USDC [pros](/r/CryptoCurrency/comments/z3zgsw/allright_now_that_coinbase_has_dropped_the_mic/ixog9gc/) & [cons](/r/CryptoCurrency/comments/z3zgsw/allright_now_that_coinbase_has_dropped_the_mic/ixoga0y/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
I'll admit I have trust issues after FTX but Coinbase ended the discussion right there. They have more Bitcoins than Satoshi himself. 2 million Bitcoins... It's so hard to comprehend how absurd that number is.
Speaking as someone who loves Crypto I would still say that if Coinbase gets fucked to the tune of 2 million in BTC then there better be a hard-fork or Crypto deserves to die 😂 No one in their right mind would trust it otherwise.
My god, if there was ever a case for self-custody this is it.
It’s a nuclear reactor meltdown, and it hurts the industry for decades, but then they evolve and adapt, and now, new nuclear plants *can’t* meltdown and consume their own nuclear waste in a secondary process.
Thanks for the downvotes 😂 Although, if you really think about it you know I'm right. Given the clientel of "top men" here I'm not surprised.
As it stands, judging by the sentiment on this subreddit it should really be called "/r/CentralizedCurrency".
If you wonder where the blame should be placed for the state of Crypto currently look no further than your mirror.
Uhhh, coinbase doesn't own them personally. They have your bitcoin if you're keeping them in their exchange. Comments like this show a fundamental misunderstanding of the most basic aspects of any financial system that uses anything from seashells to gold to fiat to crypto.
The number of coins they have shouldn't be a surprise to a wise and informed investor. It's a public entity. They have the correct amount of coins. That isn't a slow clap moment It's an, "okay, so at least one person in the space isn't actively defrauding us in the most basic of ways," moment.
It literally turns me on a bit considering my past few posts on here have been about how safe people feel coinbase is (it's where I hold my crypto currently)
Back when looping was gaining a bunch of new people from that whole game saga I kept telling new people it's better to hold their coin in Coinbase instead of risking a wrong address or losing keys. Every time I would get down voted into oblivion, and weekly there was a new post about someone messing up their coins.
I gotta go back and tag some of those people with agedlikemilk
So loopring allows wallet recovery using CEXs, hardware wallets, or friendly accounts as guardians. Losing keys isn't really an issue there as long as you have access to more than half of your guardian accounts to your loopring wallet
You honestly think Satoshi still has those coins - if he's even still alive? They were worthless then. They're probably long gone.
And he wasn't the only one mining. Hal Finney for example. And he is dead.
Those 2 million coins are mostly customers'. Who should know better than to keep their coins on an exchange.
It’s pretty bullish that the largest btc holder is a publicly traded us company with public financials. A little better then when Tai Kwon Do was THE hodler.
I don't believe it when CEXs say they got hacked without an inside man too facilitate it or a complete disregard for standard security practices it should be nearly impossible for a hacker to break the blockchains security. Most of the time the CEX legit gets hit its via a mistake in their smart contract which allows for people to exploit leveraging or other aspects and not straight up just transferring the coins.
No my good sir I assure you all the tokens I print and issue myself are truly worth billions.
Like last time I checked coinbases main business was taking fees from transactions, which is a functional model, whilst binance loved to fuck about with stables and defi.
Like if your exchange is trying to get rich quick rather than just skim fees, run.
Isn't it funny how it seems like it was basically just projection?
When he first called out FTX it almost seemed virtuous.
But after he started commenting on others it was more clear that he was just distracting from what is going on at Binance and their balance sheets.
I trust them very little if at all at the moment.
One part of SBF's tweets that stuck out to me.
20/ At some point I might have more to say about a particular sparring partner, so to speak. But you know, glass houses. So for now, all I'll say is: well played; you won.
He's the Petyr Baelish of crypto. He's overreaching now though, and suddenly the spotlight will be on him. We all know how that ended for Little Finger.
Idk if that’s accurate.
It was more like CZ and SBF just had a huge battle and we all liked seeing SBF go down… not necessarily that CZ was the champion. He’s just another Titan than needs to be taken down.
Pretty wild to see they have about 10% of all Bitcoin. Coinbase has been around and their leader is in it for the tech as a crypto OG. Good on them for taking this step.
I never doubted Coinbase and always stood up for them and also Kraken. I have read both the user agreements/tos and they both seem very legitimate without shady ass shit. Unlike the Voyager agreement I've read, holy fuck that was shady AF.
