Home Crypto Exchanges Coinbase Prefers Scams and Surveillance Coins over Legal Good Tech

Coinbase Prefers Scams and Surveillance Coins over Legal Good Tech

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Brian Armstrong, co-founder, and CEO at Coinbase expressed:  Reminder about how Coinbase lists assets: our goal is to list *every* asset where it is legal to do so.

Outside of our listing standards (for safety/legality), we don’t offer an opinion on the value of each asset. We are asset agnostic, because we believe in free markets and that consumers should have a choice in the crypto economy. This is how we’ll have the most innovation.

We will provide tools over time to give customers ratings/reviews of assets, so they can make even more informed decisions, and share their views with the community.

But in general, one should not take being listed on Coinbase as an endorsement of that asset (outside of meeting our minimum standards). Do your own research and exercise good judgment.

We’re working hard to keep up with the incredible amount of assets being issued, and responding to and interacting with the amazing asset issuers who are doing their own hard work, day and night, to build the future of this industry.

The community response was like:  You guys got bullied into listing DOGE and SHIB! Come on Brian, we all know you don’t care as long as you can and collect your fees.

They never even actually listed SHIB. They said they were and then never pulled the trigger. Think they got too much heat when they announced it.

How do meme coins like Shib get to be legal and solid projects are not? Because listing an ERC20 is way easier than supporting a new blockchain

Legal, meaning that coins that are pre-mimed garbage can afford to pay listing fees, while blockchains like Digibyte that are 7+ years old and were fairly launched don’t stand a chance.

While I tend to agree that it is super easy to list ERC-20 Tokens, listing a UTXO is fairly basic as well and wouldn’t take more than 15-30 minutes. The teams working behind some of these projects would gladly assist in the process too, plus that’s why Rosetta was created by CB?

There is no greater implicit opinion on the value of a token than coinbase adding them, tagging them with a price, and then taking fees based on that price from Coinbase users this is nonsense.

Asset agnostic as in ‘let the market figure out what this dogecoin is worth’. The other legit projects should figure out how to do this, right? Looks like Coinbase prefers scams and surveillance coins over legal good tech.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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