God job! For myself, I found a working strategy in buying, on the news about the listing and selling the instrument until the listing itself. The article confirms that this is the right decision. If anyone is interested in the direction, then I use the bot in the LisitngCryptoCoin TG
Dude this is a phenomenal piece of work. I don't know how you managed to fit in 'chamcha' into a piece about the rigmarole of crypto markets...but fair play mate.
Interesting. Is it legal for Coinbase to only select coins that benefit them from the SEC level? I would think the SEC would not like this little factoid.
Fais, I'd be interested if you added another dimension to the dataset. How many of these coins did Coinbase include in their Learn program, where they essentially marketed them to their base.
« but all of this supports what I call the “Charlie Lee” (creator of Litecoin) thesis: there may be huge demand for deflationary assets like Bitcoin, but the biggest problem is anyone can create another, similar cryptocurrency, so it’s not really deflationary at all.»
The fact that idiots keep buying shitcoins doesn’t make bitcoin inflationary. It just makes idiots poorer. All shitcoins are fools gold. We are just living through a weird transitionary period when it’s not obvious to the masses yet.
so, ICOs like an IPO for a vaporware company, that probably none of the VCs can even pretend to know what the business model is supposed to be. Great. Did we need to reinvent this wheel with more grift? I mean, what, the IPO grift isnt good enough?
I'd like to compare Coinbase and alike with deserts. All these crypto tokens are illusions in the Sahara. You grab a couple, just to realize is only sand. The goal in this journey through the "desert" is to get to the oasis. So far, the only two oasis are bitcoin and ethereum
Sorry i don't quite understand the point here or key story - is it that a16z is doing some kind of dump selling into Coinbase? What is the accusation here? I read that the performance of coins owned by them (via their own listing of their holdings) is lower than the benchmark?
1) 2021 is wrong year of comparison when btc itself is lower than when it started in 2021
2) when solana when listed on coinbase , solana market cap was 10 bln did you really think it should do 100x on coinbase in 4 month of listing and then pass judgement also when market is bad
2) you buy on anticipating of coinbase listing (trader tip )
3) andreessen horowitz has much deeper ties not just board of director , he helped coinbase become coinbase
It would all have made sense if a16z were a crypto coin trader. However they are long term investors in the core blockchain / web3 tech companies and crypto coins happens to be another medium of transaction in this space. Give it few years and you will start noticing outsized returns like how they had with web2 companies by betting on network effects.
God job! For myself, I found a working strategy in buying, on the news about the listing and selling the instrument until the listing itself. The article confirms that this is the right decision. If anyone is interested in the direction, then I use the bot in the LisitngCryptoCoin TG
I loved every part of the article and it was quite insightful.
Dude this is a phenomenal piece of work. I don't know how you managed to fit in 'chamcha' into a piece about the rigmarole of crypto markets...but fair play mate.
thanks Rahul! I had some other choice words but left them out :D
Interesting. Is it legal for Coinbase to only select coins that benefit them from the SEC level? I would think the SEC would not like this little factoid.
Fais, I'd be interested if you added another dimension to the dataset. How many of these coins did Coinbase include in their Learn program, where they essentially marketed them to their base.
Great question! I think tokens can sign up and fund Learn programs themselves, but I'm sure they "recommend" it to their CV investments
« but all of this supports what I call the “Charlie Lee” (creator of Litecoin) thesis: there may be huge demand for deflationary assets like Bitcoin, but the biggest problem is anyone can create another, similar cryptocurrency, so it’s not really deflationary at all.»
The fact that idiots keep buying shitcoins doesn’t make bitcoin inflationary. It just makes idiots poorer. All shitcoins are fools gold. We are just living through a weird transitionary period when it’s not obvious to the masses yet.
more disclosures and more transparency seems in-line with bitcoin. +1.
Thank you so much for this analysis. Really appreciate the effort in raising awareness..
so, ICOs like an IPO for a vaporware company, that probably none of the VCs can even pretend to know what the business model is supposed to be. Great. Did we need to reinvent this wheel with more grift? I mean, what, the IPO grift isnt good enough?
I'd like to compare Coinbase and alike with deserts. All these crypto tokens are illusions in the Sahara. You grab a couple, just to realize is only sand. The goal in this journey through the "desert" is to get to the oasis. So far, the only two oasis are bitcoin and ethereum
Sorry i don't quite understand the point here or key story - is it that a16z is doing some kind of dump selling into Coinbase? What is the accusation here? I read that the performance of coins owned by them (via their own listing of their holdings) is lower than the benchmark?
I loved every part of the article and it was quite insightful.
sir very biased reporting:
1) 2021 is wrong year of comparison when btc itself is lower than when it started in 2021
2) when solana when listed on coinbase , solana market cap was 10 bln did you really think it should do 100x on coinbase in 4 month of listing and then pass judgement also when market is bad
2) you buy on anticipating of coinbase listing (trader tip )
3) andreessen horowitz has much deeper ties not just board of director , he helped coinbase become coinbase
It would all have made sense if a16z were a crypto coin trader. However they are long term investors in the core blockchain / web3 tech companies and crypto coins happens to be another medium of transaction in this space. Give it few years and you will start noticing outsized returns like how they had with web2 companies by betting on network effects.
Outstanding commentary - thank you! Very helpful.
Excellent write-up