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Topic: Coinbase CEO: bitcoin is far ahead! Altcoins are distractions! - page 5. (Read 10465 times)

legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin

Sounds 100% full of shit just like most everything else Charlie says when he is being full of shit.

Coinbase is nothing but Scammers, Leeches and wana be Banksters.  They want to hid in a secret office for a reason.


The fact Lee has worked at Coinbase for over a year now and hasn't convinced his superiors to accept Litecoin is telling. I think LTC was created to be a Chinese pump and dump by the Lee brothers, I never believed it when Lee said he only had "a couple" Litecoins.

Litecoin is worthess piece of bits and bytes, and the only reason for any value at all is because its related to bitcoin (as in, it is an alt)
People want to invest in bitcoin, they research, and tiny number that reads from bitcoin research finds out about litecoin, and decides to invest some cents in it, and since amount of bitcoin investments is
huge, that tiny bit of people actualy give litecoin value, until they realise that its useless.
This is how much people are actually interested in litecoin:



Any other altcoin is the same, more or less, and if you trully believe that some fancy extra options make it worth something, ull get burned the minute the organised pump and dump finishes.

cheers
legendary
Activity: 1246
Merit: 1000

Sounds 100% full of shit just like most everything else Charlie says when he is being full of shit.

Coinbase is nothing but Scammers, Leeches and wana be Banksters.  They want to hid in a secret office for a reason.


The fact Lee has worked at Coinbase for over a year now and hasn't convinced his superiors to accept Litecoin is telling. I think LTC was created to be a Chinese pump and dump by the Lee brothers, I never believed it when Lee said he only had "a couple" Litecoins.
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Forget Litecoin, why is Coinbase in a secret location? The photos are staged. Where does Charles really work?
Is this in reference to http://blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office ?

I'm confused, care to enlighten?

We'll also keep every satoshi of the wealth bitcoin siphons from your snakeoil shitcoin of preference, XMR over the next eighteen months.

This is the natural way of the market.

Yes that was a photo shoot, those offices don't really exist.

https://www.reddit.com/r/Bitcoin/comments/2tw4l0/coinbase_doesnt_even_really_have_a_sf_office_rick/


From a Twitter of the CEO's it has been narrowed down that Coinbase might have their office in 444 Market Street (also known as 1 Front Street.)

I think they are full of shit.

Here is Charlies response to their office thing.  https://bitcointalk.org/index.php?topic=938514.msg10285298#msg10285298

Sounds 100% full of shit just like most everything else Charlie says when he is being full of shit.

Coinbase is nothing but Scammers, Leeches and wana be Banksters.  They want to hid in a secret office for a reason.
legendary
Activity: 1246
Merit: 1000
Funny how everyone keeps calling alt coins useless, scams or shitcoins yet sidechains wants to steal all the ideas and innovation that has evolved from the alt market.  

Sidechains is nothing more than a ploy by BTC whales to save their investment, which is a ridiculous fear anyway because there is room for multiple cryptocurrencies, it's like saying there shouldn't be a Euro because the world has the US dollar.
legendary
Activity: 2912
Merit: 1060
Forget Litecoin, why is Coinbase in a secret location? The photos are staged. Where does Charles really work?
Is this in reference to http://blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office ?

I'm confused, care to enlighten?

We'll also keep every satoshi of the wealth bitcoin siphons from your snakeoil shitcoin of preference, XMR over the next eighteen months.

This is the natural way of the market.

Yes that was a photo shoot, those offices don't really exist.

https://www.reddit.com/r/Bitcoin/comments/2tw4l0/coinbase_doesnt_even_really_have_a_sf_office_rick/
sr. member
Activity: 462
Merit: 250
This thread certainly disintegrated into the same dribble that always happens, and that is both sides yelling at each other with each side hoping they are the louder one ergo the correct one.


For anyone interested, here you go http://coinfire.io/2015/02/24/litecoin-association-director-challenges-coinbase-ceo-to-public-debate/



Would love to have the same discussion with anyone here if you would like too (without the yelling of course) Smiley.

