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

From a user perspective it seems like a bad idea to talk about finance and do trades using an account at single company? I wouldn't want my bank account connected to my Reddit account, or any other social media account. It seems excessively centralized?


This is all probably prep for their NFT platform, which will be instagram-like in social structure, but also allow for metamask-like (i.e. decentralized) logins. [0]

[0] https://www.youtube.com/watch?v=XFYOe1Btf8A


Yeah, no, this is like a bank deciding they should become ebay. Just because trades happen on a blockchain doesn't mean they should do it.


Okay, whether or not you think they should do it (personally I think it's cool), I'm telling you the reasons why they're likely forming these policies now.


What makes this cool in your opinion?


I enjoy NFTs, so why would I not want them to be more broadly supported on other platforms that I use?

Plus, this helps decentralize in two ways:

Firstly, it lessens monopoly power over the NFT space by OpenSea.

Secondly, Coinbase itself is now introducing its first web product with decentralized logins.

This is good for decentralization, not bad.


In the (good and bad) ways Gmail helps keep email relevant, yes.


It’s a web3 platform from an actual crypto company with a decent security track record and based in the US.

Feels much safer than open sea which is constantly hacked and I trust more than GameStop who says they are also launching and NFT store.


Makes me think about how the environment of casinos are designed - including pumping in higher levels of oxygen into the air, and makes me wonder if such environments like the one Coinbase is creating should have some regulations?

These relatively new technologies and structures have consequences that we're only just beginning to understand, so it's no wonder that laws are lagging.


Sure, just like social media. Let's start with that.

People all in here claim to be "anti-authority" and "anti-fascist" but can't resist their impulse to control others' behavior.




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

Search: