Any idea why Steem is not on Coinbase yet?
Coinbase just announced they have over 30 million users.
A massive milestone for any exchange, let alone a cryptocurrency exchange.
In fact, that 30 million number is more users than even Fidelity (roughly 27 million users), which just so happens to be the largest brokerage in the US.
In fact, Coinbase now has more users than E'trade, TD Ameritrade, and Charles Schwab... combined! Those three have roughly 28 million users combined.
Keep in mind those are the 4 largest brokerages/exchanges in the US, and Coinbase bests them all.
Coinbase just keeps on growing...
Coinbase said they added 5 million users in just the last 10 months.
For some perspective, they basically just added an entire E'trade in the last 10 months (E'trade has 5 million users).
(Source: https://twitter.com/alistairmilne/status/1153312781573218307)
Many thought their glory days were behind them after their growth rate seemed to slow in early 2018, however, with the bitcoin resurgence, it appears they picked right back up where they left off in terms of new accounts.
Why in the world is Steem not listed on there yet?
That is a serious question.
They are one of the largest (if not the largest) exchanges in the world in terms of number of users.
They seemed to favor coins that did not go through the ICO process, which steem did not.
Plus they seem to be open to adding more and smaller market cap coins now judging by some recent additions.
On top of all that, they have recently launched the Coinbase Earn program to help users learn about different projects while compensating them to do so.
Something that seems to be right up steem's alley considering steemit.com is its largest and most popular app.
I have contacted Coinbase numerous times personally about getting steem listed on there and I know several of my friends have as well... but am still unable to receive a legitimate reason why it is yet to be added.
So... @steemitblog @birdinc @elipowell @andrarchy @justinw @roadscape @vandeberg @gerbino @ned do you know why we are unable to get on Coinbase thus far?
Can we make this a priority in the near term if it hasn't been?
Stay informed my friends.
-Doc
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
Thanks.
We need to go viral.
What do you mean?
Something that attracts a bunch of people like what happened with tik tok or the 9gag to reddit migration years ago... We need something to put us on the map again.
Getting on coinbase would certainly be a step in that direction. Then, the next step would be possibly getting some large influencers to join.
you cant grow steem like reddit or tiktok because we cant onbaord and are limited to just a few hundred accounts per day now, check latest stats from @penguinpablo . sure sometimes @steem and @steemit start makinga ccounts at 20K in a single day but no idea what teh fuck theyre doing problyone guy at a computer trying to like go through AALL the new accounts... steemit and thus STEm ends up being so closed and the whoel account creation task is not spread out its bottlenecked wirth @ned not trusting anyoen with the steem and steemit account activekeys :D like he has to stakeup and use that shit to create free accounts using tools like https://steeminvitre.com maybe work directly with @pharesim or @oracle-d with steem.ninja invite system, because we HAVE to get the work of confirming new steem accounts to be done by some large volunteer workforce, of hiugh rep steemians who can like volunteer to do batches of account creation,and these steemians would be peopel who have so much tiem and money invested in teh platform that they have ZERO interest in onmbaording any scamm,ers or malicious peopel trying to grab multipel accounts, they would be people with only anincentive to help steem filter through account signups, as im sure thts the one thing bottlenecking us.... cant be RCs as Steem and steemit hav ethe SP to make MIlliuosn of free instant accounts per year, and right now were barely making a few dozen thousand a year its trerrible... 2 years and not even 2 million accounts its sad... we could have ten million at least so that we could have 1 million actiev accounst cuz now we have like 80k actiev accounts probly WAYless now actualy as people have left
remember DIGG.com and when peopel migrated from Digg to reddit?
if steem has a robust enough network of front ends, and we can build a big enough ecosystem of dapps for steem, and SIMPLY SUIDIZE FREE INSTANTA CCOUNTS for peopel WITH social media accounts, peopwl WORTHyof bringing onbaord, then psh, thinsg can be so great, i imagine even using volunters with high rep to do 24 7 live skype or discord video tech supprt for any new steemian, liek let steemians helop ortehr steemians ona ytecn support discord or telegram...
i feel liek possibilities are endless for ways to get STEEM the next REDDIt...
reddit never paid for marketing just $500 on STICKERS. i feel ned took that to hearttoo closely....
