Topic: TechCrunch throws shade at Coinbase - page 2. (Read 452 times)
They're listing XRP that isn't even a cryptocurrency. Coinbase used to be really picky and I remember when there were supposed to be new BTC forks and they said they're not going to be listed, so why 30 coins all of a sudden. They were supposed to add SV once the dust settles and I still don't see it listed. What if they are taking their time because your forked coins are being traded by Coinbase? You never know with these private exchanges. Hold your keys people, don't use exchanges if you don't have to.
It makes perfect sense. As with most exchanges, they're going to be chasing raw volume over quality or real-world utility. List anything and everything with even a hint of a buzz about it. "All aboard the hype-train, make lots of trades plz".
This exactly. People are always like "Coinbase/Binance/etc likes to spread scammy shitcoins etc etc etc". People forget that exchanges or businesses in general exist, mainly for what? To make money. Sure, the CEOs might really be passionate on blockchain technology, but profits and making sure that the company is afloat is still always first priority.
Lol, that is pretty funny.
Let's go through them one by one (OK, only the ones I have an opinion on):
Cardano (ADA) - this coin is a brain in a hat, and that's all. Zero real-world utility.
Dai (DAI) - stablecoin. The way it gets there (see MKR) is kind of questionable but it seems to work
district0x (DNT) - seems to work, people like it, let it be.
Kin (KIN) - who actually uses Kik? anyone?
Decentraland (MANA) - kind of a cool idea if they can keep developing it into a full-fledged virtual world
Maker (MKR) - don't understand what makes it valuable (see DAI), correctly allocating collateral?
NEO (NEO) - has potential
Po.et (POE) - a big nopetoken.
Augur (REP) - one of the oldest "oracle"-type platforms, still under development. if they could get it to work, it might actually be pretty cool
Request Network (REQ) - not even in the top 100, don't know what they're thinking here
Storj (STORJ) - the original filecoin... i wish them luck but wouldn't invest in it
Stellar (XLM) - adoption issues: who actually uses this coin, and why?
XRP (XRP) - only cool because everyone else is doing it, and, banks...
All the others I consider to be of too low importance to have an opinion about.
Let's go through them one by one (OK, only the ones I have an opinion on):
Cardano (ADA) - this coin is a brain in a hat, and that's all. Zero real-world utility.
Dai (DAI) - stablecoin. The way it gets there (see MKR) is kind of questionable but it seems to work
district0x (DNT) - seems to work, people like it, let it be.
Kin (KIN) - who actually uses Kik? anyone?
Decentraland (MANA) - kind of a cool idea if they can keep developing it into a full-fledged virtual world
Maker (MKR) - don't understand what makes it valuable (see DAI), correctly allocating collateral?
NEO (NEO) - has potential
Po.et (POE) - a big nopetoken.
Augur (REP) - one of the oldest "oracle"-type platforms, still under development. if they could get it to work, it might actually be pretty cool
Request Network (REQ) - not even in the top 100, don't know what they're thinking here
Storj (STORJ) - the original filecoin... i wish them luck but wouldn't invest in it
Stellar (XLM) - adoption issues: who actually uses this coin, and why?
XRP (XRP) - only cool because everyone else is doing it, and, banks...
All the others I consider to be of too low importance to have an opinion about.
There is only 4 out of the list above which i would rate:
Augur and NEO because I have some in an exodus wallet. They seem to have good development and good adoption.
Storj, i like the idea and it has potential but prefer SIA.
RIPPLE, purely because it has stamina, is well adopted but dont like the centralisation and bank relationship.
I think coinbase are doing the right thing, i assume these will also be available on GDAX?
coinbase is a very good wallet, there are lots of good coins there. Coinbase has many features to make users more comfortable. security, ease of transaction, and others.
I think, dash and nano will complete coinbase in the future, because the dash and nano are coins that can attract public attention. and it will give a good contribution to coinbase.
I think, dash and nano will complete coinbase in the future, because the dash and nano are coins that can attract public attention. and it will give a good contribution to coinbase.
EOS for instance is even listed on BitMex.
Because Bitmex knows it's a shameless shitcoin and will make plenty of money helping to drive it into the ground. I cannae believe it got as high as it did considering its nature. I guess that's the power of pump.
NEO (NEO) - has potential
I just quickly skimmed some information and news about it, I might spend more time to understand it. Could you give a quick opinion on why do you believe in it?
I also noticed it's relatively not included in a lot of (non-asian) exchanges? (Kraken, Poloniex, ...)
EOS for instance is even listed on BitMex.
They're also slowly rising to the top 5 coins with the highest market cap, so if you never heard of it I recommend giving it a look.
They believe in the fees they'll earn. That's about it. But the same applies for the people buying and selling them. It's not as if anyone's gonads are aching for decentralised storage or a drain cleaning ICO.
Honestly due to the bear market that went down for the last month, I'm sure coinbase lost a hell lot more than something they can recoup in fees, they're not just a typical exchange, they might be a crypto-investing business, but in the end it still needs to run on fiat.
I'm sure this business decision has come just for them to be able to diversify their investments. Fees are obviously going to generate a bonus income if they have enough volume of these "shitcoins", but I doubt it was their only motive.
it seems like coinbase is starting to believe in the potential of a lot more coins,
They believe in the fees they'll earn. That's about it. But the same applies for the people buying and selling them. It's not as if anyone's gonads are aching for decentralised storage or a drain cleaning ICO.
