Coinbase from YC to DPO

Re:Coinbase from YC to DPO by ROARosen on Wednesday April 14, 2021 @04:38PM (#26812735)

So if their business model is raking it in by selling pumped-up speculation, and the pumped-up speculation market is a growing sector, then that's what is called an efficient business model which has nothing to do with the fact that markets are 'efficient'.

Also, since when does anyone care if casino's business is based on pumped up gambling. As long as there are millions of transactions going on, the business model will stay 'efficient'.

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Re:Coinbase from YC to DPO by pjc50 on Wednesday April 14, 2021 @04:56PM (#26812956)

Unfortunately this is right. It doesn't matter whether it's rational or not, but it's definitely profitable. At the moment.

Given we have financial crises in the global economy on roughly a decade basis, and the last one was 2008, there might be another one soon ..

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Re:Coinbase from YC to DPO by mandeepj on Wednesday April 14, 2021 @05:13PM (#26813181)

Not really. We already had one - COVID + decade of economy reset cycle - combined rolled into one. Next one - will not happen (probably) until at least 2027\2028

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Re:Coinbase from YC to DPO by narrator on Wednesday April 14, 2021 @05:18PM (#26813232)

Getting people to overpay for entertainment is a great business model.

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Re:Coinbase from YC to DPO by rgifford on Wednesday April 14, 2021 @04:43PM (#26812809)

> As long as there are millions of transactions going on, the business model will stay 'efficient'.

I have a timeshare to sell you.

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Re:Coinbase from YC to DPO by ROARosen on Wednesday April 14, 2021 @04:50PM (#26812884)

Last time I checked timeshares were a shrinking sector. My advice to you is: consider pivoting your biz model to crypto brokerage.

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Re:Coinbase from YC to DPO by J5892 on Wednesday April 14, 2021 @04:55PM (#26812948)

That's a saturated market.

The real money is in crypto-timeshares.

We have all the advantages of a timeshare business, and also blockchain.

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Re:Coinbase from YC to DPO by fosk on Wednesday April 14, 2021 @05:12PM (#26813161)

I mean, re-read that 2-3 times.

With the emergence of a new group of people that have massive crypto reserves at their disposal, paying for a timeshare in crypto would make that asset accessible to them natively.

It’s not a bad idea. If crypto is a new paradigm, the world will need crypto-XYZ to appeal to that crowd. Cars (Tesla), and timeshares are among them.

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Re:Coinbase from YC to DPO by narrator on Wednesday April 14, 2021 @05:23PM (#26813295)

To Predict the Future: Think of the dorkiest idea you can. In the 2000s this was:

* Completely made up digital money with no government backing that you have to convince some sucker to take so they give you two free pizzas.

In the 90s this would be:

* Keeping track of your friends on your computer!

* Carrying a computer around that you use to take pictures of yourself and send them to friends!

In the 80s this was

* Electronic music without words.

* Reading books on your computer

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