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Coinbase cold storage holds billions of dollars for millions of people. Do you understand how bad this metric is now?
by drexlspivey 4y ago
Coinbase cold storage holds billions of dollars for millions of people. Do you understand how bad this metric is now?
- ShamelessC 4y agohttps://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/ https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-as...
- joshcryer 4y agoNot your keys, not your coins.
- jazzyjackson 4y agoIs there a benefit to consolidating all those coins into bulk wallets? Why not have an address associated with each user?
- drexlspivey 4y agoYes consolidating outputs significantly reduces transaction fees
- manquer 4y agoThe study excluded all the exchange wallets [1], that makes the metric if anything more conservative than it is actually. [1] https://www.nber.org/system/files/working_papers/w29396/w29396.pdf https://www.nber.org/system/files/working_papers/w29396/w293...