Timing of Coinbase move to add Ethereum Classic raises eyebrows

[mistatee2000]

I'm fed up too of hearing about "when Coinbase", but this is more about lack of regulation in our markets and how insider information benefits those with the contacts, which seems endemic in our market

https://modernconsensus.com/cryptocurrencies/ethereum/coinbase-ethereum-classic-sec/

Quote

Coinbase has been slow to add other tokens such as third place XRP token ( XRP $0.55), fifth place EOS ( EOS $10.73) or seventh place Stellar’s lumens token ( XLM $0.24). It has repeatedly stated that its reluctance is over the possibility that a listed currency might be declared a security, which would cause many legal headaches for Coinbase since it is not registered to sell securities.

However, before Hinman’s surprise announcement, many in the crypto world thought that Ethereum itself—and thus Ethereum Classic—faced a strong possibility of being declared a security.

I also wonder who this executive was who was quoted:

Quote

One crypto executive, who declined to be named because of regular business dealings with Coinbase, insisted to Modern Consensus that the timing was no coincidence.

“What I find interesting is Coinbase has been vocal in saying they can’t list new assets right now because they don’t know what is and is not a security. Two days before the SEC’s public statement, Coinbase announces that they’re going to list Ethereum Classic. They must have known about the SEC decision. Otherwise, they would not have made that announcement because they would have had to be regulated as a securities exchange. It’s like, really?  That’s not a coincidence. 

I suppose that I should keep an open mind....not.

The article is a quick read, but very worthwhile

[fiik]

ssshhh

 

brad

[XRPeteSampras]

"One crypto executive--for the sake of anonymity we'll just call him Gad Bralinghouse--insisted to Modern Consensus that the timing was no coincidence."

[panmores]

Don't forget, we "small HODLers" are just the outest layer in a well-orchestrated play with some powerful, yet hidden actors.

[mistatee2000]

2 minutes ago, panmores said:

Don't forget, we "small HODLers" are just the outest layer in a well-orchestrated play with some powerful, yet hidden actors.

I know, but if we were looking at truly regulated markets, then prison is a real deterrent and possibility for such actions. But then again the market is ONLY worth $300 billion. God forbid it gets in to the trillions without regulation

[Guest]

can we just moon already

[PG1]

I believe Modern Consensus was founded by Ken Kurson who sits on the Ripple board.

[divingman10]

22 minutes ago, AlexCobb said:

can we just moon already

Don't post pictures of you mooning plz

[enrique11]

51 minutes ago, AlexCobb said:

can we just moon already

Yeah, as long as we don't do it in public.

[Guest]

timing of everything is suspicious with the scumbags in crypto, like when charlie lee sold PERFECTLY at the top after a suspicious litecoin recommendation appeared on CNBC who confusingly "explained" about it being used to buy Steam vouchers (oh wow news, much big, many use case!!!) which was actually through a shady third party site

then you have people like roger ver, a blatant con artist, teaming up with fake satoshi... just weird at best, and even whales like barry silbert who basically copy-paste other people's code, provide basically zero use case and have al of these back-room deals going on and money sloshing about in all kinds of funds

crypto is so incestuous it's disgusting... suspicious at best, heavy jailtime at worst

[fiik]

52 minutes ago, AlexCobb said:

can we just moon already

well when ya think about it xrp has already mooned

from Jan 2017 ($.006) to Jan 2018 ($2.21) - 36000% or some **** aye 

and now its settled into LLO bobbing round until

 

[Guest]

35 minutes ago, zerpdigger said:

timing of everything is suspicious with the scumbags in crypto, like when charlie lee sold PERFECTLY at the top after a suspicious litecoin recommendation appeared on CNBC who confusingly "explained" about it being used to buy Steam vouchers (oh wow news, much big, many use case!!!) which was actually through a shady third party site

then you have people like roger ver, a blatant con artist, teaming up with fake satoshi... just weird at best, and even whales like barry silbert who basically copy-paste other people's code, provide basically zero use case and have al of these back-room deals going on and money sloshing about in all kinds of funds

crypto is so incestuous it's disgusting... suspicious at best, heavy jailtime at worst

Entirely true about scumbags. Go to a blockchain conference and it's hard to get through one hour without having interactions with multiple people you wouldn't even want as an acquaintance pitching you shady nonsense or coming across as generally sketchy. There have been conferences with scheduled speakers and events where they may as well have just titled it "Siphoning Money From Suckers". Say what you want about Wall Street but there is (usually) enough regulation and diversification of invested parties to give it some semblance of propriety. Obviously there have been exceptions but as far as day to day operations go, that's how it is. At least in the US, until we get legal and regulatory issues sorted, the crypto market is going to remain mostly in the hands of hyper early adopters who had foresight and now outsized leverage, and a significant percentage of that group are going to be of the type with thinly veiled nefarious agendas for as long as they can get away with it.

[Guest]

6 hours ago, AlexCobb said:

can we just moon already

@justmoon left Ripple but not XRP!!!

[Still1]

8 hours ago, mistatee2000 said:

I'm fed up too of hearing about "when Coinbase", but this is more about lack of regulation in our markets and how insider information benefits those with the contacts, which seems endemic in our market

https://modernconsensus.com/cryptocurrencies/ethereum/coinbase-ethereum-classic-sec/

I also wonder who this executive was who was quoted:

I suppose that I should keep an open mind....not.

The article is a quick read, but very worthwhile

[Void-Induction]

I think this is hilarious, yet I imagine the CEO finds it even more so.