Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile Personal Message (Offline)

Ignore
August 02, 2016, 02:20:32 AM

when did all this coinbase crap start? they're backed by some of the hugest guns in finance. I know people here love bashing them but them dying out of nowhere is a long shot however you wanna look at it.

if I was running coinbase i'd shut the place down purely to piss off all the whining bitcoiners.

It's just pure fud.  Bitcoiners don't realize how much we need coinbase.  

we dont need coinbase? why do we need coinbase?

what we NEED is a decentralized USD/BTC market.



Adam, please don't be shortsighted to the absolute need for as many viable/legal onramps for Average Joe to be able to easily buy (and sell) Bitcoin, everywhere and any time, in every country.  Otherwise there will never be user growth.

No we don't need one entity for this, but you could argue that Coinbase has made more inroads in the U.S. states (where KYC/AML compliance is ridiculous) than ANY other company, than many other broker companies combined. Not to mention their growth into other countries.

So for that reason alone, yes we need Coinbase. Because if a company like Coinbase can't do it in the U.S. and be successful, then no other company will be either.