Why do people use CoinBase in the first place?

tfpostman (40) in btc • 7 years ago

When we're using Bitcoins, we use it because of it's decentralized nature and complete control over it (and not on intermediaries like bank/government).

So why then are there still people who use CoinBase as their "wallet" to store their coin, leaving this intermediary(CoinBase) to decide what they gonna do in case of hard fork?

Isn't using CoinBase against the reason we use BitCoin in the first place?

Putting your asset at the mercy of others?

Please share your thoughts...

btc coinbase bitcoins hardfork wallet

7 years ago by tfpostman (40)

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potatrick (27) · 7 years ago (edited)

The instant buy with paypal is pretty convenient. But I have only used it to buy, then transfer to an exchange or a wallet.

I can't help but think that email they sent out (about holding BCH until 2018) is a shitty excuse for them to short BCH for the next 2 months, and then hand it out to people after they made all the profit on it. :-/

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tfpostman (40) · 7 years ago

Shorting? what if BCH risen in value? They're going to bear the loss as well

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