Thoughts on Coinbase and Decentralization?

[kareninsf]

Hi everyone,

I'm just curious what your thoughts are about Coinbase and decentralization.  Coinbase often emphasizes that they love decentralization, but why do they sell tracking tokens instead of bitcoin? I am being serious.
Thanks

[addict4bitcoin]

Its not that hard to dump those coins for others on a different exchange and then have coins without a coinbase history

[squatz1]

Its not that hard to dump those coins for others on a different exchange and then have coins without a coinbase history

I mean I highly doubt people care that much about where their coins come from, that's like when you'd get bothered if you were to think about all of the places that your CASH has been. It could've been used in drug deals, but we would never know.

Coinbase has really been doing some shitty things and they're dooming themselves, they've gotta pull it together and focus on expansion and making their servers better + support. Instead of just screwing with the market to make money for the ones at the top of the market.

[TimtheYoutuber]

Coinbase and decentralization.


Confused as to what you are asking, because Coinbases platform is not decentralized and is centralized. You dont own your private keys when you have coins on Coinbase.


Coinbase does offer bitcoin, and likely doesnt offer Monero or any privacy oriented likely because there is not a whole lot of demand for it.

[stompix]

Hi everyone,

I'm just curious what your thoughts are about Coinbase and decentralization.  Coinbase often emphasizes that they love decentralization, but why do they sell tracking tokens instead of bitcoin? I am being serious.
Thanks

What "tracking tokens" is Coinbase selling?
Please don;t start with the whole bitbet drama....that was the wallet not the exchange.

And the whole thing is a mess that makes no sense.
Coinbase is a platform that is offering services.
Bitcoin is a currency that Coinbase offers services for (purchase and sell).

Decentralization does not work when fiat is involved.
And after all, looking back the news from the last decentralized exchange aren't that nice.

[kareninsf]

"What "tracking tokens" is Coinbase selling?
Please don;t start with the whole bitbet drama....that was the wallet not the exchange."

"And the whole thing is a mess that makes no sense.
Coinbase is a platform that is offering services.
Bitcoin is a currency that Coinbase offers services for (purchase and sell)."

"Decentralization does not work when fiat is involved.
And after all, looking back the news from the last decentralized exchange aren't that nice."
[/quote]

Coinbase  tracks where you send bitcoin to and from- if they don't like it they close your account- I'm not talking about sending from darknet sites or anything criminal or nefarious-  I don't know why they do it....but it is control- That does not sit right with me at all. I think they are trying to become like a world bank for crypto. They are up to bad things- watch out