Well! no ones shouting here , they are just giving their views quite violently Undecided
I would like to fill you requirement on non-loud ?
So what side are you on ? Altcoins are distractions or not ?
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
Forget Litecoin, why is Coinbase in a secret location? The photos are staged. Where does Charles really work?
Is this in reference to http://blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office ?

I'm confused, care to enlighten?

We'll also keep every satoshi of the wealth bitcoin siphons from your snakeoil shitcoin of preference, XMR over the next eighteen months.

This is the natural way of the market.
legendary
Activity: 2912
Merit: 1060
Forget Litecoin, why is Coinbase in a secret location? The photos are staged. Where does Charles really work?
legendary
Activity: 1470
Merit: 1004
Ripple and Stellar do suck.  

Just Coinbase alone is better than both of them combined.  

That isn't to say that Bitcoin will always be the best, but yeah, Ripple and Stellar get way to much attention.  
How is Ripple and Stellar connected to coinbase , AFAIK , Ripple and Stellar are payment gateways while coinbase is more like an Exchange and wallet combined , though it works as a bitcoin payment gateway for business's but i don't really believe that

I have USD and I need Euro's.  I go from US bank account -> coinbase -> buy bitcoin -> transfer them to my European Coinbase account ->cash out.  

In Ripple/Stellar I go from my US bank account -> Snapswap US -> buy my Ripple Snapswap USD -> ask the Ripple network and pray there is a good market maker that won't rip me off that will trade SnapSwap USD for SnapSwap Euro -> Send those snapswap Euros to SnapSwap Euro and cash out.  Oh yeah, and along the way I got to grant trust to SnapSwap and hope they don't screw me over.

Coinbase alone does a better job for getting USD to Euro than the whole Ripple network.  And there are lots of other options other than just Coinbase.  



Ripple has the same shareholders as Coinbase, BTC China, Bitstamp Smiley
sr. member
Activity: 366
Merit: 250
If it wasnt for altcoins, then BTC would not be alive since over 80% of all transaction in BTC is from BTC to Altcoins or Altcoins to BTC.


This is not true lol. The altcoins are taking value from bitcoin because people are selling bitcoin in order to speculate on useless altcoins. Many people that trade altcoins simply keep their bitcoin on an exchange
hero member
Activity: 1372
Merit: 783
better everyday ♥
If it wasnt for altcoins, then BTC would not be alive since over 80% of all transaction in BTC is from BTC to Altcoins or Altcoins to BTC.



Proof or link?  We'd like to believe you and all, but need some facts before you put some numbers out there.
legendary
Activity: 1022
Merit: 1000
If it wasnt for altcoins, then BTC would not be alive since over 80% of all transaction in BTC is from BTC to Altcoins or Altcoins to BTC.

member
Activity: 112
Merit: 10
Ripple and Stellar do suck. 

Just Coinbase alone is better than both of them combined. 

That isn't to say that Bitcoin will always be the best, but yeah, Ripple and Stellar get way to much attention. 
How is Ripple and Stellar connected to coinbase , AFAIK , Ripple and Stellar are payment gateways while coinbase is more like an Exchange and wallet combined , though it works as a bitcoin payment gateway for business's but i don't really believe that

I have USD and I need Euro's.  I go from US bank account -> coinbase -> buy bitcoin -> transfer them to my European Coinbase account ->cash out. 

In Ripple/Stellar I go from my US bank account -> Snapswap US -> buy my Ripple Snapswap USD -> ask the Ripple network and pray there is a good market maker that won't rip me off that will trade SnapSwap USD for SnapSwap Euro -> Send those snapswap Euros to SnapSwap Euro and cash out.  Oh yeah, and along the way I got to grant trust to SnapSwap and hope they don't screw me over.

Coinbase alone does a better job for getting USD to Euro than the whole Ripple network.  And there are lots of other options other than just Coinbase.   

legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
Ripple and Stellar do suck. 

Just Coinbase alone is better than both of them combined. 

That isn't to say that Bitcoin will always be the best, but yeah, Ripple and Stellar get way to much attention. 
How is Ripple and Stellar connected to coinbase , AFAIK , Ripple and Stellar are payment gateways while coinbase is more like an Exchange and wallet combined , though it works as a bitcoin payment gateway for business's but i don't really believe that
member
Activity: 112
Merit: 10
Ripple and Stellar do suck. 

