coinbase is releasing the “base app”
- shitcoin wallet
- shitcoin trading
- social network
- social games
- encrypted chat
all rolled into one with usdc zaps
Discussion
crazy work 😨
HFSP
Seems like Fedi if Fedi was a steaming pile of dogshit
nostr:npub1uq70uqgas9pyhds2zt57kr9se8rg3s68ztphjnq82ts8rzeknmeql7u0c2 should integrate Nostr and https://www.spark.money/ instead of this fedimint thing.
American WeChat. No thanks.
Fiat zaps? No thanks
We can have Bitcoin zaps on X: https://chromewebstore.google.com/detail/bitbit-spark-bitcoin-wall/fngpibmhccdaokelgaccddiehlggihlo
Nostr is the only social network, any other one feels like antisocial. Or it's just me.
They'll do anything but support #Bitcoin.
It's actually insane the more I think about it. They're not trying to bank the unbanked or empower the world by bringing them on chain. They're trying to get people in their ecosystem to hook them on gambling and pump their bags.
Who?
it's gonna fail so miserably
It’s giving: “What if MySpace and FTX had a baby… and that baby was raised by Gary Gensler?
I downloaded it and try the beta , can’t say much at the moment as still too early to judge .
BASE app: for when you want dopamine, surveillance, and inflation…all in one tap.
Wouldn’t their main goal be to partner up with all of the existing digital trash yards? (FB, insta, x,…)
Imma tell folks nostr is the new coinbase app.
🤮
So how do you sign up to that? Do you need to be kyc-ed? Ie is it tied with your coinbase account? Can you be anon/pseudonymous on there? 🤔
The money printers are literally printing stablecoins now so this is where the Cantillon effect spigots spew.
Ghey
It’s open source unlike coinkite. Trust trump
That timeline is just gonna be gambling addicts blasting their short-term technical trade theories all day. These people don't need socials; they need a support group.
Is it actually settling on blockchain?
Stay humble, use nostr, stack zaps ⚡️
This looks like hell
Sadly, many will fall for this "scam"
Nostr a head of the curve 😆
They’ve run out of ideas but need to keep “growing” because pub co. Zero creativity
Nostr ➡️ Zaps ⚡
Coinbase ➡️ Craps 💩
lol, yuck
sooo, Zebedee, but for shitcoiners?
I don't know to what extent in the future, this will be possible, but surely it will be something highly requested by more users in #nostr
People know more USDC than #bitcoin
People need to spend more of their bitcoin instead of just holding it like it’s some sort of golden statue ..
Then it will give more liquidity and adaptation .
The dystopia will continue until moral improves.
That sounds nonsensical
Hmmmm. Ugh.
omfg🤣🤣🤣🤣🤣🤣
This is good for nostr. Degenerates will gamble the heck out of their lives while unknowingly learning how value-for-value zap systems actually work. It’s the first step toward normalizing permissionless value-based txs and once they realize they dont need coinbase in the middle, they’ll end up on nostr for real.
Stupid
“Explore millions of coins across popular chains.”
When BTC takes a massive shit and Coinbase shuts down trading, what are the chances they also shutdown their social network as well?
I’m calling 100%
*Sigh*
Glad we have Nostr
Obligatory "fuck coincasinobase"
I'm a fan of the app store
Shitcoinbase. Always has been.
Sounds gay
At least on nostr people only talk about the price of bitcoin. Imagine all the different coins these people are going to be talking about the price of. It'll be like being trapped in a bingo hall.
Anyone feels repulsed by this?
Come help build on top of bitcoin, sats denominated.
I look forward to seeing how bad this app fails during the next bear market.
Worse privacy than AI products
Amazing
I don’t understand their obsession with putting everything “on chain”.
It’s just one big grift.
So you understand it!
Fuck Coinbase
I’ll repost this from Marty’s post because this cannot be stressed enough:
“…something comparable to WeChat in China” is a nod to how WeChat / CBDCs in China have completely enslaved and destroyed millions of people. There is a burgeoning generation of homeless there who failed to meet credit scores, so now can’t bank, can’t rent, can’t work. There are countless vids of young people living on the streets because WeChat/CBDC/Credit Scores completely, completely fucked their lives over.
