Crypto needs to be easier for the majority of folks to adopt it, so I dig it.
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My favorite take from the article written by Mark DeCambre is Erik's approach to marketing his Coinbit via social media only. "Completely untraditional." I'm all for it. :)
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Untraceable transactions is a myth. Crypto will be never be more than a niche
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Sometimes I wonder what it's like to be the guy that paid 10,000 BTC for 2 large pizzas. Like, how does he get up every morning?
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Looks like a great UI/UX. That said it seems somewhat strange given his suspicion that bitcoin (BTC) is “long term dead” a view I’m sympathetic to. I know he’s qualified this by saying “it’ll still go up in value” but isn’t that essentially helping people buy into a Ponzi?
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If he offers this platform to buy other forks of bitcoin that I think (he may agree...not sure) may have more longevity then I’m all for it. Nice, simple way to encourage savings.
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When there was a gold rush to cali the men that made the money were those selling the shovels. Erik has a producer mindset not a consumer one. By becoming chief facilitator to average folks he can become as standard and ubiquitously used as visa, mastercard are. Excellent stuff
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Investing in crypto is great and using those gains to pay off debt is what the FED wants to do anyways. It’s a great idea
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Does it work by investing in crypto then reverse paying off credit card balances? If so would be
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Good marketing and PR
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I trust him he has his whole life in front of him. Any mistakes he makes will be trial and error, not corruption at a mt. Gox level.
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Keep an eye on it. Buy if he creates a coin, even if its useless. Might look into using this platform.
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He's late in the game.... Coinseed and other apps have been doing this exact thing for years.....
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Sounds good. I thought he said earlier this year that bitcoin was dead though?
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I might invest in Coinbits as the market for BTC trading is microscopic and likely to increase, but the underlying asset is a bad one for day traders who literally gamble on BTC. Good gamblers want knowledge + volatility + liquidity. For that reason, I'd never be a user.
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It’s a good idea.
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I’m in
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