Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes we were Ben.. Do you still have BAT?
I always believe in BAT that's why I held on to it for so long.. Brendan Eich is my reason he is a genius.. VET is also a good project with huge potential and Sunny Lu is running the show.. VET is going to be listed on Coinbase could be next on the list
Yup just like buying ETH at $190s for me
Bought 46 more @ average $331.50
Truly disaster since they changed their symbol.. So far its a POS
Just look at the man who is running the show no other than Brendan Eich.. He is a genius when it comes to tech and main reason why I invested on BAT in the first place..
Good to hear vape...
I've mentioned this to you and I mentioned it again..
Get on the Vechain (VET) this is a very good project.. List of all my cryptos and they are all solid..
BTC
ETH
LINK
BAT
GRT
VET
ONE
ZIL
XRP(finally!!)
Coinbase, Before It Was Inevitable
Danny Nelson
Thu, April 15, 2021, 7:46 AM
May 2013 was an exciting time for Brian Armstrong. His digital wallet startup had just won a bitcoin hackathon and snagged its first $5 million in venture funding. Olaf Carlson-Wee, who would later found Polychain Capital, had just joined Coinbase’s scrappy “office” loft on San Francisco’s Bluxome Street.
It was exciting because Armstrong’s bid to bring bitcoin to the masses was taking off. Just nine months after pitching his startup, Coinbase, at a Y Combinator demo day, he and co-founder Fred Ehrsam had 109,000 users moving those $130-odd bitcoins 107,000 times a month.
He’d told demo day attendees that Coinbase would be the “easiest way to get started with bitcoin” – a gateway for a decentralized revolution in internet commerce that would cut out the credit cards, the banks, the middlemen and the fees.
Related: Understanding the Challenges in the NFT Market
“In my view, this is the potential of bitcoin,” Armstrong said on Y Combinator’s Hacker News forum responding, to a poster who said such an “interchange free system” might one day rank among “the wealthiest people in history.”
“I’m making a bet in this space,” Armstrong wrote, even as he doubted “a single company could pull it off.”
Coinbase did not pull it off. Its founder’s goal of turning bitcoin into a global payment rail for storefronts and merchants has largely failed. But Coinbase did succeed in becoming a go-to service for crypto newbies investing in bitcoin as an asset; increasingly it’s also a go-to for Wall Street firms betting big on digital gold.
With Coinbase’s Nasdaq debut now in the rearview, Armstrong is set to become one of the richest people in the world, joining the ranks of Silicon Valley’s mega-elite.
Related: U.S. Imposes Sanctions on Russia for Cyber Attacks, Election Interference
But back in the early 2010s, the picture was far from clear.
Online archive
CoinDesk went digging through Coinbase’s earliest days to see how Brian Armstrong crafted his young company’s image online. There was no guarantee that prospective users would trust Coinbase with their cash or crypto. It was a battle Armstrong had to win over time.
In Coinbase’s early days, Armstrong was focused on many of the same issues that preoccupy him today: reaching a mainstream audience, tackling tricky legal questions and keeping customers happy.
One of Armstrong’s earliest bitcoin posts on Hacker News displays his primary fear: that navigating the legal landscape would be a bitcoin killer. The dilemma: Either play nice with the Feds and reveal customer identities, or risk alienating the pro-anonymity bitcoin fan base.
“Anonymity … may not be as important to the masses. Not sure,” he mused. He ultimately decided to play it safe and now he has 56 million registered users.
October 2012: Convincing the masses
Coinbase made a big step in 2012, winning the right to link Coinbase customer wallets directly with bank accounts.
“You’re correct to be wary of entering bank info like this on any new service,” Armstrong told blog readers upon the launch of bank integration. But it was a huge step for the startup; now people could now buy more bitcoin more seamlessly (Coinbase’s goal from the start). Pretty soon, Coinbase users were buying and selling $1 million in bitcoin a month.
All that new bitcoin needed a safe place to go. After calculating that Coinbase needed only 13% of its stash online during the average week, Armstrong placed the remaining 87% on a trio of thumb drives destined for cold storage. His method of choice? A safety deposit box. “At an actual bank,” he wrote.
Coinbase now has a gigantic custody business and, at last check, had $112 billion in customer crypto. It is not clear if Coinbase retains the safety deposit box.
January 2013: Coinbase reimburses disgruntled Redditor
Keeping up with demand was hard and sometimes, as now, there were run-ins with irate customers.
Back when a single rage-post could wreck a fledgling startup, the onus was on Armstrong to protect his growing brand. He did so through a hyper-personalized campaign to diffuse would-be haters, like in January 2013, when Coinbase tamed one disgruntled customer by feeding their hungry cats. Carlson-Wee took over customer service three months later.
July 2013: Bitcoin meetup at Bluxome Street
All the while, Armstrong was building a bitcoin-centered community around his fledgling business.
Armstrong and co-founder Fred Ehrsam threw a bitcoin social at Coinbase’s apartment on Bluxome Street in the summer of 2013. That ever-more-cramped office would only last another year before Coinbase relocated to downtown San Francisco. Six years later, the company pivoted entirely remote.
Armstrong had plenty of attendees the previous year’s meetup, too: “Was great meeting everyone at the bitcoin social tonight! This thing is really picking up steam,” the firm said in a tweet.
If the apartment office didn’t betray Coinbase’s scrappy early startup energy, then its three employees’ first website headshots – all repurposed, poorly cropped social photos featuring other people’s arms and shoulders – certainly did.
July 2013: The VCs arrive
By the summer of 2013, Armstrong and Co. were getting serious.
