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What about the vast majority of large, publicly-traded American companies that are honest and do good business? Pointing out Enron is cherry-picking. I can poi
by javert 12y ago
What about the vast majority of large, publicly-traded American companies that are honest and do good business?
Pointing out Enron is cherry-picking. I can point out 499 other business on the Fortune 500 that aren't Enron.
The point is, they, maybe Coinbase is just as corrupt and shady and incompetent as Mark Karpeles (i.e. Mt. Gox), but there is just no reason to assume that. Its a leap of faith. It's much more likely that they are not exceptionally shady/incompetent/dishonest/whatever Karpeles is.
- tedunangst 12y agoThe point isn't to decide whether they are good people or not; it's about the protections in place that should make that irrelevant. I buy all sorts of stuff from some surely shady characters, but I do so through amazon who I'm confident will make things right when they go wrong. Coinbase is promising that if something goes wrong, they can make as much as 2% of it right. Let's hope that when something goes wrong, it's with that 2%.