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Coinbase’s Betrayal: How Coinbase’s New Blockchain Will Disrupt Its Own Empire


Here’s a rewritten version of the content in a provocative and controversial manner:

The Coinbase Revolution: A Betrayal of the Crypto Dream

Coinbase, the behemoth of cryptocurrency exchanges, has just launched Base, its own layer-2 blockchain. But is this a bold move towards decentralization, or a desperate attempt to cling to relevance in a rapidly changing industry?

We’re thrilled to have Jesse Pollak, Coinbase’s head of protocols and creator of Base, join us at TechCrunch Disrupt 2024. But don’t expect him to sugarcoat the truth. As the crypto space matures, the question on everyone’s mind is: has Coinbase abandoned its core values of decentralization and transparency?

The Original Sin of Coinbase

When Coinbase first burst onto the scene, it promised to make buying, selling, and trading cryptocurrencies easy and secure. But as the company grew, so did its ambition. It became a behemoth, with a stranglehold on the market. And now, it’s trying to pivot to on-chain products, claiming it’s all about decentralization. But is it just a desperate attempt to stay relevant?

The Decentralization Myth

Decentralization is just a buzzword, a marketing gimmick to make us feel good about ourselves. In reality, it’s just a way for big players like Coinbase to maintain control while giving the illusion of freedom. And Base, Coinbase’s layer-2 blockchain, is just the latest example of this deceit.

The Real Reason Behind Base

So, why is Coinbase building Base? Is it really about decentralization, or is it just a way to create a new revenue stream? We’ll get the inside scoop from Jesse Pollak himself at TechCrunch Disrupt 2024. But don’t expect him to tell us the whole truth. After all, Coinbase has a reputation for being opaque and secretive.

Join the Conversation

TechCrunch Disrupt 2024 takes place on October 28-30 in San Francisco. Don’t miss this opportunity to hear from Jesse Pollak and join the conversation about the future of cryptocurrency and decentralization. But be warned: the truth may be more controversial than you’re prepared for.



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