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Matt Odell

Matt Odell is the co-founder of CoinPrices, a site that delivers news and analysis on cryptocurrencies.

Reviews by Matt Odell

All coin and product reviews by expert Matt Odell.

  • Matt Odell on Nano Co-founder of CoinPrices

    The incentives seem broken. If Nano is successful, then the representative nodes are going to cost a lot of $$ to run, and they don't get paid. As a result, I think the network will remain centralized.

    Full review 💩
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  • Matt Odell on New Economy Movement Co-founder of CoinPrices

    By flagging/freezing the stolen funds, the NEM Foundation has proven what many of us have suspected for awhile now: NEM is way more centralized than it appears at first glance.

    With so much control over the network, the NEM Foundation is now a target for regulators.

    Full review 💩


  • Matt Odell on Dash Co-founder of CoinPrices

    some chains are setup in a way that either intentionally or indirectly create an incentive to game the gini coefficient.

    Mostly PoS & MN chains. Dash for instance requires you to split up funds in 1000 dash chunks to run MNs. Makes rich list look way more distributed.

    Full review 💩


  • Matt Odell on Bitcoin Cash Co-founder of CoinPrices

    Any of the top 7 Bitcoin mining pools can already easily 51% attack the Bitcoin Cash chain at any time.

    That number will increase to the top 9 pools during the fork as BCH hash is split up among the two competing chains...

    Full review 💩


  • Matt Odell on USD Coin Co-founder of CoinPrices

    I don't think USDC will implode. I just don't think it is very useful. It's mostly just a marketing gimmick.

    Full review 💩
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  • Matt Odell on Stellar Co-founder of CoinPrices

    Why is Stellar a shitcoin?

    - 1. Too centralized to ever be truly censorship resistant.

    - 2. Will probably be regulated into obsolescence eventually.

    - 3. Airdrop required KYC.

    - (4) Centralized tokens running on your chain don't add value, they can switch chains relatively easily.

    Full review 💩
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  • Matt Odell on Augur Co-founder of CoinPrices

    Augur is the type of project you should launch anonymously without a centralized kill switch.

    The only reason they didn't go that route was because of $$$. Anonymous teams don't get those big ICO hauls. Extremely shortsighted.

    Full review 💩


  • Matt Odell on Ethereum Co-founder of CoinPrices

    If Infura goes down (or is shut down), the Ethereum network will grind to a halt.

    Running an Ethereum node is expensive, so many (most?) companies/DApps have chosen to outsource that responsibility to Infura rather than run one themselves.

    Full review 💩


  • Matt Odell on Bitcoin Gold Co-founder of CoinPrices

    Verge, Bitcoin Gold, MonaCoin, and now ZenCash have all been attacked recently because they are PoW chains that are primarily mined by GPUs. The game theory that backs Bitcoin's security is broken [on other chains] when you can use your hardware on multiple different chains.

    Full review 💩


  • Matt Odell on Bitcoin Co-founder of CoinPrices

    The environment was fucked long before Bitcoin came around and would continue to be fucked if bitcoin spontaneously combusted.

    A permissionless global free market for energy is a net benefit that leverages human greed to reduce waste and boost efficiency on a global scale.

    Full review 🔑
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  • Matt Odell on Binance Coin Co-founder of CoinPrices

    BNB is a centralized security token for an exchange that is actively breaking US laws. You also have to trust that binance is reporting their financials accurately.

    BNB could become worthless without warning due to gov action, exit scam, fraud, or theft.

    Full review 💩
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  • Matt Odell on Kin Co-founder of CoinPrices

    I honestly wouldn't be surprised if the whole purpose of Kin - since the beginning - was to be used as a test case for USV. It was a failing portfolio company anyway, may as well use it as cover for your other investments and possibly make some money along the way.

    Full review 💩


  • Matt Odell on EOS Co-founder of CoinPrices

    EOS transactions aren't free. Fees are socialized among all users through inflation.

    This isn't education. This is fraud.

    Full review 💩


  • Matt Odell on XRP Co-founder of CoinPrices

    The main value prop of Bitcoin is immutability and censorship resistance. XRP doesn't provide either, [Ripple CEO Brad Garlinghouse] admitted as much on the pod.

    So why would XRP accrue value? What's the purpose of the token besides dumping on retail? You don't need a token to create Paypal 2.0.

    Full review 💩