&quot;Ethereum Developers Started To Panic&quot; - Afri Schoedon

yes2crypto (49) 5 years ago (edited)

While I agree with you that it would help solve a problem for you and me if Coinbase to accept local currencies for USDC, would it cause a problem for Coinbase? I know they would make money on fees, but they make money in fees anyway. If you go and do the work or take tour own time and risk to get your currency into the “right input” then they still make money.

If Coinbase accepts a currency you don’t want and turns it into a crypto you do want, they would be seen, potentially, by the government, as complicit in the “bitexit” as described by Andreas Antonopoulos. So far, Coinbase is the established bridge and de facto onramp for the masses and has been checking all the checkboxes and getting all the licenses.

It just seems if Coinbase did this, it represents a lot of risk to them - making the government angry for one, and getting a really big bag of FIAT currency that is devaluing over time for two.

Do I understand the situation correctly?

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marketingmonk (71) 5 years ago

It might actually please the US government since my suggestion helps the dollar remain the defacto currency.

illucifer (64) 5 years ago

F the government

lee-beuzeval (44) 5 years ago

Come on Coinbase, listen to Chris Coney, you know he's the Real voice of Crypto News, filtered, finely tuned and free. Dr Buterin, can i have my prescription before June 2018 please, not sure i can hang on until then. Loving the christmas hat Chris, another great video, thanks mate, happy monday!!!

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voordeur (31) 5 years ago

Hello Chris! With regards to your question on official casino licenses for on-chain gambling smart contract, I point you to a post by the Edgeless team at => https://www.edgeless.io/blog/license-received-edgeless-becomes-first-legal-blockchain-casino which appears to be a license also granted by Curacao (similar to the EOSBet license?). It is easy to find other articles on the Edgeless license with a quick Google search (it was also promoted as "The One And Only First Ever Blockchain Gambling License) but the Edgeless team no longer seem to be boasting about it on their main page...

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marketingmonk (71) 5 years ago

Excellent, I'll share this on the show.

noizydragon (38) 5 years ago

Re: Ethereum Developer panic - hearo.fm is already bridging its platform from Ethereum to Hedera Hashgraph. They have denominated their platform with their ERC-20 token, JAM, but will be conducting transactions on Hedera Hashgraph network. I expect that this kind of dual platform architechture will become common with successful dApps (and viable dApps seeking success). This exposes the wisdom of Hedera Hashgraph incorporating the Solidity language for Smart Contracts.

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marketingmonk (71) 5 years ago

Good contribution that thank you

karenlouisesharp (41) 5 years ago

Could not vote.... Unknown error....... Tried many times.... Sorry, it won't let me like your video😢

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neoicarus (51) 5 years ago

BTC FTW

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alexanderhoehne (51) 5 years ago

Thanks for the update and the opportunity to become an affiliate. Since I don't have a promotion channel or a community of interested parties, I probably will not be able to be a real part of this. ... It is great to hear about the HPhD for Vitalik. Especially coming from "my" Alma Mater. ... I share the fear of the Ethereum developers the the Ethereum platform. In our time speed sadly is one key element of success another of course is community. If the ETH community holds steady and focused on their progress despite other communities moving faster in some areas, there might be a route to success despite the seemingly slow progress.

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3 votes

gbcryptotrader (47) 5 years ago (edited)

Thanks Santa, great show. Hoping you can ensure some ho ho ho this festive season. The Ethereum ecosystem is definitely challenged at the moment, struggling to see how they are going to turn this around before others eat their lunch!!

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