SolidSnake wrote on 2
nd Sep, 2016 at 1:15am:
Hmm.. those chills on the back of your head huh?

Well.. there can't be just 1 option for bitcoin so I don't think it can become another PayPal.. if a site is trusted it can always offer a more direct approach to its bitcoin customers, right?
The reason bitcoin was created was to allow a currency that belongs to everyone and noone at the same time, wasn't it?
In the early days of paypal, there were quite a few payment processors vying for online payment champ. Many failed but, because paypal had their act together, they became the go to processor. You guys probably remember that. There was paypal and there was everybody else.
Once paypal grew big and 'safe', that is when the money flowed in and they began to dominate
Well, I believe that coinbase is doing the same thing. We have many BTC exchanges but we also have many blowing up. Coinbase is the one that seems to have their act together the most at this point
They are also backed by a bank (which is, of course, counter to everything BTC stands for) but that also gives them the backing to build and add services. So that is actually helping to speed their growth. Once that takes place, then they can start marketing like mad and will be able to expand like crazy at some point.
They may even start buying other exchanges. Assuming they don't implode like others have I think they have a pretty large lead and are building that name recognition and 'safety' factor that people want for their money
I actually asked them if they offered shares to their customers because if they ever go public, the shares could really explode
Anyway, that is pretty much why I said what I said. I understand BTC is independent but I think CB offers and will continue to offer the best BTC services going forward