But let's look at Trading View for example. A social network built around trading software. They already have tight integrations with a few brokers, what if they did their own orders?
I'm no fan of Coinbase but this is a weak argument.
Plus, this helps decentralize in two ways:
Firstly, it lessens monopoly power over the NFT space by OpenSea.
Secondly, Coinbase itself is now introducing its first web product with decentralized logins.
This is good for decentralization, not bad.
Feels much safer than open sea which is constantly hacked and I trust more than GameStop who says they are also launching and NFT store.
These relatively new technologies and structures have consequences that we're only just beginning to understand, so it's no wonder that laws are lagging.
People all in here claim to be "anti-authority" and "anti-fascist" but can't resist their impulse to control others' behavior.
Coinbase is a business, and the primary goal of a business is to win ... financially.
Any tool or approach that furthers that is to be embraced.
It's not a moral or ethical argument, it's strictly financial.
And this isn't Coinbase's doing, it's the game that the Western world (particularly the USA) has dictated.
All Coinbase is doing is being better at playing that game.
This is simply one of the purest manifestations of the ethos of Corporate America ... voted into power by the good ol' citizens of the US of A.
Trading-view does integration with brokers because it earns affiliate money.
Coinbase does sharing of orders or whatever to hype pump and dump and expose they did it through Coinbase.
That's literally not on the same league.