It is a fair assessment as any project that raised money in the form of initial coin offering should be considered as a security, exchanges wont be happy as they will be loosing out on billions worth of trading volume and their profits will take a huge hit. Either way majority of these alts will go down eventually and it is fair to follow this precedent and will wipe out the scam projects.

Even if it was an order Coinbase has all the rights to refuse and have their day at court, I mean delisting hundreds of coins so suddenly was bound to affect its operations and its customers, most likely causing it to fail at some point in the future, Coinbase as a business cannot accept this so they are going to fight with everything they have for their right to list all the altcoins they want, will Coinbase succeed? I doubt it, as the majority of the altcoins out there do seem like securities to me.

They can't legally do it, because all those coins and their creators weren't indited in court.
Innocent until proven guilty, am I correct?

The procedure is well known and we had a glimpse of it in the XRP case. Don't get me wrong here, I feel like XRP is a security, but it wasn't proven yet, so even XRP that has an ongoing case should not be delisted yet. Other coins that have no cases against them are untouchable for now.

That said, many of them are total scams like that shitcoin HEX, but the SEC has yet to win against them one by one.

I don't really see how you could call that a win-win: the SEC is clearly abusing its power, they not making clear rules and they are not giving straight answers on purpose, if you are a bitcoiner there is no way you could support the SEC and its behavior because that would mean that one day they can just ban bitcoin without giving any explanation. They simply can't do what they are doing.

That seems to be it. We're all riding what's currently with the waves now but as soon as we've figured out that Bitcoin is the future and it will definitely shine, we want to hold on to it. While with these companies, puppets, people, and behind them. We don't care about them, we only care with what they do and what's going to be the actions they make to the market because that's where we're going to capitalize and decide our actions based on what they do.

The advice isn't wise. It's putting an end to the ability for anyone to innovate and create something of high value. There are a lot of great creations surrounding Bitcoin. There's no reason why they should be stifled just because one agency says so. I'd say the motives behind telling Coinbase to do it were not with good intent either

It's a little naive to call everyone involved in things outside of Bitcoin, shitcoiners. Eth and layer2s are not shitcoins. New solutions with potential to serve additional purposes alongside Bitcoin, are not shitcoins.


Once blockchain and cryptocurrency are recognized as a legitimate, regulated form of finance in both the US and globally, then this might not be the case. There are technologies which provide a similar level of value in comparison to Bitcoin.

Bitcoin is the center pillar of freedom, liberty, privacy and ever feature that gold and cash represent. As long as it lives, it breathes life into the possibility of transparent digital finance. Each creation contributes both to Bitcoin and to those who govern the creation.


Neither is Bitcoin. Yes, these projects are more volatile because they are creations who are still finding their true value. No, owners can not just 'make changes' if it is a true, non-scam altcoin/token. If this is the case, then it's not something that is recognized as a token/altcoin. That would be a scam - which coinbase do not list.


Bitcoin is more mature, and yes you need more care to explore further than Bitcoin. Though that doesn't mean that everything other than Bitcoin should be labelled as a security.