Coinbase is positioning itself for this in the US. Because Coinbase is now a US Gov’t affiliate entity.
Anyone too retarded to self-custody will have to answer to their homeless children for their failure as a human being.
The US lacks the ability to force a WeChat, but may have the ability to force a CBDC. What Coinbase is doing is in no way an independent decision. Zero chance this is a non-Gov’t agenda.
Ah yes, China with some of the highest home ownership in the world has a growing homeless population because of their access to the internet yeah lol
Sounds like american projection to me.
It's always the capital of homelessness USA where people accuse China of nonsense based off their own experience of living in USA
China has very little home ownership.
Most people rent/lease apartments, and while many Chinese men claim “ownership” of a condo-like space in an high-rise complex - b/c customs strongly stress a man owns a home before asking a woman for marriage - in reality these ownership contracts are really just paper “shares” in an unlivable ghost city, and they get bought and sold like stocks here in the West.
In China they don't even pay property taxes.
A one off fee instead of paying every year.
If you become unemployed you can keep your house because there are no property taxes. A single fee paid once every 75 years.
And out of the cities, no fee for family owned lands, ever, the land can't be taken. No fucking banks foreclosing on people's farms.
But Americans will literally just tell you about USA and then say they're talking about China.
Credit scores stopping people from getting loans? Ah yeah that's USA and the west in general.
Like every accusation against china always turns out to be a confession about the west.
Americans and Eurocucks keep making up fake nonsense like this about China to make themselves feel better about their own shitshow which is significantly worse.
Imagine being so retarded that you think the government is forcing people to use wechat or that there are credit checks to use it, or that it's the only payment option.
Let’s get our man in China nostr:npub1yy3uc7y85faxy5cwq8f574yda3j9457p7r9h2ymlkwlx6lp8f4vsy4kawc in on this
Hold on a sec. Who is this “Marty” you are referring to? Not Marty Bent?? He should know better. That attributed quote is complete nonsense. I live in Shanghai and none of what he said is at all accurate.
Additionally, Coinbase does not have all the Bitcoin in custody that they claim to have
Just watched their full launch presentation. Here's my hot take.
Same pitch as Nostr in many ways:
"Built on open protocols"
"Own your social graph, content"
"Empowering creators regardless of their jurisdiction"
"Build permissionless apps"
Here's what's gross to me. Their profits will be made from the built in shitcoin casino. So theyre incentivized to make people gamble and speculate everywhere they look. People with more status will be shilling their bags and dumping on the speculators.
Also, all of this is built off of Ethereum.. which is down all time when priced in Bitcoin. Of course you're gonna need a shitcoin casino to try and keep up and not "miss those 2am pumps" as one dev referred to.. of course you'll want to generate a yield on your usdc as promised by base. All of this is a failure to realize thst Bitcoin is the money and everything else is hype or just dying a slow death.
All of this is the opposite of what I consider "based"
What's based in my definition of the word is leveraging a truly decentralized protocol to create value online and in the real world. Building an online brand on a foundation that you own, Monetizing your content or products with the best money and using that leverage to enjoy more time in the REAL WORLD is based.
I'm bullish on Nostr because of the primary group of people bootstrapping the protocol. BITCOINERS. We're playing a long term game. And over time, as we gain more influence and power as the purchasing power of Bitcoin rises, our culture will infultrate the masses. The tools for everything we need to do online will be built on Nostr.
*Disclaimer* I'm yet to try base. Farcaster obviously isn't my thing although I take a look every now and again tp see what they're up to. I can't steel man the case to put everything on chain.
Here's the full presentation:
https://x.com/baseapp/status/1945604276941885472?t=jKrYcwivULXAL5VaJbTu4A&s=19
What tagline is most appropriate for #baseapp?
A) Get scammed all in one-place
B) aspiring to be the Chinese communist party
C) For people who never learn
trying to build a digital vegas in the digital desert.
coinbase is the Bugsy Siegel of “crypto”
What the..