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Or coin base could actually hire and listen to them like a business trying to operate legitimately and honestly. Instead it’s the usual crypto playbook of “mov
by TylerE 4y ago
Or coin base could actually hire and listen to them like a business trying to operate legitimately and honestly.
Instead it’s the usual crypto playbook of “move fast and break things” and then play dumb.
- thepasswordis 4y agoDo you have any evidence to back this up? It seems like coinbase has been trying to work with the SEC since the very beginning. Being 100% legit is kindof their whole schtick.
- TylerE 4y agoThe SEC told them last year that staking was a security and now they’re being all surprisedpikachu and pretending they don’t know what this is about.
- aikinai 4y agoYou're being intentionally disingenuous. Coinbase's entire value is tied to them being the safest, most legal crypto brokerage.
- headsoup 4y agoIf they're trying to be that then they probably shouldn't be offering shitcoins like "I will poop it NFT" or "PonziCOIN".
- JohnTHaller 4y agoI think some people think you are being facetious. Coinbase lists both of these but only allows SHIT to be custodied in your Coinbase wallet. PonziCOIN (Symbol: PONZI) - Down 98.8% from high - https://www.coinbase.com/price/ponzicoin https://www.coinbase.com/price/ponzicoin I will poop it NFT (Symbol: SHIT) - Down 98.5% from high - https://www.coinbase.com/price/i-will-poop-it-nft https://www.coinbase.com/price/i-will-poop-it-nft Coinbase lists 17,028 "assets", as it calls them, but only allows trading of 254. While some of the meme coins like the above only have a market cap of $703, the smallest asset Coinbase currently lets you trade has a market cap of $3M.
- stametseater 4y ago> the safest, most legal crypto brokerage. https://en.wikipedia.org/wiki/Damning_with_faint_praise https://en.wikipedia.org/wiki/Damning_with_faint_praise
- awb 4y agoIt’s the Uber playbook. Expand faster than regulators can keep up.
- TimJRobinson 4y agoThey have been trying for years, the SEC does not want to engage in good faith discussion. They wrote a response about it here: https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal https://www.coinbase.com/blog/we-asked-the-sec-for-reasonabl...
- TylerE 4y agoCoinbase isn’t exactly operating in good faith either with this “oh we couldn’t possibly know what they’re talking about” BS.
- peterbonney 4y agoThat is one side of a conversation where the other party as a rule never comments. Coinbase is simply not a reliable source for characterizing the SEC’s position on this.
- senttoschool 4y agoYou think Brian Armstrong is innocent that he's operating in good faith? We all know that all of the coins on Coinbase are either securities, ponzis, or yet to be rug-pulled scams. Sometimes all 3. Coinbase and Brian Armstrong is defrauding the public.