Here comes Coinbase...

[Overnight]

https://www.marketwatch.com/article...-bitcoin-frenzy-51608238626?mod=mw_latestnews

 

[SteveM]

I hope people here are wise enough to realize that this headline alone kills the "bitcoin is a censorship-resistant borderless, medium of exchange, that cannot be regulated by the government" meme.

 

[johnarb]

I hope people here are wise enough to realize that this headline alone kills the "bitcoin is a censorship-resistant borderless, medium of exchange, that cannot be regulated by the government" meme.

I hope you realize that Coinbase does not run the bitcoin network.

 

[Pronto24]

Coinbase has started a Prime-Brokerage unit. Hmmmm!

 

[SteveM]

I hope you realize that Coinbase does not run the bitcoin network.

I'm willing to make a large wager right now that within 5 years, every single bitcoin transaction on earth will be tracked by the government, and taxed where applicable.

 

[johnarb]

I'm willing to make a large wager right now that within 5 years, every single bitcoin transaction on earth will be tracked by the government, and taxed where applicable.

Taxes will be paid at their respective jurisdictions. Bitcoin whitepaper does not list tax evasion as a feature

 

[Baron]

Coinbase going public could be a good way for both professional and retail traders to invest in the crypto market without really needing to buy and hold actual cryptocurrencies.

 

[Cuddles]

I'm willing to make a large wager right now that within 5 years, every single bitcoin transaction on earth will be tracked by the government, and taxed where applicable.

good luck when it goes through some shuffling app

 

[maxinger]

who knows, there might be Coinbase Futures coming up.

BTC futures margin requirement is at the ridiculous level of $42k.
there should be competitors to bring down the margin level.

 

[Overnight]

who knows, there might be Coinbase Futures coming up.

BTC futures margin requirement is at the ridiculous level of $42k.
there should be competitors to bring down the margin level.

If anything, the performance bond requirements for bitcoin futures will be going nowhere but up forever. Especially when you have these blowhards calling for a price target of $400,000 from it's current level of $21,000 or whatever it is at this moment in time, measured in picoseconds.