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Coinbase

Coinbase makes it easy to buy crypto using fiat currency. It also operates GDAX, an exchange for professional trading.

Coinbase people

Cryptocurrency reviews from the executives, employees and alumni of Coinbase

photo of cryptocurrency expert Brian Armstrong
Brian Armstrong

Co-founder and CEO at Coinbase

photo of cryptocurrency expert Olaf Carlson Wee
Olaf Carlson Wee

Founder & CEO of Polychain Capital

photo of cryptocurrency expert Fred Ehrsam
Fred Ehrsam

Board of Directors at Coinbase, Previous Co-Founder of Coinbase

photo of cryptocurrency expert Preethi Kasireddy
Preethi Kasireddy

Founder and CEO at TruStory

photo of cryptocurrency expert Charlie Lee
Charlie Lee

Creator of Litecoin

photo of cryptocurrency expert Balaji Srinivasan
Balaji Srinivasan

CTO of Coinbase

photo of cryptocurrency expert Nick Tomaino
Nick Tomaino

Founder at 1confirmation

photo of cryptocurrency expert Fred Wilson
Fred Wilson

VC at Union Square Ventures

photo of cryptocurrency expert Linda Xie
Linda Xie

Co-founder and Managing Director at Scalar Capital

Reviews by Coinbase people

πŸ”‘ 33 positive | πŸ’© 12 negative

πŸ”‘

I don't have a view on what the ultimate value of a Bitcoin will be nor do I care. I am interested in Bitcoin plain and simply because I believe it can be and possibly will be the financial and transactional protocol for the global Internet.

2013-11-24 | Full Review

πŸ”‘

I like Stellar better than Ripple. Both are more centralized than PoW coins like Bitcoin and Litecoin. I don't think it's a scam. :D

2018-01-29 | Full Review

πŸ”‘

Monero (symbol XMR) is the current leader of the privacy-focused digital currencies.

2017-01-03 | Full Review

πŸ”‘

Late last year, USV invested in Numerai, a hedge fund that uses data scientists all around the world to β€œcrowdsource” stock price predictions. I blogged a bit about Numerai then.

If that business model wasn’t cutting-edge enough for you, the Numerai team has now gone a step further and issued a crypto-token called Numeraire to incent these data scientists to work together to build the best models instead of just competing with each other.

2017-02-22 | Full Review

πŸ”‘

The success of Tether, despite severe flaws in centralization and lack of transparency, is the only rebuttal necessary. There’s strong demand from the crypto community for a decentralized stablecoin; that is undeniable.

2017-12-16 | Full Review

πŸ”‘

One of the few coins I'm excited about, with an innovative solution to decentralized governance. Decred is basically Dash done right. πŸ˜‚ Consensus is more decentralized than Dash and is enforced.

2017-03-15 | Full Review

πŸ”‘

Decred provides unique features that are not currently available to Bitcoin and has a strong focus on development.

Linda Xie, Co-founder and Managing Director at Scalar Capital

2017-10-16 | Full Review

πŸ’©

How did [Cardano] become a $10B coin when it's only 3 months old and the only major exchanges trading it is Bittrex and Binance and without even any fiat trading pairs?

Either the market is crazy or Cardano will end world hunger.

2017-12-16 | Full Review

πŸ”‘

0x is pretty interesting.

2017-08-16 | Full Review

πŸ”‘

0x is a great project, there is a lot of hype around it though. Wouldn’t call it underrated

2018-06-03 | Full Review

πŸ”‘

0x is an exciting project with a strong team focused on development.

Linda Xie, Co-founder and Managing Director at Scalar Capital

2017-07-03 | Full Review

πŸ”‘

To be clear, I don’t think Steem has this all figured out. I don’t own any Steem (or at least I don’t think I do). And I think they have made things a bit too complicated with their tokens and incentives. To their credit, they have taken steps to simplify things, and they are headed in the right direction.

2017-01-05 | Full Review

πŸ”‘

I took a look at Nano currency recently. Pretty neat. Every account has its own blockchain. It focuses on fast and free transactions for payments. Uses PoS for double-spend protection and PoW to fight spam. The challenge is to keep it decentralized.

2018-02-28 | Full Review

πŸ’©

To be honest, BCH can compete well against LTC to be Bitcoin's silver. But their arrogance wouldn't let settle for second. Their current strategy is winner take all against Bitcoin, and they will lose because of these reasons:

Perpetual onchain scaling destroys decentralization

2017-11-12 | Full Review

πŸ’©

Verge mining is being exploited again. Someone has 51% attacked and taken over the Verge network again. Pornhub transactions are being reversed! πŸ˜‚

2018-05-22 | Full Review

πŸ”‘

When product usage is growing despite a mediocre UX, it is typically a good idea to start paying attention if you're an entrepreneur or investor (see BTC over the past 9 yrs).

It is still quite early, but feels like @augurproject is on to something

2018-07-17 | Full Review

What is the problem NEM is solving and for whom?

The qualifier to my statement was β€œuseful” products. I don’t know anyone who finds NEM useful, but that’s why I made the list.