Steem CAn bit e a SIZABLE CHUNK of reddits user base and thus market share of eyeballs and attention.. but were better off making bots and stfuf for reddit and making he steem subreddit full of @banjo and other bot integrations, so peopel can tipin the subreddit, send each otehr steem and steem engine tokens, send upvotes that show on a bot from reddit comments, auto repost reddit posts onto steem and add BANJO as the beneficiary reward 100% and then add the reddit link and banjo will automatically see the original reddit user, and send thema DM with a redemption link to redeem whatever liquid steem (from SBD) Banjo got paid for the post that someoen reposted from r4eddit, onto steem, @banjo keeps the SP, refunds the SBD to actualk original reddit poster 7 days later maybe, witha simpel DM and also we can let people just accpet the steem from banjo to a bittrex poloniex or binance account for peopel without steem wallets. I WISH we had a steem app like @roelandp 's steemwallet but which was Loaded with enough free instanta ccounts, to keep up with all LEGITAMITE demand, and a simple DISCORD video call will be all that is required to redeem perhaps... BUT THE POINT WAS i wish peopel could just downlaod a steem wallet, and immiedtalystart using it liek with bitcoin , butiguess BTC has high POW feesd... (I wish i could pay for a 3 steem account creation fee WITHa voluntary fee aken out of my transactions for some wallet that gives you a free account...
i justw ish i could find a way foir @roelandp to determien who is legitamitely asking for a steem account for teh first time, so i could give him some INV token invite links, tht he could give out to ANYONEdownloading teh steem wallet.... hope maybe theers like some Hard Fork 22 for steem that allows for NON SOCIAL MEDIA steem wallets that would be liek free and just for sending a small number of transactions per day, and the account name would be a randomly gnerated one or something,
While this is true, I don't think there is the demand for that many new accounts each day currently... but yes if we suddenly had tons of demand for steemit accounts there would be a shortage pretty quickly.
Coinbase wants payment for listing.
Is that confirmed?
I read that a year ago that stinc is not willing to pay for the listing. I don't know for sure if true, but I read that on here 100%.
yea, I've read that too
Any chance you guys could find the link?
That would be interesting considering it says on the site there is no application fee...
I am assuming application fee is the same as listing fee?
https://listing.coinbase.com/
No, it is not the same. You can apply for a loan, doesn't mean you gonna get it. it's just an application.
A listing fee is for listing, no questions asked.
Yes true, though the wording talks about fees shouldn't be why a good project doesn't get listed...
Or, fees in terms of airdropping millions of coins to attract Coinbase users (earn.coinbase.com). EOS/Steller provides up to $50 in coins through earn project. Airdropping to coinbase users help coinbase's business. It can help STINC/Steem too. However, I have doubt of STINC's management's capacity to think about such endeavor..
We need STINC's competitor.
I think if they think it will benefit them, which it will, they will try to make it happen. I have confirmed they have reached out to them several times, but never got a reason why it hasn't gotten to the point of listing yet.
Even small exchanges require a payment to list. It's the biggest scam in crypto right now, throw up an exchange, wash trade with your own bots all day to fake volume then charge shitcoins to get listed on your very busy exchange, then vanish.
I agree that things like this should be Steemit Inc's highest priority. They will make more money getting STEEM on Coinbase than they will make through advertising in 20 years.
Yep I agree. They need to get this done ASAP. Even if there is a fee... the benefits likely far outweigh the costs... come up with the money and lets get it done.
Don't worry, Steem is coming to @coinbase and @ned and @elipowell will get to announce it on stage just like Steem Blockchain Inventor and Steemit Inc Founder @dan and Block.one CEO Brenden Blumer got the Coinbase exec to come announce eos on coinbase on stage in DC in June.... I feel like with Steemit theyre saving the steem coinbase announcement for steemfest this year 2019 ...
But Steem Will have a Coinbase EARN program on https://coinbase.com/earn where by watching AMAZING Animations explaining the Steem Blockchain, in 5 x 2-3 minute videos, you will be able to earn $2 to $5 to hopefully $10 worth of Steem , maybe $10 for first few weeks then it wil go down to save money to extend the program like other coins did on coinbase earn like EOS steller BAT ZEC etc ;)
I wish I shared your confidence. However, I think if that was the case I can't see them delaying the announcement. I think it would be announced pretty much right away. I hope I am wrong though! :)
Its not about delaying the announcement its about delaying the steemfest or the event for announcing the steem on coinbase. Block.one didnt make coinbase wait, they announced it a few days before the DC june 1st event for EOS.
Steem should be one of the next coins to be added because remember, we were on the list and all of these coins have been one by one added, we are just such low volume and low popularity that we will be added at the VERY end
... we still have to get past coins like digibyte and dogecoin :D
Binance is adding doge for FREE as a sort of charity to the "community" and coinbase could be next... dogecoin twitter users werent kidding :D
Steem has fallen a lot in the coinmarketcap rankings since that time... I think our odds of a listing are worse now then they were back then. That was almost a year ago at this point.
Dont play with my heart and imagination like that..... wake me up when that graphic is a reality.
Posted using Partiko Android
I fully agree with that.
Posted using Partiko Android
Same here.
100% true
Hopefully they make it a priority soon.
So obvious. So true.
Posted using Partiko Android
@steemitblog asked where people thought Steem should be listed next:
https://steemit.com/steem/@steemitblog/exchange-report-steem-deposits-re-enabled
As far as I can tell, no response to all of the people who responded Coinbase.
But my browser seems to be having trouble displaying the entire comment section for that post.
Thanks for the link.
