Michael and Johnny look at Coinbase, the largest cryptocurrency exchange in the US on the verge of going public. We first introduce Coinbase and discuss what factors led to its success. We evaluate its industry, incremental value to users and society before wrapping up with our Rich Tech Poor Tech verdict.
In News of the Week, Slack has made all of us one team via their new Slack Connect feature which they released before pulling back due to privacy concerns. It allowed anyone to directly message anyone else on Slack.
Recorded Date: Sunday, March 28, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:01:46: Coinbase Intro
- 00:04:34: Industry
- 00:08:45: User Value
- 00:13:26: Societal Value
- 00:21:52: Final Verdict
Highlights
- We are all teammates now working at SlackForce thanks to Slack Connect
- Coinbase is successful by meeting the minimum requirements needed for an exchange
- What industry is Coinbase in?
- Have users gained a lot of value from Coinbase?
- Has Coinbase simply introduced people to the fine art of speculation?
- What value has Bitcoin added to society?
- Can Coinbase do more to help realize its mission?
- Coinbase hasn't increased the demand for Bitcoin
- Coinbase has built a successful business servicing an existing demand
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