undefined | Better HN

0 pointsandy_ppp5y ago0 comments

This isn't even remotely necessary for Coinbase to do well - the only thing they need is for crypto currencies to be more widely used in 25 years.

0 comments

kgwgk5y ago

Absolutely, the only thing they need. Because the barriers to entry are so high!

andy_pppOP5y ago

Well regulation of this stuff is a kind of nightmare. Building an exchange is a nightmare - I tried once and scaling the thing is really complicated.

kgwgk5y ago

It's not like coinbase has not to worry about regulation anymore.

And for the technical aspect, did you spend a few billion dollars when you tried? Potential coinbase competitors may.

I don't think a valuation higher than NYSE and NASDAQ combined (or CME and CBOE combined) is reasonable.

1 more reply

f4305y ago

They won't be. For the same reason it is not widely adopted as a store of value or a currency. Especially not with the looming Tether liquidity crisis.

smabie5y ago

Is your money where your mouth is? 100% BTC will be worth more than it is today in 25 years.

f4305y ago

100% huh

and you call yourself a quant lmao

better change it to expert in cryptocurrency on your linkedin profile

edit: nvm a crypto quant! this is even better! downvote away! sounds like someone is triggered

j / k navigate · click thread line to collapse

0 comments

kgwgk5y ago

Absolutely, the only thing they need. Because the barriers to entry are so high!

andy_pppOP5y ago

Well regulation of this stuff is a kind of nightmare. Building an exchange is a nightmare - I tried once and scaling the thing is really complicated.

kgwgk5y ago

It's not like coinbase has not to worry about regulation anymore.

And for the technical aspect, did you spend a few billion dollars when you tried? Potential coinbase competitors may.

I don't think a valuation higher than NYSE and NASDAQ combined (or CME and CBOE combined) is reasonable.

1 more reply

f4305y ago

They won't be. For the same reason it is not widely adopted as a store of value or a currency. Especially not with the looming Tether liquidity crisis.

smabie5y ago

Is your money where your mouth is? 100% BTC will be worth more than it is today in 25 years.

f4305y ago

100% huh

and you call yourself a quant lmao

better change it to expert in cryptocurrency on your linkedin profile

edit: nvm a crypto quant! this is even better! downvote away! sounds like someone is triggered

j / k navigate · click thread line to collapse