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by capableweb 1477 days ago
Coinbase is probably the least shady cryptocurrency company there is. And they'll make profits on people both buying and selling cryptocurrencies, so which way it goes day-by-day matters less, unless it all goes to zero of course.
2 comments
nicoburns 1477 days ago
> the least shady cryptocurrency company there is

Unfortunately that's not saying very much!

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Melting_Harps 1477 days ago
> Coinbase is probably the least shady cryptocurrency company there is.

This is simply not true, from CASH, to Gemini and Kraken (even Binanace) have not had this level of continued 'shadyness.'

Just because they appeal to the lowes common denominator and have a large presence in the US and out doesn't mean they are the least shady by a large extent: I still argue BTC-e was the most honest and upfront exchange which got taken out by the FBI despite operating in an entirely different justification (RU).

With that said, we need to shift to decentralized exchanges: BISQ is where people should be by now.

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peanuty1 1477 days ago
CASH as in Cash App?
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Melting_Harps 1477 days ago
Correct, Jack Dorsey is one of the biggest proponents of Bitcoin so it's limited to BTC, but yes... that app has Bitcoin purchase and withdraw enabled after some KYC/AML checkpoints. It's been a unicorn within a unicorn [0] and has led to launch of Block, and what will be the production environmentally focused miners with a partnership with Blockstream and Tesla and the battery packs just landed last week [1].

The fees are higher than the aforementioned exchanges, but this is what is being built out, and I have now problem with that at all as an early adopter.

0: https://protos.com/square-bitcoin-jack-dorsey-fintech-cash-a...

1: https://electrek.co/2022/05/26/tesla-delivers-megapacks-bitc...

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