Coinbase Commerce drops Bitcoin for payments!

bitcoinStorage

bitcoinStorage

Failed to resolve a dispute resolution thread.
Joined
Jun 11, 2023
Messages
141
Reaction score
93
Coinbase says they will stick to ERC20 tokens from now on.

Insane!

It seems they don't like paying $$$ to move their btc deposits or could it be a surveilance move?

Though, it seems they will be working on L2 PlAtforms like Lightning Network... aka working on platforms where users have less freedom at the cost of "security"
 
Advertise on BHW
bitcoinStorage said:
Coinbase says they will stick to ERC20 tokens from now on.
Click to expand...
Ethereum is king for now. Can't say i like it because it's still expensive and hard to navigate through all the layers

bitcoinStorage said:
It seems they don't like paying $$$ to move their btc deposits
Click to expand...
I think this is most likely the case

bitcoinStorage said:
aka working on platforms where users have less freedom at the cost of "security"
Click to expand...
Are you insinuating a public ledger like Bitcoin with a majority of mining done by big industrial farms and 100% of transactions traced by bots is your freedom? Ok then

giphy.gif
 
I heard that they are now ONLY accepting Monero payments.... mmm
 
Their BTC fee has been always insanely high.
 
alurosu said:
Are you insinuating a public ledger like Bitcoin with a majority of mining done by big industrial farms and 100% of transactions traced by bots is your freedom? Ok then
Click to expand...
nah, im saying that in eth, getting your tokens is a lot easier than in btc.

for example, tether can freeze your usdt at their will.
usdc tokens can also be frozen at will
pyusd as well and so on

at least bitcoin they can't move it without the key haha

the point is they are moving to chains where they can do bad stuff a lot easier :/
 
bitcoinStorage said:
Coinbase says they will stick to ERC20 tokens from now on.

Insane!

It seems they don't like paying $$$ to move their btc deposits or could it be a surveilance move?

Though, it seems they will be working on L2 PlAtforms like Lightning Network... aka working on platforms where users have less freedom at the cost of "security"
Click to expand...
ERC20 are usually a lot more costly to move around than BTC, especially since BTC allows UTXO’s where you batch sendto a bunch of wallets within a single transaction. Maybe due to TX speed? ETH is a lot quicker in terms of blocks than BTC.
 
bitcoinStorage said:
Coinbase says they will stick to ERC20 tokens from now on.

Insane!

It seems they don't like paying $$$ to move their btc deposits or could it be a surveilance move?

Though, it seems they will be working on L2 PlAtforms like Lightning Network... aka working on platforms where users have less freedom at the cost of "security"
Click to expand...
It might be because of high fees on bitcoin and this users are shifting to other options. Since there are no users for BTC, they have disabled it.
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top