2018-06-03 | Full Review

πŸ”‘

MakerDAO is more than a stablecoin project. Trustless margin trading provides public information previously only accessible to exchanges

2018-06-17 | Full Review

πŸ’©

Yeah, because Dash is trash. πŸ˜€

2018-01-10 | Full Review

πŸ”‘

All private transactions. More tested privacy tech [than Zcash]. No tax on miners to pay investors. No high inflation . . . better investment.

2017-09-29 | Full Review

πŸ”‘

Numerai is one of the first examples I have seen where the clear endgame is a product for AIs.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2016-12-14 | Full Review

πŸ’©

If all of us who own Ethereum could go to [Vitalik Buterin] and say, β€œLook, this thing you got in Switzerland is not working. Fire these fuckers who don't know what the hell they're doing, and put someone great in there who could build this thing into a monster”—then that's what we would do. There's no mechanism to do that, and that's painfulβ€”just sitting here, holding that asset and watching them whittle the value of the asset away.

2018-10-23 | Full Review

πŸ”‘

Ethereum makes it so simple to issue these tokens that they are the first example in the Ethereum tutorial! Nevertheless, the ease with which Ethereum-based tokens can be created does not mean they are inherently useless. Often these tokens are a sort of public IOU intended for redemption in a future new chain, or some other digital good.

2017-05-27 | Full Review

πŸ”‘

Bitcoin is one of the most important inventions of all time and has launched a global movement. It's awesome to see an entire ecosystem spring up around it, but Bitcoin is my first love.

Bitcoin remains the most popular asset on Coinbase among new customers and longtime hodlers alike. It's great to see steady progress continue, including lightning network adoption and more.

I believe we’re still at the beginning. The white paper signaled the start of a movement and the full promise of Bitcoin is still yet to be realized.

2019-01-03 | Full Review

πŸ’©

A Bancor wallet got hacked and that wallet has the ability to steal coins out of their own smart contracts. πŸ€¦β€β™‚οΈ

An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It's a false sense of decentralization.

2018-07-10 | Full Review

πŸ’©

Be careful with coins that are not dominant in their respective mining algorithm, especially ones that are NiceHash-able. ETC has less than 5% of the total Ethash hash rate and is 98% NiceHash-able. 1-hr attack costs $5k. Almost $500k has been double spent.

2019-01-07 | Full Review

πŸ’©

The fact that [hard forking to fund operations] was even considered at all is a HUGE concern IMO. Developers and creators have a lot of influence and they have to be careful.

2017-07-11 | Full Review

πŸ’©

Bitcoin Gold got 51% attacked. Miners have no issue with attacking BTG because if it dies, they could easily switch to mine another coin that also uses Equihash POW.

2018-05-24 | Full Review

πŸ”‘

My view is that the centralized collateral approaches (TrueUSD and Digix being the two most well-known) are not socially scalable enough to be liquid on a global scale in the long run, but they could serve certain customer bases and also be good collateral for more decentralized approaches.

2018-05-23 | Full Review

πŸ”‘

Tezos is a remarkable project because it enables coin holders - the true owners of the network - to align interests around improving the protocol through on-chain governance. In 2018, Tezos is going to amaze everyone.

2018-03-03 | Full Review

πŸ”‘

I believe that Ethereum, Tezos, and other smart contract platforms will coexist as they each aim to serve different purposes and the token holders have different ideals. When cross-blockchain infrastructure like Cosmos and Polkadot are fully developed, we will hopefully see Ethereum and Tezos tokens move freely between both platforms.

Linda Xie, Co-founder and Managing Director at Scalar Capital

2017-08-03 | Full Review

πŸ”‘

Ethereum was the first thing to me to come along [after Bitcoin] and create something with capabilities so new that it was worth adding [to Coinbase]. Allowing arbitrary programs is amazing, fiddling with block time/inflation rate is not.

[T]he future is thousands/millions of cryptoassets like we have millions of apps and websites but very few base networks. This mostly looks like assets being built on top of Ethereum at the moment.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2016-07-22 | Full Review

πŸ”‘

[B]itcoin as a payment system is just one of the potential applications of the network. To cap Bitcoin’s value here would be like saying that the Internet, in the early days, was only as valuable as its ability to send email in a more efficient way than fax or snail mail. Bitcoin is valuable as a currency because of the economic efficiencies the Bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the Bitcoin network, and thus Bitcoin as a currency, valuable.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2014-01-02 | Full Review

πŸ”‘

The Internet enables decentralized distribution of data. Bitcoin enables decentralized proof and transfer of ownership.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2014-01-02 | Full Review

πŸ”‘

1) Bitcoin alone now routinely moves hundreds of millions of dollars per day
2) Yet some say there are β€œno use cases” for crypto

Key point: not all of that volume is trading. At least some is for paying remote workers, international remittances, etc.

2018-12-03 | Full Review

πŸ’©

I was adamantly against the DAO hard fork for this moral hazard reason [of having previously hard forked to resolve a hack]. Ethereum is no longer unstoppable code as advertised on their website. How much in $/% is enough to do a [hard fork]? And who gets to decide? No longer uncensorable payments.

2017-11-07 | Full Review

πŸ”‘

Bitcoin took off because it preached Ideology. Ethereum took off because it preached Practicality.

The fallacy is in thinking one is RIGHT and the other is WRONG. A new social construct needs BOTH.

2019-01-21 | Full Review