The Airdrop: Only Coinbase can create an altcoin that beats Bitcoin.

[niran]

I wrote a short story about what would happen if Coinbase released an altcoin.

On the Bitcoin community’s last day of referring to themselves as “the Bitcoin community,” the hottest topic was the new altcoin that Coinbase had released. In retrospect, the company blog undersold the coin a bit.

Today, we’re happy to announce Basecoin, a new currency we’ve developed to complement Bitcoin. At it’s core, it’s built on top of Litecoin, a popular Bitcoin alternative, with a few important differences.

Read the rest: http://niran.org/bitcoin-fiction/the-airdrop.html

I'd love to hear your feedback.

[rkirkman]

Fooled me! I found your article before tracing it back here. Searched all over Coinbase! lol. Good job.

[jcoin200]

Why doesn't coinbase just start implementing Litecoin?  The creator of Litecoin already works for Coinbase!

[frankenmint]

Why doesn't coinbase just start implementing Litecoin?  The creator of Litecoin already works for Coinbase!

Same reason Bitpay Wont = Core competencies.  These companies are striving to become the best juggernaut Oligopoly companies that they can...trying to become the next Google/Apple/Microsofts of Bitcoin payment processing.  They won't bother with "low hanging fruit"  If anything...they would rather bootstrap a subsidiary startup altogether like Litepay or Litebase...I wish it weren't so...Just saying 

[CoinMode]

Why doesn't coinbase just start implementing Litecoin?  The creator of Litecoin already works for Coinbase!

Coinbase went from 200k to 700k users in two months. I think they have their hands full at the moment.

[hellscabane]

Why doesn't coinbase just start implementing Litecoin?  The creator of Litecoin already works for Coinbase!

Same reason Bitpay Wont = Core competencies.  These companies are striving to become the best juggernaut Oligopoly companies that they can...trying to become the next Google/Apple/Microsofts of Bitcoin payment processing.  They won't bother with "low hanging fruit"  If anything...they would rather bootstrap a subsidiary startup altogether like Litepay or Litebase...I wish it weren't so...Just saying 

This is a good amount of truth in this. After all, LTC is around 1/20 of the BTC cap. The shrewd business decision is to continue investing in your market share of the market with the larger cap and then acquiring the companies that address the markets with smaller caps. As a starting point, since there were already so many compliance and legal issues the first time around with BTC, why would they want to jump into that foray again with other alt-currencies?