notdevin

Good morning, this is your now semi regular reminder that Coinbase hasn’t invented anything novel in crypto, unless you consider recreating centralization on a blockchain as novel. 

Their existence here is one of cronyism and centralization, and a shitty a wallet.

This is your reminder that the founding team of Coinbase went all in on crypto when Bitcoin was under $100 and are true believers in the technology.

Almost all companies today don’t have that kind of pedigree. You can argue the execution but to argue the intention is disingenuous at best.

If you’re a true believer you trust yourself to steward/shepard the transition into the new era. Without Coinbase it’s a bunch of tech nerds preaching about their niche cult.

Coinbase is a force for good. Coinbase helps the world move on chain. Do they rip your eyes out on the trade from fiat? Sure but I remember when I first moved in I didn’t care. It was the cost of having a reliable entity like Coinbase.

They’ve brought more people on chain than basically everyone. (Ofc as believers we all understand this was inevitable haha.) Criticize the execution all you want but you don’t go all in building a company on Bitcoin sub $100 unless you truly genuinely believe in the technology.

c/acc - 🏴‍☠️🌊 Bring me that Horizon 🍹
Gold League of Legends player ✨hello✨
http://icebreaker.xyz/syed.fc

I don’t think centralizing is better than not centralizing. 

They get to do whatever they want but what they do is counterproductive to purpose of the technology.