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"I get this bad feeling that someone (author of the article) is planning a takeover and for all the wrong reasons."

The author of the article is the CEO of Coinbase. They want Bitcoin retail-sized transactions to clear fast, so their exposure to Bitcoin price variations is low. Coinbase guarantees the price of Bitcoin for several minutes when merchants use their service. The longer they have to hold those Bitcoins, the more risk they take.

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Yeah, so they want to make more money. Is that necessarily best thing for the bitcoin as a whole? Just for full disclosure I have my bitcoins over at Coinbase.

I have my bitcoins over at Coinbase.

Please transfer your money back under your control. That's the whole point of bitcoin. You won't be able to do this when problems happen.

I mean, if it's only a few hundred dollars in BTC, it doesn't matter much. But it's a terrible feeling to lose way more than that.

Here's a recap of Coinbase's problems over the years, in case it matters: https://news.ycombinator.com/item?id=8947926

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