21 sats \ 2 replies \ @grayruby 4 Dec 2023
Especially bad since Coinbase hates bitcoin.
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10 sats \ 1 reply \ @kr OP 4 Dec 2023
I don’t think they hate Bitcoin at all, I think ETFs actually give Coinbase a huge opportunity to build a strong business by focusing on Bitcoin.
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543 sats \ 0 replies \ @grayruby 4 Dec 2023
It's a love hate relationship. They love Bitcoin because that's where the majority of their profit comes from. They hate bitcoin because it puts a sledgehammer to the "crypto" narratives they shill. Coinbase would prefer Bitcoin didn't exist.
The CEO didn't know how to do a transaction over lightning and the guy they put in charge of lightning research admitted that he hadn't looked at it in years and just blindly accepted all the crypto tropes about lightning.
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0 sats \ 0 replies \ @brianh 4 Dec 2023
centralized as fuck!
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0 sats \ 0 replies \ @BitcoinIsTheFuture 4 Dec 2023
Horrible fees on just holding the ETF by anyone, then your financial advisor will take a cut too. Pure garbage!
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0 sats \ 0 replies \ @02199b468b 4 Dec 2023
Easy pickings for the U.S. Government in 2026 though
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0 sats \ 0 replies \ @nitter 4 Dec 2023
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