Coinbase Leads Users Astray By Recommending Everything Besides Bitcoin

The beneath is simply a nonstop excerpt of Marty's Bent Issue #1212: “Save a friend, archer them to get retired of the Coinbase casino.” Sign up for the newsletter here.

You'll often perceive “Bitcoin maximalists” derided for being anti-free marketplace erstwhile cautioning newcomers to enactment distant from altcoins and the exchanges that propulsion them. Those snake lipid salesmen who hiss astatine Bitcoiners often accidental that they are simply acrophobic of contention and don't privation to admit that “Bitcoin has stagnated” and “the devs person gone elsewhere.” In reality, galore Bitcoiners pass newcomers to enactment distant from shitcoins and the casinos that database them for trading due to the fact that they person seen hoards of radical led to slaughter by the siren calls of opportunists who attraction not astir quality freedom, dependable wealth oregon decentralization, but being capable to marque arsenic overmuch wealth arsenic possible. No substance however unethically it is acquired.

I highly urge you freaks — particularly immoderate of you who person fallen prey to the siren calls of “a amended Bitcoin” — to work done this thread from Sam Callahan, which dives into the overtly predatory tactics of Coinbase and their penchant for listing pre-mined altcoins that are utter trash and get auto-dumped connected an unsuspecting retail market. Not lone that, but Coinbase tends to fell bitcoin heavy successful the app truthful their customers place it oregon simply ne'er find it. They are overmuch much incentivized to siphon disconnected fees from shitcoin trading than really educating individuals astir bitcoin and helping them get arsenic overmuch arsenic possible.

I would telephone it a shame, but it's truly worse than that. It's rather disgusting really and Coinbase and its backers should beryllium utterly ashamed of themselves for engaging successful this benignant of bucket store activity. A erstwhile somewhat respectable marque has wholly turned itself into a contemptible atrocious histrion that should beryllium avoided astatine each costs.

Save yourself, your household and friends. Get your bitcoin disconnected Coinbase and counsel your web to bash the same.