Super Conservative COINBASE is getting backlash

in #coinbase7 years ago

Hello Steemit Community,

After my morning coffee I came across this article:

http://www.businessinsider.com/coinbase-investors-think-rejecting-bitcoin-cash-hard-fork-make-platform-stronger-2017-8

The Author Becky Peterson makes a few points that concern me:

1st- She states Mass Exodus of Coinbase users. What exodus? There is ZERO public data of individual users that have left Coinbase. ALSO she mentions that it took users more 12 hours to withdraw there bitcoin. Of course there was a huge delay because this BTH Fork was determined super super LAST min. 5 days before the fork, users were 90% sure that Segwit 2x would activate.

2nd-She points out that Coinbase ONLY supports three currencies. Why is that in issue?? That should not be an issue If you understand the core business model and have used Coinbases service. Coinbase is super conservative company and is super REGULATED by the government. Any company that is heavily regulated by the government has to make slower decisions vs a company that is not regulated by the government.

One positive I see about this article is that is free marketing for Coinbase. At least they are getting there name out to the masses.

Cheers,

Ryan 17

Sort:  

Coinbase is neither good nor bad...or more bad than good...

I guess the latter is true ☺

Good point.

Congratulations @ryan17! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 94927.30
ETH 3526.90
USDT 1.00
SBD 3.83