Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I hate crypto but be real, Coinbase actually releases financial statements due to being regulated in the USA. Armstrong has a giant mansion in LA. Where is Binance or CZ?

Binance chain (BNB) is a fork of ethereum that is specifically created for frauds. Coinbase does not have one.

Binance lists monero, the currency of darknet markets. Coinbase stays far away from any privacy coin that could raise flags.



> I hate crypto but be real, Coinbase actually releases financial statements due to being regulated in the USA.

My argument is that tokens on Coinbase are unregulated and haven't been approved by regulators. That point still stands even if Coinbase publishes financial statements as a public company.

> Armstrong has a giant mansion in LA. Where is Binance or CZ?

He said once that he lives in Airbnb's and doesn't like the hassle of owning a house. I'm with him on this one. Do you really want a bunch of strangers (cleaners, maintenance, gardeners, etc) walking around your house as a wealthy person? That's a business. Not a home.

> Binance chain (BNB) is a fork of ethereum that is specifically created for frauds. Coinbase does not have one.

Coinbase originally just listed a few cryptocurrencies. Nothing changed in terms of regulation and then they started to list a lot more. So what changed in terms of Coinbase's thinking? Profit motive became more intense after they went public.

> Binance lists monero, the currency of darknet markets. Coinbase stays far away from any privacy coin that could raise flags.

Almost every cryptocurrency on Coinbase raises red flags. Quite a few of them did ICO's or something similar. They sold to investors without proper disclosures. ICO's are a slimy way to raise funds. So why does Coinbase list tokens that did ICO's?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: