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Coinbase’s only moat is regulation and it’s alliance with a bank. It’s not a strong moat. This allows companies like FTX to pay consumers to switch over.

MichaelZuo 4y ago
Your valuing their name brand recognition at 0?
- aaomidi 4y ago
  No one really knows who the fuck Coinbase is outside of some very small circles.
  - arachnids 4y ago
    Coinbase has 98 million users so I don’t think that’s true.
    - aaomidi 4y ago
      They’re just a service. Coinbase going away isn’t going to be a huge deal for people. There are dozens of other services providing same or higher quality services than Coinbase.
  - deleted 4y ago
    [deleted]
- ntoskrnl 4y ago
  Their brand name is probably worth less than 0 at this point. Outside of crypto circles, they're unknown. Inside crypto circles, they're known for freezing people's accounts at random and not having any customer service when it happens. Their market share is going down too. https://cryptoslate.com/ftx-trading-volume-surpasses-coinbase-in-record-month/ https://cryptoslate.com/ftx-trading-volume-surpasses-coinbas... They had a nice IPO, but I hope you sold at the top.
  - WalterSear 4y ago
    They are also known for freezing account access whenever bitcoin is crashing.
- nowherebeen 4y ago
  Yes. Not as a hater but it’s what blockchain was built for. No one cares about brand when they can use another exchange and get exactly the same outcome. It’s a double edge sword.
- swatcoder 4y ago
  It’s still very early in whatever the future of this stuff is going to be. If you look at other technology frontiers that were to eventually mature, many of the pioneering brands that were very well known at the time became just a mention in the historical narrative. I think one can make a fair argument that there’s a long road ahead and that Coinbase’s future will have much to do with their positioning (product, partnerships, sticky user capture) and little to do with their brand.
DonHopkins 4y ago
At least Brian Armstrong's twitter profile picture is mathematically protected by an NFT on the blockchain, so nobody can right-click and copy his cartoon face or business model. Oh, wait...
skybrian 4y ago
I don’t know anything about it, but it looks like FTX isn’t available in the US and FTX.US is banned in New York state?

MichaelZuo 4y ago

Your valuing their name brand recognition at 0?

aaomidi 4y ago
No one really knows who the fuck Coinbase is outside of some very small circles.
- arachnids 4y ago
  Coinbase has 98 million users so I don’t think that’s true.
  - aaomidi 4y ago
    They’re just a service. Coinbase going away isn’t going to be a huge deal for people. There are dozens of other services providing same or higher quality services than Coinbase.
- deleted 4y ago
  [deleted]
ntoskrnl 4y ago
Their brand name is probably worth less than 0 at this point. Outside of crypto circles, they're unknown. Inside crypto circles, they're known for freezing people's accounts at random and not having any customer service when it happens. Their market share is going down too. https://cryptoslate.com/ftx-trading-volume-surpasses-coinbase-in-record-month/ https://cryptoslate.com/ftx-trading-volume-surpasses-coinbas... They had a nice IPO, but I hope you sold at the top.
- WalterSear 4y ago
  They are also known for freezing account access whenever bitcoin is crashing.
nowherebeen 4y ago
Yes. Not as a hater but it’s what blockchain was built for. No one cares about brand when they can use another exchange and get exactly the same outcome. It’s a double edge sword.
swatcoder 4y ago
It’s still very early in whatever the future of this stuff is going to be. If you look at other technology frontiers that were to eventually mature, many of the pioneering brands that were very well known at the time became just a mention in the historical narrative. I think one can make a fair argument that there’s a long road ahead and that Coinbase’s future will have much to do with their positioning (product, partnerships, sticky user capture) and little to do with their brand.

DonHopkins 4y ago

At least Brian Armstrong's twitter profile picture is mathematically protected by an NFT on the blockchain, so nobody can right-click and copy his cartoon face or business model. Oh, wait...

skybrian 4y ago

I don’t know anything about it, but it looks like FTX isn’t available in the US and FTX.US is banned in New York state?