Speaking to Financial Times, co-founder of the San Francisco-based Bitcoin exchange Coinbase, Fred Ehrsam said, “In 10 years I think we are going to be sitting here and the internet will look a lot prettier because Bitcoin came into existence.”
Bitcoin’s Killer App Will End Spam
Danish Bitcoin exchange CCEDK launched a crypto-debit card recently and called it the “killer app” that the Bitcoin community deserves. However, Fred differs saying that Bitcoin’s killer app will end spam.
“The internet has never had economics properly embedded into it. Say you pay one-hundredth of a cent to send an email, spam email dies overnight. Who would create a bajilion Yahoo email accounts? It is no longer economically viable.”
The former Goldman Sachs trader believes that the possibilities of a killer application are endless.
Market Orders Now Available on Coinbase
In a recent blog post, Coinbase has announced that users can now place market orders on Coinbase Exchange.
Market orders differ from limit orders in that they are executed at the best prices while the latter is executed only a fixed price.
Take a look at the image below for better understanding.
A user can select ‘Buy’ or ‘Sell’ on the order ticket according to his intended operation, and should then select ‘Market.’ The transaction amount can be filled below this and finally, ‘Place Order’ should be clicked for confirmation.
The new offering comes just over a week after it launched its Referral Program, which allowed existing users to earn $25 of free Bitcoin for every new user they bring to Coinbase who makes a purchase of $100 or more of Bitcoin.
Coinbase is also open to discussing more features which would make the exchange the best place to trade Bitcoin. So, if you have something in mind, post it in the Community Forum right away.