Kyle McCollom
@kyle
We don't need new apps to bring 10M new users onchain. There's a parallel path that no one is talking about: 10% of the 100M monthly CEX traders will trade onchain as CEXs suddenly "list" every DEX-based token. Only possible now due to web wallets. https://www.kylemccollom.com/10m-new-onchain-users-with-no-new-apps/
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robin :•>
@robin
are you suggesting DEX tokens be listed on coinbase.com proper?
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Kyle McCollom
@kyle
Yes - on all CEXs, including Coinbase. These exchanges already have token details pages for DEX tokens - those pages would become tradable because the tokens would be "listed" using passkey-based web wallets, DEX liquidity, and magic spend.
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robin :•>
@robin
this is a cool idea! i assume there will still need to be a ton of disclaimers informing: 1. the token is in no way sponsored or vetted by coinbase 2. trading will occur through a separate, self-custodial wallet, not their CB account (requiring some kind of onboarding) biggest risk is retail users having an even easier way to offer exit liquidity for scam projects
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Kyle McCollom
@kyle
I’m betting buying scam tokens will be blocked in the UI. And will require setting up CBSW - a task much much easier than CBW.
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robin :•>
@robin
> scam tokens will be blocked in the UI problem is this brings us back to square 1: some team at coinbase needs to judge whether a token is a scam, akin to listening team
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Kyle McCollom
@kyle
Same happens for token balances, NFTs, and dapp links.
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Kyle McCollom
@kyle
CBW also already blocks buying of scam tokens.
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