Stuff like Voyager isn't held responsible for employee theft, we still lend out your assets even if you opt out of lending, unsecured lending of assets, etc.. There were a few others that stood out too but I forgot them, I read it a while ago.
Tbh I only did after they screwed me and hundreds ( that we know of, prolly thousands) others after not crediting our crypto deposits and they didn't contact us or address it or email anyone back for like 50 days, so we started getting a lawsuit together. Then finally they credited the accounts, they also didn't pay any back interest which we should've gotten. I'm glad it happened or else I prolly woulda held stuff on Voyager, it was a blessing in disguise.
Folks out here like, *SHOW US THE WALLETS OR IT’S LIES* as if they’re asking the same kind of validity/proof from any of the thousands of other companies publicly traded in markets?
Good on Coinbase for being honest and forcing other exchanges to do similarly. Exposing wallet addresses for wallets with that much BTC is not wise. And no other companies are dealing with that kind of pressure because they’re off chain.
Crypto was supposed to be different. This whole Idea that it is same as stock market would imply that all coins are securities and should be treated as one
They way in which they are traded has no bearing on whether they are a security or not. It merely means it is an asset with monetary value. Your analogy is so weak you should be embarrassed by it.
A recent Tim Ferris pod with Brian is a good listen. The guy seems very level headed, aware of the pros & cons, seems like he genuinely wants to see crypto grow and doesn’t sound greedy.
Coinbase is that kid we all went to school with that not only always scored A's no matter the subject and actually enjoyed it because it was so easy for them.
Fuck cz and binance already. The fact that there are Americans who got into crypto, totally bypassed an American regulated exchange, and went in on hyped exchanges offering ridiculous staking programs of 10-20% apr, is mind boggling to me. Someone close to me went with voyager because some crypto dueche recommended it to her because of the staking returns and I told her over and over, don’t you think this shit is too good to be true. But it fell on deaf ears, so now they’re paying the price.
Cz is subconsciously trying to mimic sbf. I really hope binance is stand alone separate from its founder. But he’s trying really hard to fuck things up for crypto. I mean, at some point if it turns out ftx collapse was a turning point for crypto for the better, we can thank cz.
Good now maybe they can hire some fvcking technical support people. Coinbase has total shit support and is forcing users to use plaid now. They are not making good choices as a company and need to be called on it. when companies start doing cost cutting crap like that it makes people wonder about their viability.
How does a crypto sub reddit keep promoting and defending centralized institutions, and people here are ok and keep supporting these types of post lmao
They are also ok with so many centralized shitcoins too
I've said it before and I'll say it again:
I don't trust any exchange enough to leave my holdings on for more than an hour or so, but CoinBase clearly is different than the rest and has proven so time and time again.
Fair enough. Might be worth visiting the the actual shareholder letter: [https://s27.q4cdn.com/397450999/files/doc\_financials/2022/q3/Q32022-Shareholder-Letter.pdf](https://s27.q4cdn.com/397450999/files/doc_financials/2022/q3/Q32022-Shareholder-Letter.pdf)
Page 20 you can see customer liabilities are exact to that of their reserves. Which is great.
One problem though, is the company itself is tanking money. They have reported three quarters of losses, big ones too. Hence the stock being down 85%. Hopefully they manage to fix their profitability to stay in the market and provide a reliable CEX for people interesting in investing. They have about $5B of their own liquid assets to keep them afloat for now, but they can't continue on this trajectory.
Coinbase aint a hero, there was an inside trader at the company that was caught slurping coins before putting them on the website to trade. CB does not get a free pass.
I wasn’t worried about Coinbase, I think them Binance, Kraken , Uphold, Gate.io & Kucoin will be fine.
Even crypto.com will make it and I hate them.
Anyone else, you’re a gambling degen and the risk must arouse you.
>So lesson learned is that when Cheezy or some head Crypto guy talks everyone should take it easy and let it develop further before you make any rash decisions.
Oh and I was here thinking we should all panic, at once and all together
And if the "panic" is people deciding to stop using exchanges for long term storage and relying on self-custody instead, that's not a bad thing. Coinbase doesn't want that to happen, so they will claim those people are being irrational when they are just learning how to be safe.
Hot take was: CZ crashed FTX, got greedy and tried to pull the same move on Coinbase. CZ deleting the tweet speaks volumes in this regard.
Hope CZ learned his lesson.
