RT @Jennygenie88: “Coinbase said it will also add Tezos voting in Q2 and hopes to add other reputable PoS chains, mentioning Cosmos, Polkadot and potentially Algorand later this year” 👍 Algorand https://t.co/0ejTSSZAhH
Well you shouldn't have to use Coinbase Custody to stake and pay a high 20% fee.
You can just buy tezos and delegate it directly from your wallet to other bakers with a lower fee, a list of bakers: mytezosbakers.com
There’s no excuse. It’s not about cardano specifically, and the information is not from Coinbase themselves. If Coinbase made a post saying that “cardano is not reputable”, then you would be doing everyone a favor in spreading valuable/accurate information. The information you posted was not accurate, and it’s not valuable. It’s actually hurting this subreddit. I don’t come here to read about your confused ass posting articles that have nothing to actually do with cardano, if I wanted that kinda content, I would go to /r/cryptocurrency
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Isn’t Charles close to some of the members over at coinbase? I’m pretty sure cardano will get added once we are staking. Let them test out the kinks with tezos. If not robinhood and cardano should team up similar to tezos and coinbase
This post should be removed/downvoted. The reason why it should be removed and downvoted is because it makes assumptions on what Coinbase thinks about Cardano. The title leads the reader to believe that there is empirical evidence and an official quote from Coinbase and what they think about Cardano. Anyone not willing/able to look more into this article can easily be mislead into think Cardano would never be added to Coinbase which is not true.
I said "I guess" and mentioned coindesk. Two qualifiers that make it clear I'm confused about the information and wanted to share my confusion.
And I said custody, not will they be added at all. Jeeze.
Pointing out shoddy journalism and blindspots in reporting will always feel more subjective, but that doesn't mean we shouldn't point it out.
Who knows what motivates some of these news groups and who pays them. Coindesk rarely talks about Cardano. I wouldn't trust everything you read and especially assumptions from what you don't read. If you DYOR, you wouldn't be worrying at all.
Coinbase is a Horrible company The Fees and anti consumer practices are truly remarkable. They also buy review bombs for Google Play as their actual rating is around two stars if you check Facebook or other sources. And I belive the coin holds are to basically use its base for insider Trading. Or should be considered as such if so. It holds your sell for a Month to know when to buy and sell its own stock.
So, while CB Pro has initiated a new trading fee structure, they have had zero fees available for a long, long time.
I'm not sure what anti-consumer practices they have, so maybe you can shed some light. They are the largest US based exchange, so I'd say they're doing pretty well with consumers.
> They also buy review bombs for Google Play as their actual rating is around two stars if you check Facebook or other sources.
I wouldn't use Facebook to source any data.
> And I belive the coin holds are to basically use its base for insider Trading.
I'm not sure what this means. What "coin holds"? How do they perform insider trading?
> It holds your sell for a Month to know when to buy and sell its own stock.
You can use Coinbase to instantly trade/sell and withdraw.
Most of the anti-coinbase rhetoric I see comes from people who appear to have no idea how Coinbase operates.
DeepSpace9erCrypto God | QC: CC 121, NANO 46, EOS 413 weeks ago
Huge for Tezos! This coin is going to move up the rankings pretty fast in 2019.
While I am excited to see this (and other PoS offerings) develop, I am curious to know why Coinbase would announce this before listing any XTZ trading pairs for their retail consumers? Seems odd as right now you need to go to Kraken and other competitors to get your hands on some.
Coinbase announced that they would support XRP custody for institutional customers long before it appeared on Coinbase Pro or regular Coinbase, so it was the first step. Tezos was mentioned in their long list of possible future coins last fall.
Interesting. I guess I missed that initial announcement. Still, it just seems odd to announce something like that without offering the token for trading as they are missing out on a lot of potential volume/revenue. Oh well, just excited to see if this is popular!
In my view the good thing about this is that coinbase is getting less relevant by the day. I mean anyone who has more than $100 in crypto is probably buying on some other exchange. So it's annoying but not as big a deal as it would have been 18 months ago I think the next wave of new users will be heading to other exchanges.
When people ask me I send them to other exchanges, there are other places that are just as easy for noobs.
Cardano was mentioned being added to Coinbase late last year as a coin they would add. They just can’t add us until POS/Shelley comes out. Part of the rules states it has to be a decentralized system, and currently is centralized at this moment. Once POS comes out, we will be on coinbase.
PoS is currently out and running actually. The nodes are just centralized as you said. So once the public can run stake pools and whatnot, is probably when coinbase will add it. Yeah, I know, I'm being a but nitpicky
Coinbase Custody is offering staking services to institutional clients, starting with Tezos.
Client assets will remain inside Coinbase’s fully insured cold storage at all times, mitigating risk to investors.
Since staking requires some funds to be kept online, Coinbase will put up its own coins, assuming the risk.
After deducting Coinbase’s fee, clients can expect to earn about 6.6 percent annually, the firm says.
Huge?! You must be with stupid, by doing this coinbase get to hold your "so called stake coins". Your coins is with them. Ever heard of term "fixed deposit" at the bank? There you go, what this going to do with decentralised and blockchain. Are you kidding me? Lol Remenber kids, not your keys not your coin.
Institutions have to do a LOT of regulatory things. Yes, we get "not your key, not your coins", but once investors are giving a fund millions of dollars, they have other ways to 'own' those funds.
And for some reason I feel that it is coinbase who has to worry about crypto loss because it's them who can't afford to lose the crypto.
There are about 100 other staking / baking options out there, many of which offer lower fees. Plus it is very easy to stake / bake on your own. This is meant for the extra cautious who don't want to be responsible or liable for what happens to the coins.
Subtlequestion6 - 7 years account age. 350 - 700 comment karma.3 weeks ago
You realize there is a huge percentage of people that are horrible with computers right? These people want to own crypto also but would never trust themselves managing it.
This is huge(even though it's institutional only at this point).
Im sure if it was Cardano you guys would shill it everywhere coinbase added cardano!!! Now that they added Tezos you are trying to badmouth it out of spite. So obvious. I remember how Cardano fanboys were bombarding Coinbase on twitter to add ADA.
ojofarCrypto Expert | QC: ADA 57, CC 343 weeks ago
And they will ADA it’s matter of time... it’s a great project...
When cardano has working staking live I'm sure it will get plenty mention. You have been able to stake on tezos betanet/mainnet since it released last June I believe. Not taking anything away from cardano. Just time and I'm sure coinbase custody will add it too.
Exactly! This guy gets it!
"Coinbase said it will also add Tezos voting in Q2 and hopes to add other reputable PoS chains, mentioning Cosmos, Polkadot and potentially Algorand later this year."
Cardano not mentioned here or anywhere in the article. Is the largest marketcap coin that will eminently be PoS