Disagree. Coinbase has been around forever and was born out of the collapse of MtGox and people wanting some adults to run an exchange. I would not be surprised at all if Binance is a house of cards, I would be very surprised if Coinbase was.
And you may say that Madoff Securities didn't start out as a Ponzi scheme, federal investigators believe that it took until the 70s for it to start. Madoff claims the scams didn't start until the 90s.
So, "being around forever" isn't evidence of lack of fraud.
So the fact that Coinbase is entirely US based is also not a guarantee that it's not doing shady things.
And the implication DonHopkins was making is that every major actor in the crypto space is run by scam artists trying to defraud people of their money. There are no good actors.
It's not about the level of risk with regards to the structure of the company. It's about the people running it. And no manner of corporate structure is going to prevent people from simply lying. Which is what every fraud has to do at some point. By their very nature.
DonHopkins is saying since we can't trust the people running these companies, we can't trust these companies.
And the fact that they've been around for a while or are based solely in the US mean nothing when one of the largest financial scams ticked both of those boxes.
Forever? So dry behind the ears, are you?
>born out of the collapse of MtGox
The apple far from the tree falls, say you?
>very surprised
Not Jack's complete lack of what, are you?
> Be kind. Don't be snarky.