Re:Coinbase to go public on 4/14
by xiphias2 on Friday April 02, 2021 @12:52PM
(#26673191)
Most people don't understand Bitcoin, and they get their references from the gold rush.
Here the situation is different: in the gold rush gold circulation went up, and gold was devalued, so mining that was even worse business than mining Bitcoin.
The problem with Coinbase is the Coinbase vs Coinbase Pro distinction and the huge margins for the Coinbase product that I expect to go down when people realize it.
Here the situation is different: in the gold rush gold circulation went up, and gold was devalued, so mining that was even worse business than mining Bitcoin.
The problem with Coinbase is the Coinbase vs Coinbase Pro distinction and the huge margins for the Coinbase product that I expect to go down when people realize it.