throwaway21earn

The article doesn't take sides but I will. They're better off without Balaji Srinivasan. His startup Earn.com was a pivot of an earlier startup 21.co which was transparently stupid. Earn.com was also bad and didn't deserve an exit. I suspect shenanigans orchestrated by Andreesen Horowitz there.

Coinbase's expansion into regulatory gray areas threatens their main competitive advantage as the safest and most stable large regulated crypto business. If they keep chasing that sweet ICO scam money instead of focusing on compliance and institutional investment it will destroy them in the end.