[2016-07-23] Bitcoin, The Bell Tolls For Thee

[hendra147]

If you think about it from a crypto economics perspective, what happened to Bitcoin this week with the inclusion of Ethereum on Coinbase is frankly devastating to Bitcoin’s brand image - and utility.

Coinbase, founded in 2012, sitting on a fat 4.1 million customer userbase, and backed by some of the deepest pockets in Silicon Valley... the crypto services giant had always been staunchly a believer in Bitcoin exclusivity until this week’s rollout.

As wildly exciting as the Ethereum community and ecosystem are becoming, in the back of one’s mind was the realization that it is still not in the same league as Bitcoin - can’t move it onto Coinbase and have it in my bank account as fiat currency the next day. Can’t buy it on Coinbase with a MasterCard instant buy.

http://www.huffingtonpost.com/david-seaman/bitcoin-the-bell-tolls-fo_b_11148312.html

[DooMAD]

Pffft.  Altcoins being added to third party wallet providers is no threat to Bitcoin.  Several large exchanges clear around 10000 BTC in daily volumes for ETH (sometimes over 50k) and Coinbase simply fancied a slice of that cake.  That's all there is to it.  If anything, it could be a threat to other Alts, but the fact that the most commonly traded pair is BTC/ETH means it's good for both coins.

[TraderTimm]

Every time some Ether-fan-boi speaks, its always about the piles of money they manage to extract from their participants.

That didn't work out so well for the DAO, did it. But now, since they're hard-forking for a "giveback", everything is A-OK, right? Are these people really that obtuse? You've turned your turing-complete-wreck of a coin into a populist laughingstock, and you STILL think that means you're "gaining" somehow?

I just can't fathom these compute-coin hucksters - first they say "code is the contract" then "oops, no it isn't - only when we say it is".

What a farce.