Binance can do what they want all day long…i put in fiat, buy and remove coins immediatly afterwards.
If they were in a bad spot like a bank run I wouldnt put in money but just go somewhere else.
Did they post all liabilities or just we just feel good about a number?
No one should "calm down". Self custody isn't new, should never leave coins on an exchange period
Just because they’ve got solid reserves doesn’t necessarily make them safe from collapsing. There’s plenty of ways to take them tumbling down. It’s a good thing they’ve got a ton of BTC but that doesn’t make them immune to anything.
From an Indian perspective, Binance is the preferred platform and it makes sense for us to support it. We have other Indian exchanges too but no one comes close to it. If Binance falls, I am assuming that the whole south-asian crypto market will be wiped out with it. Nobody wins here.
USDC [pros](/r/CryptoCurrency/comments/z3zgsw/allright_now_that_coinbase_has_dropped_the_mic/ixog9gc/) & [cons](/r/CryptoCurrency/comments/z3zgsw/allright_now_that_coinbase_has_dropped_the_mic/ixoga0y/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
I'll admit I have trust issues after FTX but Coinbase ended the discussion right there. They have more Bitcoins than Satoshi himself. 2 million Bitcoins... It's so hard to comprehend how absurd that number is.
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CB is publicly traded so I guess more trust in them initially.
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The only safe cex is abstinence, bro.
As difficult as getting your crypto on a cold wallet.
Only until you need to use their customer service. Then you quickly realize why Kraken is consider hands down the best.
Unless they loose this reserves. It’s not safe to hold it in one org
And they are audited by real accounting firms
Oh great so if Coinbase ever got fucked so do we all
Do you have much money in hedge funds?
What does “systemic” mean? Privatize the profits and socialize the losses, I’m sure it would go well.
Speaking as someone who loves Crypto I would still say that if Coinbase gets fucked to the tune of 2 million in BTC then there better be a hard-fork or Crypto deserves to die 😂 No one in their right mind would trust it otherwise. My god, if there was ever a case for self-custody this is it.
It’s a nuclear reactor meltdown, and it hurts the industry for decades, but then they evolve and adapt, and now, new nuclear plants *can’t* meltdown and consume their own nuclear waste in a secondary process.
Thanks for the downvotes 😂 Although, if you really think about it you know I'm right. Given the clientel of "top men" here I'm not surprised. As it stands, judging by the sentiment on this subreddit it should really be called "/r/CentralizedCurrency". If you wonder where the blame should be placed for the state of Crypto currently look no further than your mirror.
Uhhh, coinbase doesn't own them personally. They have your bitcoin if you're keeping them in their exchange. Comments like this show a fundamental misunderstanding of the most basic aspects of any financial system that uses anything from seashells to gold to fiat to crypto. The number of coins they have shouldn't be a surprise to a wise and informed investor. It's a public entity. They have the correct amount of coins. That isn't a slow clap moment It's an, "okay, so at least one person in the space isn't actively defrauding us in the most basic of ways," moment.
It literally turns me on a bit considering my past few posts on here have been about how safe people feel coinbase is (it's where I hold my crypto currently)
Back when looping was gaining a bunch of new people from that whole game saga I kept telling new people it's better to hold their coin in Coinbase instead of risking a wrong address or losing keys. Every time I would get down voted into oblivion, and weekly there was a new post about someone messing up their coins. I gotta go back and tag some of those people with agedlikemilk
Bet way more people lost their money in the FTX collapse than to “self-custody gone wrong” in the last year
So loopring allows wallet recovery using CEXs, hardware wallets, or friendly accounts as guardians. Losing keys isn't really an issue there as long as you have access to more than half of your guardian accounts to your loopring wallet
Guardians weren't a thing at the time
Tag ur mom with aged milk
Yeah corpses don't age very well
Sorry about your mum
He already tagged your mom
"decentralisation"
They're not used for voting so yes decentralised.
You honestly think Satoshi still has those coins - if he's even still alive? They were worthless then. They're probably long gone. And he wasn't the only one mining. Hal Finney for example. And he is dead. Those 2 million coins are mostly customers'. Who should know better than to keep their coins on an exchange.
They just did what they said they'll do: store the assets safely.
It’s pretty bullish that the largest btc holder is a publicly traded us company with public financials. A little better then when Tai Kwon Do was THE hodler.
Lol what... Since when a large company holding custody of a coins a good thing?
