Yes, they actually said that.
But let's look at Trading View for example. A social network built around trading software. They already have tight integrations with a few brokers, what if they did their own orders?
I'm no fan of Coinbase but this is a weak argument.
Feels much safer than open sea which is constantly hacked and I trust more than GameStop who says they are also launching and NFT store.
Plus, this helps decentralize in two ways:
Firstly, it lessens monopoly power over the NFT space by OpenSea.
Secondly, Coinbase itself is now introducing its first web product with decentralized logins.
This is good for decentralization, not bad.
These relatively new technologies and structures have consequences that we're only just beginning to understand, so it's no wonder that laws are lagging.
People all in here claim to be "anti-authority" and "anti-fascist" but can't resist their impulse to control others' behavior.
Trading-view does integration with brokers because it earns affiliate money.
Coinbase does sharing of orders or whatever to hype pump and dump and expose they did it through Coinbase.
That's literally not on the same league.
Coinbase is a business, and the primary goal of a business is to win ... financially.
Any tool or approach that furthers that is to be embraced.
It's not a moral or ethical argument, it's strictly financial.
And this isn't Coinbase's doing, it's the game that the Western world (particularly the USA) has dictated.
All Coinbase is doing is being better at playing that game.
This is simply one of the purest manifestations of the ethos of Corporate America ... voted into power by the good ol' citizens of the US of A.
They hired more moderators to no avail and ultimately shut them down.
> One of the most valuable features for institutions is the Terminal’s Enterprise IB Chat. This is essentially a Terminal-wide chat function that allows traders to chat with brokers, portfolio managers to talk with each other, or simply for intra-firm communication, perhaps to run something by compliance.
In short - yes. The chat rooms create a shared space and the ability to influence the opinion of others.
This is really not the only difference. As Elon Musk recently said, the government has a "monopoly on violence" and acts as an authority that arbitrates disputes (up to and including between countries), works to ensure proper controls and regulations through laws, etc., all of which helps to underpin the value of the currency. Cryptocurrencies are backed by no central authority with these powers.
Also important is that the state has a monopoly on legitimate violence. It has social license by virtue of exercising violence to uphold social order. In the case of the economy that means its macroeconomic management to ensure stability and the public good. Clearly crypto woefully fails by that standard.
Not saying everyone should jump into crypto, just be aware that most things without physical value are based on confidence. Which I’m sure you understand.
- Gold is a naturally occurring substance and, while not abundant, exists in many parts of the world.
- Gold is inert.
- Gold is not radioactive
- Gold is durable, but malleable.