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    Saturday, February 27, 2021

    [Daily Discussion] - Saturday, February 27, 2021 Bitcoin Markets

    [Daily Discussion] - Saturday, February 27, 2021 Bitcoin Markets


    [Daily Discussion] - Saturday, February 27, 2021

    Posted: 26 Feb 2021 09:00 PM PST

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    Coinbase IPO thoughts

    Posted: 27 Feb 2021 02:04 AM PST

    What are your thought about the upcoming IPO of Coinbase? Seems to me that it could be a another step towards crypto's being more generally accepted, which in turn could attract more "investors"/ small crypto users.

    On the other hand it kind of feels like a bit of a loss of its decentralized characteristic to me. Its complete BS, I know, but the SEC will increase its influence on one of the largest crypto platforms of the world. With the entrance of interests of shareholders, the SEC is able to impose and demand all kind of measures which could be hard to stand up to for coinbase (management). Knowing that the SEC represents the interests of banks and the government at least as much as that of investors, I have yet to see what effects the IPO will have.

    But maybe I'am overthinking this, any thought?

    submitted by /u/AccountantNL
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