It’s interesting you bring up up marketing, I noticed Crypto.com sponsoring UFC, I think they started being a major sponsor this year maybe last. As much as I love mma, I don’t usually align with the sponsors and couldn’t decide whether to look into it not. I read more about the staking but got uncomfortable and didn’t go through with it.
Ads in meatspace present significant value to all blockchains at this point. You noticing and researching it is exactly why such spends are valuable. CryptoDOTcom is a decent on ramp for fiat, but I am mostly neutral on them as a platform. It's better than Coinbase, but I have mostly disrespect for centralized exchanges.
Great points as always. The staking you mentioned on OkCoin looks better, and had I not already researched Crypto.com maybe I would have been more opposed to it, but also that it gives BTC not other crypto was more in my comfort zone, and that crypto.com had changed their staking coin or whatever stressed me out.
I had what would now be considered a very large position in CryptoDOTcom back when they first made significant changes to their staking system, and I (along with many others) at the time sold my entire position (just converted to ETH) because I didn't like how often they changed things without letting investors know and worse went against their previous word to investors. Like exchanging the original governance token (MCO) for the new governance token (CRO) after explicitly telling us this would not happen (and only after CRO 22xed due to insiders buying it). Left a sour taste in a lot of investors mouths who had supported the initial roll out of the Crypto debit cards. They have done better since then, but I don't care to go back and re-invest, that sort of attitude towards investors is always a bad sign long term and is the problem with centralized platforms.
For now, CryptoDOTcom and other centralized exchanges are good on-ramps for fiat currency to enter the crypto space, but in time, investors need to graduate beyond using these and move further into decentralized spaces. I am making a FAQ post and will open it to Q&A's to discuss the why behind this opinion and will roll it out this week.
It’s interesting you bring up up marketing, I noticed Crypto.com sponsoring UFC, I think they started being a major sponsor this year maybe last. As much as I love mma, I don’t usually align with the sponsors and couldn’t decide whether to look into it not. I read more about the staking but got uncomfortable and didn’t go through with it.
Ads in meatspace present significant value to all blockchains at this point. You noticing and researching it is exactly why such spends are valuable. CryptoDOTcom is a decent on ramp for fiat, but I am mostly neutral on them as a platform. It's better than Coinbase, but I have mostly disrespect for centralized exchanges.
Great points as always. The staking you mentioned on OkCoin looks better, and had I not already researched Crypto.com maybe I would have been more opposed to it, but also that it gives BTC not other crypto was more in my comfort zone, and that crypto.com had changed their staking coin or whatever stressed me out.
I had what would now be considered a very large position in CryptoDOTcom back when they first made significant changes to their staking system, and I (along with many others) at the time sold my entire position (just converted to ETH) because I didn't like how often they changed things without letting investors know and worse went against their previous word to investors. Like exchanging the original governance token (MCO) for the new governance token (CRO) after explicitly telling us this would not happen (and only after CRO 22xed due to insiders buying it). Left a sour taste in a lot of investors mouths who had supported the initial roll out of the Crypto debit cards. They have done better since then, but I don't care to go back and re-invest, that sort of attitude towards investors is always a bad sign long term and is the problem with centralized platforms.
For now, CryptoDOTcom and other centralized exchanges are good on-ramps for fiat currency to enter the crypto space, but in time, investors need to graduate beyond using these and move further into decentralized spaces. I am making a FAQ post and will open it to Q&A's to discuss the why behind this opinion and will roll it out this week.
meatspace is a great term btw hahahaha
Enjoying🎢↘️🎢↘️ the ride.