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Are you suggesting it's sidechain? Or that our funds in Coinbase are pooled? Either way, it completely defeats the purpose of decentralization, consensus, etc.
by smt88 5y ago
Are you suggesting it's sidechain? Or that our funds in Coinbase are pooled?
Either way, it completely defeats the purpose of decentralization, consensus, etc. Coinbase, in that case, is exactly like a traditional bank except that you're trading non-money instead of money.
- amluto 5y agoIf you are depositing anything in an online Bitcoin account and you’re making transactions that aren’t insanely expensive, they’re either side chain or pooled.