Bit of a blackpill that Coinbase has no economic incentive to decentralize their sequencer

Or am I incorrect in this premise? Max Resnick tweets are blackpilling me. In general why would Coinbase ever make any decision re Base that is not in the interest of shareholders?

Only argument I see is that decentralizing would hypothetically “grow the pie”. 

But if we are of the opinion that new users don’t care about decentralization, and crypto will all be abstracted away or whatever, then why would it grow the pie?

Genuine Qs

Base is fundamentally useless if they choose to not decentralize. This is the entire point of Ethereum. If they didn’t it would destroy the value of the platform.

growth @teller coming soon @clarity





























































hosting /kieran /usdc /loans 

I don’t think this is true, it’s not decentralized now and people use it plenty

This is a first cycle mentality. When (not if) there is a banking collapse and when the surveillance state takes its full grip, the only thing that will matter is decentralization and zk privacy.