Armstrong and Ehrsam ditched their upcycled headshots in July 2013 for more corporate-friendly fare. What happened in the two months preceding? They’d landed a massive $5 million funding round (the biggest ever for a crypto startup at the time) from VCs such as Fred Wilson, co-founder of Union Square Ventures and an investor in Twitter, Tumblr and other successes. It was time to look the part.
Coinbase’s road from Series A to Nasdaq had plenty of bumps, legal obstacles, customer spats and hacks. But Armstrong’s bitcoin wallet ultimately prevailed in becoming one of the most visible crypto firms in the world.
For more on Coinbase’s rise, see our comprehensive timeline here: Coinbase Listing: The Journey From Y Combinator to Nasdaq
Chainlink Is Building an Off-Chain Oracle Network
Colin Harper
Thu, April 15, 2021, 7:28 AM
Ethereum and multi-chain oracle service Chainlink is building out a new oracle network that could provide a solution (in part) to both scalability and front-running issues.
Dubbed Chainlink 2.0, the network creates what its team calls “decentralized oracle networks” (DONs). These second-layer networks operate off-chain, meaning almost all of the data related to the smart contract is stored and computed off-chain before an oracle makes an input on the blockchain to trigger a smart contract’s outcome.
For example, if you had a smart contract that managed trades between ETH and UNI, Chainlink 2.0’s oracles would aggregate all the various exchange data for this pair and only feed the on-chain smart contract the exact price when needed.
Taking this further, for more complex smart contracts that require more data (like ones for options or collateralized tokens), something like off-chain oracle services could potentially mitigate miners front-running trades on-chain.
Chainlink co-founder Sergey Nazarov likened these DONs to the application programming interfaces (APIs) that developers use for everyday computer functions (whenever you Google something and Google’s own result comes up, for weather or bitcoin price, for example, this data is pulled using an API.)
“Our work with the top DeFi protocols has clearly shown us that in order to create the next generation of smart contracts developers need an easily accessible, provably secure and scalable set of decentralized services surrounding their smart contract code with key additional functionality,” Nazarov told CoinDesk.
In the Bitcoin ecosystem, so-called discreet log contracts (DLCs) require similar off-chain oracle services.
Our sleeping giant is at $42.42 up 13% atm
0.1851 atm up 9%
Sunny Lu is the man Emit just look at how big Louis Vuitton had become.. If he can do that to LV he can definitely make VET a top 10 cryptos when its all said and done.
Two dimes or a quarter by the end of the week sounds about right.. GO VET!!
Hoping VET will be one of the cryptos that will get listed next on Coinbase..
Lets GO VET show us your muscle and get into the 0.20s
There's the $40 and change... Hell yeah!!
Got me 20shares at $362
Hope stays under $2 as I plan to get more..
$38.28 atm $40s by the end of week..GO LINK!!
A month or so ago I bought 103030 of ONE at 0.03 sold 32000 at 0.1332 got my original back and $1000 profit.. The $4300 proceed bought me 49K VET at 0.0889 and still have my 70000 of ONE both happy with my investments..
GO VET!! GO ONE!!
Truly is Thinman..
Loving my buys 0.09-0.12
Let’s get that $5 at end of month
$40 inching in.. GO LINK!!!! Fuck yeah I am loving my LINKies that I paid at the low $2s
When I bought this 2 yrs ago at around 0.90s I really thought I had no chance of getting my $ back but patience is paying off now.. For the sake of the longs I hope it keeps running
$35 is on deck..Could this be the start of a run going into $50?
No Brainer vape..Like I always said in the past LINK will be top 3 behind The King and ETH..
It’s only fitting that they opposed this...Good moved by Brendan Eich and his crew..
Good to see over $2 today.. Could be the start of a parabolic run..Go GRT!!!!!
This has become the biggest loser in my portfolio.. It's turning into a POS
$1.65 earlier..
phuck it!! Let’s get the $2 already
$1.57 was the high today aslo its all time high.. Glad people are seeing the potential of BAT that I saw 4-5yrs ago.. My $0.09-0.12 are putting a big smile on my face..
Keep on eye on VET(Vechain) also hit the all time high today.. I believe any products should be tracked down.. This too is a good long term hold.. Holding 49k at $0.0889
Pretty much all cryptos are down with exception of ONE..
Just bought 100K at 0.0178 I wish I had the balls to pulled the trigger at 0.0163 this am... I am expecting a bounce back hopefully hard bounce
This happened to my bro in law 3 weeks ago. First just wanna make sure you are a US resident and submitted your IDs and SSN if you are then do this.
Double check your application if you marked down BASIC then it will take you months or who knows when to get verified..
You need to marked ADVANCE instead that should have you approved in less than 10-30mins.. hope that helps
Good moved vape!!
Very promising indeed.. I am only holding 2000 tokens but I plan to add another 1000 if it consolidate under $2
Slowly inching in at a buck and a half.. Go BAT!!!
Keep on eye on The Graph (GRT) guys.. It's a good project.. This one reminds me of LINK when I started buying lots the only difference is I got my shares at $1.50 and added yesterday at $1.70
Anything under $2 are dirt cheap.. $10 or better by end of year.. GO GRT!!
What a POS!!!
Bought this last week at $1.50 and just added a few more at $1.70.. I really like this project.. GRT reminds me of LINK when I bought at the low $2s.. I don't plan on selling GRT just like how I am still holding my LINK.. GO GRT!!
That's right we just hit another all time high agin.. This is a lot of fun especially buying my tokens at 0.02
Up 16% 0.20s atm.. Very NICE!!!!!
Let’s see that 0.20s today.. GO ZIL!!!