"People who delete Coinbase don't actually use it," says Charlie Lee

16 Mar, 2019
by Richard Allen
Opinion
People who delete Coinbase don't actually use it, says Charlie Lee

The latest episode of Magical Crypto Friends featured Litecoin creator Charlie Lee, Samson Mow, Riccardo Spagni and WhalePanda. During the episode, Charlie Lee said those who are deleting their Coinbase accounts were the ones who weren’t really using it in the first place.

Coinbase, one of the largest cryptocurrency exchanges in the US, took flak recently after rumors began ciculating that the exchange violated its own policies to list XRP. This was made worse after it became known that members of Neutrino – a blockchain analytics firm - were past members of Hacking Team. The exchange suffered heavy backlash and the #DeleteCoinbase movement was born.

Read more: Coinbase's listing of XRP was their "independent decision" says Ripple exec; Coinbase responds to criticism surrounding the acquisition of Neutrino

During the episode, Lee touched on the subject, stating “I thought, like, people have been deleting Coinbase for a while now, right? I guess this Neutrino thing really brought this back out and people are, like, more upset about Coinbase and actually going out and deleting their accounts. But, you know, from my point of view, people who actually delete Coinbase, don’t actually use it anyways, right? So, it’s not really going to affect anything.”

Spagni, often referred to as Fluffypony, had a similar opinion, but added that the debacle would likely have a trickle-down effect. He stated that the #DeleteCoinbase movement will likely deter newcomers to the crypto scene from creating an account with Coinbase.

Read more: Coinbase Pro announces new fee structure, other changes

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Read more about: Coinbase Charlie Lee

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