[pkill17]

Coin stood by nothing, not even their early backers. I'm genuinely upset they got our money and sold out, making more money. I wish they went up in flames and died out for the horrific user experience I and other backers experienced.

[jasonlaramburu]

Coin had a raised a decent amount of Venture Capital, so it's likely there were other stakeholders and voices at the table in the decision. It's not uncommon for a VC to demand a board seat when they lead a funding round, and it's also not uncommon for a VC with said board seat to push for a modest exit to cover their downside when things aren't working out.