You are indeed not dumb. Coinbase is a bit of an oxymoron. If decentralized valu... | Hacker News

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ra0x3 on June 4, 2022 | parent | context | favorite | on: Coinbase is rescinding already-accepted job offers

You are indeed not dumb. Coinbase is a bit of an oxymoron. If decentralized value exchange takes off, that will surely be the end of Coinbase. To a degree, Coinbase's demise is baked into crypto's success - which is kinda funny to think about. Coinbase has always seemed like a bit of a money grab, and crypto veterans sort've treat it this way.

chii on June 5, 2022 [–]

i expect the coinbase value-add is that you do not need to have key security (you trust them to handle it for you).

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