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    1. coinfeeds-bot on

      tldr; Coinbase’s sponsorship of a military parade commemorating the U.S. Army’s 250th birthday has sparked debate about whether the crypto industry has strayed from its anti-establishment roots. Critics argue that the sponsorship, alongside other corporate backers like Amazon, contradicts the decentralized ethos of Bitcoin, which was created as a protest against centralized financial systems. The event, coinciding with protests against President Trump’s policies, has divided the crypto community, with some seeing it as a pragmatic move and others as a betrayal of crypto’s original ideals.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Fear_Blind83 on

      Coinbase locking people out of their accounts, having their infrastructure go offline during important market moves, raping customers on fees, stealing funds, having non-existent customer support, selling user data to scammers etc are much more detrimental to the crypto space.

      On the list of the crappy things Coinbase has done to the crypto space, sponsoring a military parade is very low down in the rankings.

    3. CriticalCobraz on

      The America250 event, funded by taxpayer money, has attracted sponsors from major tech companies, including Coinbase, Oracle, Amazon, and Palantir. Coca-Cola, Walmart, and other corporations were also involved in the event.

      *America250*, the nonprofit organizing the event, has faced past accusations of fund mismanagement and *corruption.*

      Coinbase previously donated $1 million to Trump’s inauguration committee, and subsequently, the SEC dropped a lawsuit against Coinbase a month later.

    4. Coinbase ≠ Crypto as a whole

      Jesus Christ, I refuse to be fucking led into this whataboutism bullshit. Coinbase is a **COMPANY** that has a business model based around **CRYPTOCURRENCY** – but if Coinbase went belly up tomorrow cryptocurrency would do just fine without it in the long term. **Bitcoin** was created as a response to the rampant financial chicanery the banks were doing back in the 2008-2010 housing crisis, it will never be anything but „Anti-establishment“

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