Just Coinbase alone is better than both of them combined. 

That isn't to say that Bitcoin will always be the best, but yeah, Ripple and Stellar get way to much attention. 
legendary
Activity: 3066
Merit: 1188

It's your employer's words that brought about this thread.  Maybe prove your superior wrong, not the people here?

I don't think you understand.

His "superior" would never be so unprofessional as to express such overt commercial dogmatism in public if it was genuine.

What that tweet was was a trial balloon to test the mood of the market and coax some informed opinion out of the woodwork to help him establish future business priorities  Wink


hero member
Activity: 812
Merit: 1000
Litecoin Association Director
This thread certainly disintegrated into the same dribble that always happens, and that is both sides yelling at each other with each side hoping they are the louder one ergo the correct one.


For anyone interested, here you go http://coinfire.io/2015/02/24/litecoin-association-director-challenges-coinbase-ceo-to-public-debate/



Would love to have the same discussion with anyone here if you would like too (without the yelling of course) Smiley.
full member
Activity: 154
Merit: 100
That Darn Cat
New crytocurrency in this day are not going to account to anything.  Maybe next year, or the year after but not in the short term future.  Does anyone agree?  Wink
legendary
Activity: 2674
Merit: 2965
Terminated.
They haven't "leeched" off anything.

There are 2 "flavours" of fiat pegged alt currencies - 1 which uses supply restricted algorithms to manage the flow of coins to market and another who's blockchain supports the dynamic creation of pegged currencies by the matching of short and long positions in that currency - sort of like very granular banking.
In the latter case, as the adoption of the pegged asset increases, so does the value of the underlying collateral. This makes for a very elegant solution because it satisfies 2 disparate market requirements in a complimentary way - 1. The demand for risk assets which deliver a return on investment 2. The demand for a stable trading currency for use in retail and commercial markets.

You only have to look at coinmarketcap.com to see that they work:
In my view, they have (taking in consideration the people I've worked with in the past). One could say that they have created their own market as well I assume.
Interesting. So you'e saying the current exchanges can be deemed as unstable?

Such contributions to the discussion definitely won't go unrewarded. Welcome to the ignore list.
hero member
Activity: 1372
Merit: 783
better everyday ♥
Litecoin is a joke

You know Litecoin is a joke when it's lead developer and creator stops developing for it:

The fact that Charlie Lee works for Coinbase, probably the largest Bitcoin based company, is a joke in itself.

that's correct. they all are a gang. they all are related. Don't you see? Smiley

Charlie Lee(Litecoin owner) works for Coinbase. Coinbase has shareholders same guys who are shareholders for Bitstamp, BTC-China, Ripple and many others.
The same shareholders are the sponsors for many news media websites which promote Bitcoins.

Take the ones from the so called "Foundation"(Bitcoin developers) and you will find that they are connected with the exchanges and their shareholders as well. Not that they know each other but the are interconnected by running the same businesses.

Only a very stupid person should not see the facts. Smiley

Not sure what your point is, but sure I'll bite.

Dudes from silicon valley and dudes from wall street run in the same circles, so they form one huge massive circle jerk with splooge all over their faces.  Amirite?

In this threads context, I think you made a positive remark though, instead of your intended negative slant.  Synergy between tech companies and financial companies, and extending the ecosystem is always a good thing.

in the same circles is one things and running the SAME business is other thing.

Coinbase has shareholders same guys who are shareholders for Bitstamp, BTC-China, Ripple and many others. Don't take my words. Make a search.

You will observe that they own/share the same businesses; same exchanges, same news media websites(these are very important in promoting their shit).

Who? around of 6-7 people. Smiley

In other words, this gang is controlling the Bitcoin  Smiley

Hmm, I know a pair of identical dudes that own 1% of all Bitcoins in existence, have a competitor exchange to Coinbase, don't own any stake in BitStamp, BTC-China, Ripple, and don't run in the same circles as these 6-7 people or have any link to these media outlets.

These 2 aren't part of this "gang".  I'm pretty sure their launching a Bitcoin ETF soon after their Coinbase competitor exchange.

I forget their names, it escapes me...what's their names again?!   Undecided
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