@JamesWynnReal ....and if the majority are betting on price going down, it's going up. You have to be on the opposite side, which is why it never feels good when you buy when the majority aren't.
@Cointelegraph If they don't support it, Coinbase wins and banks lose. The Genius act spelled this out a year ago. If you don't think it's going to pass, you should be buying Coinbase.
@cryptorover If the Clarity Act doesn't pass, Coinbase wins. The banks are the ones running out of time, and the first deadline is July 18th. It shocks me that no one in Cyptoland read the Genius Act.
@AltcoinDaily If Clarity doesn't pass, it's business as usually for Coinbase. The big banks are the ones that need Clarity to pass, and time is not on their side.
@AltcoinDaily Read about the Genius Act. July 18th is a deadline. Probably also why Coinbase is quietly waiting for are government to do what they do best, nothing.
@sama Everyone is betting on Elon, it's apparent in the P/E of both his trillion dollar publicly traded companies. You don't have to be a genius to understand this.
@sama Everyone is betting on Elon, it's apparent in the P/E of both his trillion dollar publicly traded companies. You don't have to be a genius to FIGURE THIS OUT.
From Grok...Coinbase's internal systems struggle to handle high volumes of Solana transactions at the network's native speed, leading to backlogs during activity spikes even when Solana itself is operating normally.
This is a recurring issue for Coinbase, as seen in prior incidents, where their infrastructure fails to validate and process inflows/outflows quickly enough compared to Solana's typical near-instant finality.
The exchange is scaling infrastructure and collaborating with Solana teams for long-term fixes, but delays persist until their systems catch up, while user funds stay secure on-chain.
Explain Solana transaction finality
Investigate Coinbase infrastructure scaling
Clarify user fund security status
Think Harder
@CoinbaseSupport Grok said that Solana is too fast for Coinbase's network, and this has been an ongoing issue for base. I've been waiting 9 hours for my transfer.
@dethective Just doing what all politicians do. Being elected is like winning the Golden Ticket. At the end of the day, they all protect their Golden Ticket.
@nottellingyou73 Retail left in 2022 and never came back. You are speaking to a very small audience. The majority are getting their fix on AI, Polymakret, and Kashiβ¦Bitcoin is the last thing most are thinking about.
This idea from some people that the government should heavily tax @elonmusk - the world's best capital allocator - and transfer a significant portion of that wealth to the government, one of the worst capital allocators, makes little sense, especially since much of his earned wealth exists because the companies he built have become far more valuable by creating products and services people value and are willingly to pay for.
Elon may have a high net worth, but virtually all of it is tied up in company stock. He doesn't have tens of billions of dollars in cash. Taxing his wealth would likely force him to sell significant amounts of that stock, putting downward pressure on the share price and negatively affecting millions of people who themselves own shares in those companies directly or through ETFs, mutual funds, pension funds, and 401(k)s.
I think I saw somewhere that Elon's companies have paid over $100 billion in salaries. Those salaries are taxed. Beyond that, his companies have already generated enormous economic value for America and the other regions that his companies operate in.
You want Elon Musk to do good for the world? Great, he already is:
β’ Tesla: Accelerating the transition to sustainable energy and developing safety technologies like FSD that saves lives.
β’ SpaceX: Expanding internet access through Starlink in underserved and low-income regions, saving the U.S. government $40 billion (according to the Pentagon), and restored America's ability to launch astronauts from American soil again.
β’ Neuralink: Giving paralyzed individuals new levels of independence with brain chips. Next, they aim to give blind people the ability to literally see.
Taking capital away from someone who has repeatedly demonstrated an ability to turn it into productive businesses, jobs, innovation, and economic growth, and handing it to a government with a far less effective track record of capital allocation - doesn't strike me as a good trade. Elon's wealth isn't a bug in our system, it's a feature of living in a country where entrepreneurs have the opportunity to build companies that create enormous value for society.