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Author Topic: Why Coinbase’s Move Into Proof of Stake Matters?  (Read 45 times)
Gull fatima
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September 05, 2019, 11:48:43 AM
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Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further?
where the recent move by Coinbase comes in?
On the other, Tezos holder and veteran crypto investor Meltem Demirors tweeted that Coinbase Custody could become a “wallet-driven proxy voting platform that influences, gathers, aggregates, and reports on user behavior
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The Pharmacist
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September 05, 2019, 01:05:22 PM
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I think this thread is probably in the wrong section--maybe move it to Exchanges or Altcoin Discussion?

Anyway, the title caught my attention since I'm a fan of PoS coins (though I don't own much right now).  Unfortunately, I have no idea what you're talking about as far as Coinbase's involvement goes.  It'd be a good idea if you provided a link or more information about this--and when starting threads about newsy items like this apparently is, it's a good idea in general to do that.

I'm not a fan of Coinbase anymore, btw, but I can't deny that they're kind of important in the crypto world.  Not sure what they're doing with PoS coins, but it could be a positive thing.

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September 05, 2019, 01:16:20 PM
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I think this thread is probably in the wrong section--maybe move it to Exchanges or Altcoin Discussion?

Anyway, the title caught my attention since I'm a fan of PoS coins (though I don't own much right now).  Unfortunately, I have no idea what you're talking about as far as Coinbase's involvement goes.  It'd be a good idea if you provided a link or more information about this--and when starting threads about newsy items like this apparently is, it's a good idea in general to do that.

I'm not a fan of Coinbase anymore, btw, but I can't deny that they're kind of important in the crypto world.  Not sure what they're doing with PoS coins, but it could be a positive thing.

Here you go:

https://www.coindesk.com/why-coinbases-move-into-proof-of-stake-matters

Those news are a bit outdated actually (from Apr 16, 2019) and OP just copied parts from that article.

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September 05, 2019, 01:50:46 PM
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So Coinbase will be offering staking support, so this will encourage more people to leave their coins on coinbase.  Not a fan of people leaving all their coins on CB.

Overall I like pos a lot because it uses less electricity but many hardcore bitcoiners only want pow and would never consider any pos coins.  I would rather reward holders instead of miners that dump on everyone.
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September 05, 2019, 02:10:07 PM
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Not a fan of people leaving all their coins on CB.
I'm not, either.  Nor would I keep any coins with Coinbase in order to stake them.  That's actually a service Binance provides with NEO, and I think KuCoin does the same.  I've no doubt it would appeal to a lot of people, but it's risky to say the least.  Nobody should be keeping coins on an exchange for an extended period of time.

Those news are a bit outdated actually (from Apr 16, 2019) and OP just copied parts from that article.
Thanks; I was being lazy but I also wanted OP to hear my suggestion.  I think he also needs to provide a link, else it's copy/pasting.  Don't know if anyone reported this already.

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