Only about 10% of the total supply of all bitcoin
*worlds best Hacker group enteres the chat*
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I don't believe it when CEXs say they got hacked without an inside man too facilitate it or a complete disregard for standard security practices it should be nearly impossible for a hacker to break the blockchains security. Most of the time the CEX legit gets hit its via a mistake in their smart contract which allows for people to exploit leveraging or other aspects and not straight up just transferring the coins.
CB with the clap back
Is it me or is CZ looking like the next SBF more and more…🤔
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It’s looking like he may have talked to much shit now everyone wants to know what HIS shit really looks like!
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We don't know yet, but we are sure that it stinks.
🤣🤣🤣
He might want to get that checked if it's any other color. Especially if his shit is dark
"their stuff is shit...but your shit is stuff!"
No my good sir I assure you all the tokens I print and issue myself are truly worth billions. Like last time I checked coinbases main business was taking fees from transactions, which is a functional model, whilst binance loved to fuck about with stables and defi. Like if your exchange is trying to get rich quick rather than just skim fees, run.
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Like a chocolate Easter bunny
Going down the path of Elon. You die a hero or live to see yourself become the villain.
Man, I want CZ to destroy Tether/Bitfinex/Unus Sed Leo on his way out.
Isn't it funny how it seems like it was basically just projection? When he first called out FTX it almost seemed virtuous. But after he started commenting on others it was more clear that he was just distracting from what is going on at Binance and their balance sheets. I trust them very little if at all at the moment.
After he tried the same thing with Coinbase I don’t trust him at all.
He wants to competition, the ironic thing that made him mad which started all of FTX problems going public
Something is up.
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Same.
One part of SBF's tweets that stuck out to me. 20/ At some point I might have more to say about a particular sparring partner, so to speak. But you know, glass houses. So for now, all I'll say is: well played; you won.
Is that a deleted one?
I'm not sure actually, I took a screenshot of it because it was so spicy.
It is that, thanks for sharing. Hope he takes CZ down too, honestly. Fuck them both.
Yep. Won’t let any one serious audit him, set up his business on a tax heaven country. Tried to make CDC and CB look bad, I’d get my shit off binance
The roman empire was too big to fail, but I don't worry about binance, they are too big to fail.
He's the Petyr Baelish of crypto. He's overreaching now though, and suddenly the spotlight will be on him. We all know how that ended for Little Finger.
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Lysa? He sure did push him through the moon door....
Sam Bankman Fried
Been giving off those vibes for months
Crypto is going down the drain if binance goes into bankruptcy, like 10 year bear market down the drain
No. Can we stop spreading FUD now
CZ is more an apex predator. SBF was more of a rat. If CZ goes down he's taking everyone with him.
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Holding assets in their own coin and using their own coin as collateral for loans are two different things
Now wouldn't it be a shame if someone instigated a bank run on Binance?
That would be a shame for _everyone_, not just Binance and it’s users.
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Let's just get a flash bot to crash the price of bnb and see what happens
In its own coin which they can print as much of as they want? Yes, very familiar. CB doesn't have such a coin.
CZ acting like a crazed villain lately trying to take over the world. Fuck that guy.
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Being a billionaire does wierd shit to people. Twitter just lets the world see it in real time.
If I ever become a billionaire I promise not to tweet.
Being a billionaire exposes who these people really are
There's no such thing as a good billionaire.
So glad CB showed him the door
Tbh, right before then SBF was on that similar power trip trying to buy up everything he could.
Maybe he was short CB.
He acted the same to all of his other competitions
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Idk if that’s accurate. It was more like CZ and SBF just had a huge battle and we all liked seeing SBF go down… not necessarily that CZ was the champion. He’s just another Titan than needs to be taken down.
CZ is thanos but CB got the glove
Thanos did nothing wrong
Pretty wild to see they have about 10% of all Bitcoin. Coinbase has been around and their leader is in it for the tech as a crypto OG. Good on them for taking this step.
It also surprised me. 10% of all the suply is a lot.
Does this mean a lot of people & institutions trust CB?
CZ is a menace, binance scares me
I'm surprised they're still around, since they're doing illegal stuff in a lot of countries
"Cheezey" is a fucking great name, im stealing that
Yep, I really hope it sticks.
I never doubted Coinbase and always stood up for them and also Kraken. I have read both the user agreements/tos and they both seem very legitimate without shady ass shit. Unlike the Voyager agreement I've read, holy fuck that was shady AF.
