A lot of th epromise of crypto to a lot of enthusiasts is freedom - freedom from traditional oversight. This can be both good, like being able to send money to people in countries with awful currencies, or bad, like when you don't have regulations to protect people. So it is kind of disappointing to see Coinbase basically reinvent traditional banking but on the blockchain, because then, what's the point?
You don't need Coinbase to move crypto. Sex workers were some of the first to use Bitcoin as an alternative payment. Meaning, a direct wallet to wallet payment.
However, some have indicated that it's not great. Many of their customers supposedly are drunk men. They greatly struggle to make the payment this way, and you can imagine that in this context it can't take too long, or the "mood" is gone.
