Episode 66 - Is web 3 actually for the little guy? If you follow Coinbase tokens, maybe not.

Good morning! I spend this morning talking mostly about Coinbase. I start with an overview of Coinbase and the difference between Coinbase exchange, Coinbase PRO and Coinbase Wallet. Then I get into an article I found that was retweeted by Jack Dorsey that talks about how the VC-backed coins that get listed on Coinbase have actually performed terribly against Bitcoin and Ethereum. Many people think a project has "made it" when it gets listed on Coinbase, but the author seems to prove that this is not the case. Anyway, alot of people say web 3.0 is for giving "the little man" a chance, but it actually is seeming to cause problems for the liquidity of Bitcoin, as the amount of little men that web 3.0 is actually freeing is pretty insignificant. Interesting thesis. Sorry it took a really long time to get to the point in this video

Sources:

https://startupsandecon.substack.com/p/you-dont-own-web3-a-coinbase-curse

https://www.coinbase.com/

https://blog.coinbase.com/goodbye-toshi-hello-coinbase-wallet-the-easiest-and-most-secure-crypto-wallet-and-browser-4ba6e52e4913

https://pro.coinbase.com/ https://www.quora.com/What-is-the-difference-between-Coinbase-and-Coinbase-wallet

https://www.investopedia.com/crypto-com-vs-coinbase-5188428