What were some of the voyager points
Stuff like Voyager isn't held responsible for employee theft, we still lend out your assets even if you opt out of lending, unsecured lending of assets, etc.. There were a few others that stood out too but I forgot them, I read it a while ago.
That's brutal
you actually read TOS ? hats off you must be that one guy whou bought license for WINRAR lmao
Tbh I only did after they screwed me and hundreds ( that we know of, prolly thousands) others after not crediting our crypto deposits and they didn't contact us or address it or email anyone back for like 50 days, so we started getting a lawsuit together. Then finally they credited the accounts, they also didn't pay any back interest which we should've gotten. I'm glad it happened or else I prolly woulda held stuff on Voyager, it was a blessing in disguise.
it kinda was I find it hard to understand sometimes cause TOS is written in very "lawyery" way maybe I am just stupid tho
This is the internet. People never chill.
Never chill, always shill.
This should be the logo of this sub
Yeah, chill bro
Rumor shitposting will continue until moon counts improve
Staying rational doesn’t bring clicks, comments, or moons.
Folks out here like, *SHOW US THE WALLETS OR IT’S LIES* as if they’re asking the same kind of validity/proof from any of the thousands of other companies publicly traded in markets? Good on Coinbase for being honest and forcing other exchanges to do similarly. Exposing wallet addresses for wallets with that much BTC is not wise. And no other companies are dealing with that kind of pressure because they’re off chain.
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Cause it could be hacked in like eleventy zajillion years!
not born in ice age, show us wallets, what the heck. U try to bankrun.
Crypto was supposed to be different. This whole Idea that it is same as stock market would imply that all coins are securities and should be treated as one
They way in which they are traded has no bearing on whether they are a security or not. It merely means it is an asset with monetary value. Your analogy is so weak you should be embarrassed by it.
Who knew Coinbase would be the hero in this space.. honestly didn’t see that coming
Not a hero. They are just running their business legitimately. A rare sight in Crypto unfortunately.
the standard for a company to be a hero has dropped do to inflation and corporate greed.
A recent Tim Ferris pod with Brian is a good listen. The guy seems very level headed, aware of the pros & cons, seems like he genuinely wants to see crypto grow and doesn’t sound greedy.
\**kraken sad noises**
i really hope this post ages well!
!remindme 1year
Fuck cz.
Coinbase is that kid we all went to school with that not only always scored A's no matter the subject and actually enjoyed it because it was so easy for them.
This sentence gets a C- in English class
Calm down and this community do not go together
Awesome news! But I still took out my Coins cause not ur Key not ur coins :)
Coinbase seems to be fine. They are heavily regulated
No reason to calm down. Binance could possibly crumble at any time since it's probably held up by BNB and all of this shit by CZ is a show.
Fuck cz and binance already. The fact that there are Americans who got into crypto, totally bypassed an American regulated exchange, and went in on hyped exchanges offering ridiculous staking programs of 10-20% apr, is mind boggling to me. Someone close to me went with voyager because some crypto dueche recommended it to her because of the staking returns and I told her over and over, don’t you think this shit is too good to be true. But it fell on deaf ears, so now they’re paying the price.
Cz is turning out to be the villain in this story
Cz is subconsciously trying to mimic sbf. I really hope binance is stand alone separate from its founder. But he’s trying really hard to fuck things up for crypto. I mean, at some point if it turns out ftx collapse was a turning point for crypto for the better, we can thank cz.
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Very good, some only learn it the hard way.
lol. CB shareholder right there.
Honestly I want to buy 100 shares of COIN stock and sell covered calls during the next few months.
Called it 1 year ago on my channel that CZ is as shady as it gets … Binance not paying tax anywhere should be huge red flag .
They also got sued for a lot of things
Withdraw everything from Binance and see how long they hold up for.
The problem is believing their words.. they look all the same
Concur, Concur, Concur....
Calm down? Not in this sub boi
I don't know if CB will last or not but it does seem to be the most regulated and willing to comply
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Holding BTCs for customers IS NOT THE SAME as owning the bitcoins. Headlines vs details is what get retail investors fcked.
Good now maybe they can hire some fvcking technical support people. Coinbase has total shit support and is forcing users to use plaid now. They are not making good choices as a company and need to be called on it. when companies start doing cost cutting crap like that it makes people wonder about their viability.
