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RE: Coinbase just announced their index fund

in #coinbase7 years ago

I will not touch this with a 10 inch pole.

  • 2% annual fess is simply insane and designed to minimize Coinbase's risk.
  • There is not protection being offered if their security fails.
  • You are forced to invest in all coins supported by Coinbase.

This gives us no advantages. Hold your own coins, you don't need anyone to manage your coins foe you.