Topic: Coinbase on the defensive about these bitcoin ordinal centralized meme coins - page 6. (Read 1863 times)

^^
That is why they are saying BlackRock basically owns the SEC.
You may not know how large BlackRock is but in the United States they have their hands in everything from Oil & Gas companies to supermarkets where people go to get their groceries.

So they will not deny them the approval process when they want to enter into the cryptocurrency market.

But I digress, this thread isn't about the ETF approval they are seeking but about Bitcoin Ordinals and how Micheal Saylor is giving his thumbs up to it's usage on the bitcoin blockchain.
But these early transgressions will all fall together one way or another in due time.

Whenever a big player who is cryptocurrency starts to say this technology is groundbreaking and will bring innovation into the environment. You probably could take a guess they must own a majority of tokens or has a stake into the company inorder to so called 'Pump their bags!' game they always seem to take advantage of in the cryptocurrency market.

My real question is whenever a new memecoin or shitcoin arrives/newly deployed in some chain why there are some people who believe and buy it.

and yes some developer are only copy paste code deploy and using twitter for marketing and boom you gained tons of a new user.

I don't know if the twitter want to create an ecosystem like that But elonmusk had the twitter maybe there is memecoin involved

The thing that is being done on twitter is they want to create an ecosystem with what they refer to as having users being able to send each other micropayments on the platform fluidly.
Now the speculation occurs when you stat to question, which cryptocurrency they will involve in their new system.
Many have stated they will just create their own and so to not have any others suddenly increase in it's value with a huge surge as we have already seen whenever he mentions doge or shiba inu.

Uniswap when comes to memecoin and the other token mostly will lot ahead of the Centralized Exchange it is simply because they get listed first and born in ETH or other evm chains
Hahahha It is very very interesting but I am just very sad when comes to Twitter that some user buy at the top and blaming or just started done with crypto industry.
For some reason, people fell into this no-utility token and hoping the price is to the moon because listed on big centralized Exchange

"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million."

Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.

With the BRC-20 tokens taking up the majority of the block size on transactions sent to the bitcoin blockchain in the past three weeks causing chaos and having users of bitcoin paying enormous fees, one of the first exchanges in the US have had enough.
They sent their customer base newsletter out in an email late yesterday about a certain token known as pepe.
The email entails and describing the Pepe meme as a hate symbol co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community.
source: https://cointelegraph.com/news/coinbase-calls-pepe-a-hate-symbol-prompting-calls-to-boycott-the-exchange
Only 24 hours ago the pepecoin backers with the community on twitter were asking Coinbase to list the BRC-20 token on their exchange with screen captures of the symbol on their own webpage, either real or photoshopped on several of crypto influencers twitter feeds.
But now they are all up in arms against the American exchange with these mass emails being sent out with no hope in sight for their beloved green frogfaced meme which was created back in 2005 and made the rounds on huge online media sites such as reddit and 4chan.
https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitter

Since then, there was some news about pepe & memecoins topping Coinbase in trading volume just today.
Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coins
https://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins
"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million."

Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.

Ordinals and BRC-20 makes no sense to me and this will likely drag Bitcoin down in it's transaction fee in 2024-2025 when a new ATH comes. Ordinals and BRC-20 is a big abominations that shouldn't have taken place on Bitcoin.

It's crazy how something useless as pepe is doing so well than projects that have good meaning in this crypto space, what is Pepe solving? Yeah it's a meme coin but is it pumping so hard?

The congestion on Bitcoin is a big problem, if Ordinals existed to solve that it would have been a big success and someone like myself would have invested a lot in this project, but that's not the case here, Ordinals hard more to the problem of Bitcoin congestion.

Ordinals and BRC-20 makes no sense to me and this will likely drag Bitcoin down in it's transaction fee in 2024-2025 when a new ATH comes. Ordinals and BRC-20 is a big abominations that shouldn't have taken place on Bitcoin.

There is a clip from a financial media outlet that questions about cryptocurrency if these layer 2 advancements are needed since if you are denying it's existence you might as well block Web3 from your life aswell.