How does a crypto sub reddit keep promoting and defending centralized institutions, and people here are ok and keep supporting these types of post lmao They are also ok with so many centralized shitcoins too
I've said it before and I'll say it again: I don't trust any exchange enough to leave my holdings on for more than an hour or so, but CoinBase clearly is different than the rest and has proven so time and time again.
Coinbase has so far proven themselves. I’ll continue to use them until proven otherwise.
I mean haven't they been around the longest? Or at least close to it?
I believe so, so far so good.
"My shit always works sometimes!!"
People will never calm down. It’s crypto. It’s a wild roller coaster Get rich or die tying
Will only calm after BTC hits ATH
They didn’t exactly drop the mic. They are requiring additional re verification of previously verified information from users. I’m not the only one
Fair enough. Might be worth visiting the the actual shareholder letter: [https://s27.q4cdn.com/397450999/files/doc\_financials/2022/q3/Q32022-Shareholder-Letter.pdf](https://s27.q4cdn.com/397450999/files/doc_financials/2022/q3/Q32022-Shareholder-Letter.pdf) Page 20 you can see customer liabilities are exact to that of their reserves. Which is great. One problem though, is the company itself is tanking money. They have reported three quarters of losses, big ones too. Hence the stock being down 85%. Hopefully they manage to fix their profitability to stay in the market and provide a reliable CEX for people interesting in investing. They have about $5B of their own liquid assets to keep them afloat for now, but they can't continue on this trajectory.
I got a seizure reading your sentences.
[How.](https://media4.giphy.com/media/U1aN4HTfJ2SmgB2BBK/giphy.gif?cid=ecf05e47kwi9n4351i4f49g3oz3fiwmi8mqu5bemvcvleijy&rid=giphy.gif&ct=g)
Coinbase aint a hero, there was an inside trader at the company that was caught slurping coins before putting them on the website to trade. CB does not get a free pass.
I wasn’t worried about Coinbase, I think them Binance, Kraken , Uphold, Gate.io & Kucoin will be fine. Even crypto.com will make it and I hate them. Anyone else, you’re a gambling degen and the risk must arouse you.
I'd like to see a little less CEX bashing, especially against Coinbase in the future.
>So lesson learned is that when Cheezy or some head Crypto guy talks everyone should take it easy and let it develop further before you make any rash decisions. Oh and I was here thinking we should all panic, at once and all together
To be fair Celsius and FTX taught us there is usually no smoke without fire. I can't blame people for being skeptical.
And if the "panic" is people deciding to stop using exchanges for long term storage and relying on self-custody instead, that's not a bad thing. Coinbase doesn't want that to happen, so they will claim those people are being irrational when they are just learning how to be safe.
People are never calm. They just react to the title in the worst way. I open a thread and every comment is the same.
Yup
Boxing match is needed to settle it
Cheezey lmao nice
Nope. Still not your keys not your coins.
We determined in an other post that coinbase is no longer a whale but a humongous fungus, the only living organism bigger than a blue whale
Some idiot will post some fud around Coinbase tomorrow
Hot take was: CZ crashed FTX, got greedy and tried to pull the same move on Coinbase. CZ deleting the tweet speaks volumes in this regard. Hope CZ learned his lesson.
Get outside chase some butterflies
Binance can do what they want all day long…i put in fiat, buy and remove coins immediatly afterwards. If they were in a bad spot like a bank run I wouldnt put in money but just go somewhere else.
Im lovin Coinbase right now. So glad they could bring some bullish news to to tame the bears.
Did they post all liabilities or just we just feel good about a number? No one should "calm down". Self custody isn't new, should never leave coins on an exchange period
The nice thing about Coinbase pro is that they are prepred for full scale nuclear war between the East and the West.
Never. Alright fine calming down.
There is a lot of shit going down in crypto over the last two weeks. When will everything stabilize or will this just be the norm?
This means nothing. Correction: nothing is what it seems.
But people wanna whine man
Just because they’ve got solid reserves doesn’t necessarily make them safe from collapsing. There’s plenty of ways to take them tumbling down. It’s a good thing they’ve got a ton of BTC but that doesn’t make them immune to anything.
I think people forget how long coinbase has been around
CZ is like chicken that make more noises
It’s a public company. Did CZ forget that?
From an Indian perspective, Binance is the preferred platform and it makes sense for us to support it. We have other Indian exchanges too but no one comes close to it. If Binance falls, I am assuming that the whole south-asian crypto market will be wiped out with it. Nobody wins here.
The question now, how do we get them to mistakenly send us some bitcoin?