ICP on Coinbase Launchpad? Don't Hold Your Breath.
So, ICP's making waves again. Apparently, there's a buzz about it potentially landing on Coinbase Launchpad. Excuse me while I roll my eyes so hard I see my brain.
The "Rumor" Mill
Let's be real, these "rumors" are usually just planted seeds from the company's marketing team. "Oh, look, people are talking about us!" Yeah, because you PAID them to talk about you. Cosplay Deals Insider and Coin Bureau hinting at a partnership? Give me a break. It's the crypto equivalent of those "leaked" celebrity photos that conveniently drop right before their new movie comes out.
And the timing? Perfect. ICP's price takes a nosedive, and suddenly, BAM, "Coinbase Launchpad might be interested!" It's like clockwork. Gotta pump those bags somehow, right? I ain't buying it. But maybe I'm just being cynical...nah. According to a Coinbase Launchpad Rumors Spark Interest in Internet Computer, this speculation has indeed generated interest.
Deflationary Models and Other Fairy Tales
They keep touting ICP's "deflationary burn model." Oh, how innovative! You burn tokens to fuel the network. It's like burning your furniture to heat your house. Sure, it works in the short term, but eventually, you're sitting on the floor shivering. And let's not forget those "strategic partnerships" with Microsoft and Google Cloud. Partnerships don't mean squat if the underlying tech is still clunky and nobody's actually using it. 1.2 million active wallets? Okay, and how many of those are just bots and empty accounts?
And about the tech itself. It's supposed to be a decentralized global computer that powers smart contracts, websites, and dApps. Sounds great. But what is the internet even anymore? Is it just a playground for crypto bros and venture capitalists to gamble on the latest shiny object?
Regulatory Red Tape (and Other Nightmares)
Of course, the article mentions the SEC's new rules and regulations. Because nothing screams "decentralized revolution" like bowing down to government overlords, right? Coinbase would need to ensure compliance. Translation: more fees, more paperwork, and more ways for the man to stick his hand in your pocket.
The DFINITY Foundation processed over 1 million transactions per day during a testnet in 2020. Cool. So they aced a practice test five years ago. What about now? What about when actual real-world traffic hits the system? Will it crumble like a cheap cookie? Probably.
So, What's the Real Story?
This whole thing stinks of desperation. ICP's clinging to any lifeline it can find, and Coinbase is probably just using the rumor to generate some buzz of its own. It's a symbiotic relationship of BS. I'd rather invest in lottery tickets. At least then I know the odds are stacked against me from the start.
