Coinbase

[QuarterMillionMan]

Cryptos that I bought with legal tender; Bitcoin, Etherium, & Litecoin.

Cryptos that I got for free thru "learn & earn," Stellar Lumen, Clover, The Graph.

[james.hendrickson]

Just got a couple more altcoins from coinbase. The word "relentless" comes to mind when I think of their learn and earn program.

[kork13]

Are you able to readily exchange them for either cash or another more mainstream crypto coin?

[james.hendrickson]

Are you able to readily exchange them for either cash or another more mainstream crypto coin?

Yes, but Coinbase charges a buck a trade.

[LivingAlmostLarge]

where's your squid money?

[james.hendrickson]

And three more bucks worth of crypto. Some of this stuff is likely to be worth something some day.

[james.hendrickson]

where's your squid money?

Um, well I don't do well speculating. The crypto space has a steep learning curve, so I've been focused on trying to balance growth and risk.

[QuarterMillionMan]

Thanks James for putting out the word about "learn & earn," I got more free cryptos.

[james.hendrickson]

Thanks James for putting out the word about "learn & earn," I got more free cryptos.

Oh I'm glad QMM. Its basically a spigot of free assets. You might as well get the value while the getting is good.

[james.hendrickson]

Picked up another sample of a cryptocurrency called QNT. This one focuses on building applications that let blockchains communicate with one another.



I've been watching this space for a while, and this isn't the first company that is focused on the cross chain application space.

What is probably likely in the future is that the cryptospace will end up a lot like the internet - where over a decade or so you'll see one or two major players emerge in dominant positions. A good example of this would be google (for search) or CISCO (for router and switches). The ultimate question here is: which of these companies are going to be in the dominant position? And at this point I just don't have enough knowledge about blockchain technology and user adoption trends to make a good judgement.

In any event, it seems fine to take Coinbase's free samples as long as you don't get too excited about the particular cryptocurrency.

[james.hendrickson]

And here is another tranche. Its relentless extra money.

[cloeknox]

At the moment, the exchange has a big problem with security. When you copy your wallet address to Coinbase to receive cryptocurrency, the wallet address is immediately spoofed, and the money is transferred to the address of scammers. I suspect that this is done by coinbase employees because address substitution happens when copying the address to receive funds on this exchange site. That's why before sending the address for cryptocurrency receipt, paste it into notepad and compare it to the address indicated in the QR code window (the first symbols should coincide).

[james.hendrickson]

And...there is another drop on coinbase earn. Gotta love it.

[james.hendrickson]

At the moment, the exchange has a big problem with security. When you copy your wallet address to Coinbase to receive cryptocurrency, the wallet address is immediately spoofed, and the money is transferred to the address of scammers. I suspect that this is done by coinbase employees because address substitution happens when copying the address to receive funds on this exchange site. That's why before sending the address for cryptocurrency receipt, paste it into notepad and compare it to the address indicated in the QR code window (the first symbols should coincide).

Actually, this is solid advice.

[james.hendrickson]

And one more drop - this one from a company that's crowdsourcing digital resources for 3-D artists who need to do computationally intensive image rendering.

Coinbase earn is the digital equivalent of Costco samples - its basically to get you in the door and build some basic market knowledge about startups that Coinbase is investing in.

At some point, some of the companies are going to be worth something. So, I'm fine to get my free samples every couple of weeks.