When there's a sudden, significant price burst, they seem to reliably flop. Look around, they have that reputation. It seems they first fail, then scale, so the fact that they first failed on the 16th and have stayed up until now isn't surprising. I'd love to pat them on the back, but this is the same old Coinbase, and with all their means they should surely be able to scale quickly by now.
More and more companies are integrating with Whatsapp and building on the assumption that the majority has or will install it. And as they continue layering on the convenience of being a payments platform alongside Libra/Diem, it becomes another WeChat, and eventually you may require it to do everyday purchases, company interactions, bookings, etc. This is especially true in emerging/unbanked regions. Signal/Telegram/etc are focused on being messengers, while Whatsapp is part of a broader, increasingly indispensable platform and network, with social hooks. I worry the choice will be made for us as to whether we install it or not, since only a minority care about privacy.
November 26's dump from 18.9 to 16.2k https://status.coinbase.com/incidents/yjq3bch7zgt1
When there's a sudden, significant price burst, they seem to reliably flop. Look around, they have that reputation. It seems they first fail, then scale, so the fact that they first failed on the 16th and have stayed up until now isn't surprising. I'd love to pat them on the back, but this is the same old Coinbase, and with all their means they should surely be able to scale quickly by now.