Post
Topic
Board Service Discussion (Altcoins)
Topic OP
Ethereum, Bitcoin & Coinbase
by
kashivre
on 12/02/2015, 16:29:31 UTC
So, as some people know Ethereum will be released in the next few months...and this causes me to contemplate its effect on Bitcoin as a whole.

One thing for sure is crypto will become a lot more secure, with protection against fraud rising to an all time high. This will presumably have an effect on Bitcoin, the community and the way its viewed from 'outside'.

If a Crypto Exchange was to run on top of Ethereum, meaning the exchange is decentralized, the risk of fraud would be terminated, there would never be another Mt.Gox or 'money disappearing panic omgwtfbbq'ing' going on. If an exchange is safe, people would be more willing to part with their fiat and therefore we could see an influx of bitcoin investments (and in general crypto investments), once the potential of this new technology is realised.

This makes me wonder what stance Coinbase takes on this. If they don't evolve fast enough to become decentralized, another exchange will most likely take over and become the most adopted exchange.

If Coinbase were to work with Ethereum, I could see the whole crypto community benefiting. Coinbase would become safer, meaning more investments, momentum with Ethereum would build, and Bitcoin's price would rise substantially.

Thoughts...?