Meaning that some money that might have bought bitcoin will instead buy Coinbase stock,
That's like arguing against mining stocks in the precious metal community... nobody does that
I think Coinbase going public would be really bullish for Bitcoin, because a lot of people might join who dont want to directly invest in crypto but wouldnt mind investing in a company in the Cryptospace. And when Coinbase is booming we will have more people asking/knowing about BTC and other Cryptos.
Edit: Can you get the Compound/Lumen in those links? It seems like nobody with an existing Account can.
https://coinbase.com/earn/comp/invite/8x4vqjm3
https://coinbase.com/earn/xlm/invite/tx1r2c40
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Each of the earn links only work for first few users, after that, people should post their own links for other people to be able to earn more... All users must have verified accounts, but the verification only takes few seconds using mobile phone.
Yea, that's pretty much my line of thinking as well.