Maybe the reason is that Steem didn't had a seperated wallet from the condenser site Steemit.com
I heard it was one of the problems why exchanges had problems to add Steem. But I agree there is huge potential in bringing Steem to coinbase, lets keep on trying!
Posted using Partiko Android
That could be. If that's the case they need to reapply now.
Agreed. There are so many "little" obvious steps that @steem and also even @steemit seem to have missed on the journey to mainstreaming @steem and @steemit wish someone could just take the ball and run with it already. @steem should really be much closer to the top 10. 20 even 50 at least since there are other coins and tokens that somehow rank higher which have no use case and no community but somehow rank higher than our beloved @steem. 😐
Yep, I agree.
Fully agree.
Posted using Partiko Android
Coinbase is not the measure of all things.
Good for Coinbase that it has so many users, I will leave Coinbase.
The following message is the occasion.
It's not, but it's a big one.
Greetings, @jrcornel
I dont know to much about this man, but, i think, it can be happen if steemit staff people make more propaganda
thank you and have a good night!!!
#palnet #zzan #sct
It should be a major priority if it hasn't been...
The listing page https://listing.coinbase.com/ on Coinbase says:
No application fees
For digital assets that meet our standards, we don’t want application fees to be a barrier.
https://listing.coinbase.com/policy#coinbase-mission-values shows what Steem would need to comply with.
Yes, thank you.
Yes, though it isn't clear if there is a listing fee... that says application fee...
Maybe the pre-mined tokens are too concentred and the high inflation of steem does not help.
Could be. Until we hear something from Inc, we can only speculate.
Could be. Until we
Hear something from Inc, we can
Only speculate.
- jrcornel
I'm a bot. I detect haiku.
Poetical.
I had thought it was due to their thoughts and hesitation for DPOS based blockchains but after listing EOS, I wonder what has not allowed them to get to the next stage as now even nodes are less expensive thanks to the efforts of the Steemit engineers. Let's see what lies ahead as they may be awaiting for the upcoming Hard Fork first.
In theory, steem should have everything needed to get a listing... not sure why they don't.
Basically exchanges and sites like Coinbase only need block explorer to verify transactions in case of wallet sync errors, and of course separate wallet daemon or wallet daemon integrated in node daemon. Source code of Steem command-line tools are not the easiest to work with and that might be a barrier for listing. It doesn't really help that running Steem node requires quite a lot of I/O resources. Some exchanges that already did list Steem have disabled it because of daemon instability.
Does the migration to MIRA change any of that?
I don't think so... MIRA might reduce RAM usage, but doesn't really change the complexity of blockchain internals and the code itself. Nowadays RAM is cheap, but disk storage is expensive due to higher price per TB of solid-state disks (SSD).
Couldn’t agree more. Steem is such a perfect fit for Coinbase and the Coinbase Earn Program. Have you tried contacting @elipowell or @andrarchy about this?
Sort of, just by this post and their names attached, plus a post a while back doing something similar...
Yeah, hopefully @elipowell sees your mention. With your post a while back on marketing Steem, I linked to your post in a reply on one of @elipowell’s posts, and she upvoted my comment, so I know she saw that one. But not sure if she has notifications turned on for mentions.
Awesome, well thanks for your help either way! Hopefully we see some positive things from it.
I would buy steem more often if it was offered on coinbase.
Right now, I buy litecoin and transfer to steem. Because I don't want to pay a lot for exchange rates, I don't buy unless its $25 or $50 at a time.
If steem was on coinbase, I would let myself buy at least $5 every week. Every time I felt like having a coffee and didn't, I would buy steem.
Yep I think a lot of people would... getting on there needs to be mission critical.
Well they probably have watched whale problems, and then our CEO say well thats all folks, and then try and come back.
The CEO is not the CEO of Steem. That is a steemit.com issue. I don't think that is the reason, and the whales issues are more of a steemit.com issue as well. Though, the concentration of stake in the main steemit,inc accounts could be part of it...
WTF COINBASE?????
Send them an email and complain.
Congratulations @jrcornel!
Your post was mentioned in the Steem Hit Parade in the following category:
Thanks.
The answer is ... blame Asiff Hirji (formerly of Coinbase).
Why is that?
"At times, the conflict between the two men, which hasn’t previously been reported, became so intense that their interactions devolved into shouting matches, according to two people who observed the episodes and others who were told about them. Mr. Hirji, a former executive from stock brokerage TD Ameritrade who was accustomed to working in large organizations, lobbied for Coinbase to prioritize attracting financial institutions to its services. Meanwhile, Mr. Srinivasan, an experienced Silicon Valley startup founder, wanted Coinbase to cater more to individuals by aggressively expanding the types of digital currencies in its exchange, including some that occupy a regulatory gray area."
https://www.theinformation.com/articles/inside-coinbases-executive-turmoil-conflicting-visions
Interesting. Judging by his departure and by the coins they have added recently, steem may have a chance again...