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RE: Steem on Coinbase? Let's do this!

in #steem6 years ago

@therealwolf while typing my shill comment a thought came to mind.
Why would Coinbase support steem when it has no transfer fees?

The only way it would work is if they also offered something like an exchange service to trade the steem for btc/eth.

I don't think Coinbase wants to go in that direction. What do you think?

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Dear @ulqu3

typing my shill comment

Shill ? I've seen people using this word number of times but I still have trouble understanding what exactly does it mean? Would you mind telling me what do you mean by "shill comment"?

Yours
Piotr

Hello @crypto.piotr
To Shill something means to hype it or encourage/convince others to want/buy/join it.

Usually with a somewhat negative connotation and implication of being paid for it, like shilling for a company when there's bad news in the press

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That said, its kind of losing its negative connotation rapidly as people joke and make statements about shilling as a joke. A lot of my posts end with me doing something like this:

Shill 1:

Steem Domains Ad 1.jpg

Shill 2:

upvote service 3.png

.... When you do it in a somewhat comical way it kind of smooths your shill over a bit. One dude runs around these parts with the name ShillMaster. So yeah, definitely becoming the cool way to say advertising....

I'm pretty sure coinbase charges exchange fees, meaning no transaction fees wouldn't matter. I think the last time I used to buy btc it was around 1.5% maybe? And I think they might charge (extra) transaction fees on top of that as well.

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@ulqu3
They still can charge deposit/withdraw fees.
For instance, when you buy STEEM on Poloniex and withdraw it to your Steem profile, they charge you 0.01 STEEM for the withdrawal.
Coinbase will probably do the same.

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