> When Coinbase files for bankruptcy, crypto deposits will be at the back of the line. They are unsecured creditors.
I'm aware. This has nothing to do with your point about "stealing" deposits like other exchanges (e.g. FTX), and is irrelevant to stock-based compensation. It contributes nothing to the discussion. More noise to encourage others to feel safe that their bias is well liked.
> Coinbase executives will have enjoyed years of massive pay days selling stock
More irrelevant and false points. The company has only been public since April 2021. Not even two years. You are attempting to frame them as fat cat wall street types purposefully driving the company into the ground at customers' expense.
Somehow you extrapolate this to "all exchanges" when Coinbase is the only publicly-traded exchange.
remember that Coinbase was audited by the SEC before going public, and is one of the oldest exchanges. If any exchange is safe, it's Coinbase. The problem is the SEC doesn't give clear direction.
Anybody that feels the SEC will "protect" them by forcing coinbase into bankruptcy is welcome to move their assets on-chain. Many people advocate for that.
Again, I'm highlighting how lazy and absurd your argument is.
I'm aware. This has nothing to do with your point about "stealing" deposits like other exchanges (e.g. FTX), and is irrelevant to stock-based compensation. It contributes nothing to the discussion. More noise to encourage others to feel safe that their bias is well liked.
> Coinbase executives will have enjoyed years of massive pay days selling stock
More irrelevant and false points. The company has only been public since April 2021. Not even two years. You are attempting to frame them as fat cat wall street types purposefully driving the company into the ground at customers' expense.
Somehow you extrapolate this to "all exchanges" when Coinbase is the only publicly-traded exchange.
remember that Coinbase was audited by the SEC before going public, and is one of the oldest exchanges. If any exchange is safe, it's Coinbase. The problem is the SEC doesn't give clear direction.
Anybody that feels the SEC will "protect" them by forcing coinbase into bankruptcy is welcome to move their assets on-chain. Many people advocate for that.
Again, I'm highlighting how lazy and absurd your argument is.