If I were them I would at least fence them off into a separate operation. Every single coin carries a risk of it blowing up in their faces. There could be forks, double spends, 51% attacks or flat out abandonment.
This seems a tad premature to me. Still, there's bills to pay.
It makes perfect sense. As with most exchanges, they're going to be chasing raw volume over quality or real-world utility. List anything and everything with even a hint of a buzz about it. "All aboard the hype-train, make lots of trades plz".
LOL. While I agree that some are indeed debatably crap, I'm pretty sure this is a good move for Coinbase as a business. As a business, they need to be profitable, hence they need to take certain moves to be able to stay so. The bear market probably affected their volume a lot.
Cardano (ADA) - this coin is a brain in a hat, and that's all. Zero real-world utility.
While I agree that it really does nothing, I wont lie, their team is looking really really good. Risky as hell though, not for me.Dai (DAI) - stablecoin. The way it gets there (see MKR) is kind of questionable but it seems to work
It seems to work, very well in fact. Yes, we all know that stablecoins can definitely drop and rise in price a bit if ever a lot of people simply buy/sell in in a short timesplan; but in the past 3 months of bearishness of the cryptocurrency markets, DAI didn't even touch $0.98. It was pretty much always around $.99 - $.1.01. Which is a really really good thing if you ask me, knowing that DAI is somewhat decentralized. If there's a stablecoin that I'd be comfortable holding, it's DAI. I don't think it's currently "backed" enough to be able to handle Binance-levels of trade volume though. 
Lol, that is pretty funny.
Let's go through them one by one (OK, only the ones I have an opinion on):
Cardano (ADA) - this coin is a brain in a hat, and that's all. Zero real-world utility.
Dai (DAI) - stablecoin. The way it gets there (see MKR) is kind of questionable but it seems to work
district0x (DNT) - seems to work, people like it, let it be.
Kin (KIN) - who actually uses Kik? anyone?
Decentraland (MANA) - kind of a cool idea if they can keep developing it into a full-fledged virtual world
Maker (MKR) - don't understand what makes it valuable (see DAI), correctly allocating collateral?
NEO (NEO) - has potential
Po.et (POE) - a big nopetoken.
Augur (REP) - one of the oldest "oracle"-type platforms, still under development. if they could get it to work, it might actually be pretty cool
Request Network (REQ) - not even in the top 100, don't know what they're thinking here
Storj (STORJ) - the original filecoin... i wish them luck but wouldn't invest in it
Stellar (XLM) - adoption issues: who actually uses this coin, and why?
XRP (XRP) - only cool because everyone else is doing it, and, banks...
All the others I consider to be of too low importance to have an opinion about.
Let's go through them one by one (OK, only the ones I have an opinion on):
Cardano (ADA) - this coin is a brain in a hat, and that's all. Zero real-world utility.
Dai (DAI) - stablecoin. The way it gets there (see MKR) is kind of questionable but it seems to work
district0x (DNT) - seems to work, people like it, let it be.
Kin (KIN) - who actually uses Kik? anyone?
Decentraland (MANA) - kind of a cool idea if they can keep developing it into a full-fledged virtual world
Maker (MKR) - don't understand what makes it valuable (see DAI), correctly allocating collateral?
NEO (NEO) - has potential
Po.et (POE) - a big nopetoken.
Augur (REP) - one of the oldest "oracle"-type platforms, still under development. if they could get it to work, it might actually be pretty cool
Request Network (REQ) - not even in the top 100, don't know what they're thinking here
Storj (STORJ) - the original filecoin... i wish them luck but wouldn't invest in it
Stellar (XLM) - adoption issues: who actually uses this coin, and why?
XRP (XRP) - only cool because everyone else is doing it, and, banks...
All the others I consider to be of too low importance to have an opinion about.
Just thought it was pretty funny, their title reads : Coinbase abandons its cautious approach with plan to list up to 30 new cryptocurrencies
But the url says something else
It's still some serious news nevertheless, because it seems like coinbase is starting to believe in the potential of a lot more coins, their potential list includes coins like : EOS (EOS), Augur (REP), Storj (STORJ), Stellar (XLM), XRP (XRP)... with these names only making a small amount of the list, I don't stand against the TechCrunch journalist calling the rest shitcoins.
I still think this is good for the future, decentralization and smart contracts have come with a lot of innovation, it would be a shame to miss out on some of them, so I guess Coinbase decided to change their stance towards them. But it's still questionable that they didn't choose to pick a few more well known coins like DASH, NANO, so I wonder how this decision is going to age in the upcoming months.
But the url says something else
It's still some serious news nevertheless, because it seems like coinbase is starting to believe in the potential of a lot more coins, their potential list includes coins like : EOS (EOS), Augur (REP), Storj (STORJ), Stellar (XLM), XRP (XRP)... with these names only making a small amount of the list, I don't stand against the TechCrunch journalist calling the rest shitcoins.
I still think this is good for the future, decentralization and smart contracts have come with a lot of innovation, it would be a shame to miss out on some of them, so I guess Coinbase decided to change their stance towards them. But it's still questionable that they didn't choose to pick a few more well known coins like DASH, NANO, so I wonder how this decision is going to age in the upcoming months.
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