Most of what I wrote here was about cryptocurrency and trading. I'd throw an occasional trip and some op ed in the mix from to time. While trading market cycles, I was just sitting on my hands for the most part. Not trading took a lot away from my weekly crypto rants and raves. Well, I'm back baby!
I'm going to restart this blog with a rant and rave! First off, let me vent a little about the Coinbase wallet.
What The Actual Fuck Coinbase!
Please excuse my frankness. But What the FUCK! Are you kidding me?
So I log into Coinbase the other night to withdraw some crypto and fund another trading account. When I go to withdraw I discover I now have to use the Coinbase Wallet App to withdraw coins. OK, no big deal. I was being a bit lazy and super stoned so I decided to leave it for another day. That day was today.
So this afternoon I set out to install the Coinbase Wallet App. I don't like having anything crypto related on my phone with the exception of 2FA apps. I do this for security reasons. I decide to get the Coinbase Wallet Extension for my web browser.
I download the extension, backup the seed phrase, and the 3 coins I want to transfer aren't listed. That's completely unacceptable. Apparently the only way to get them off is to sell them. Coinbase is making a LOT OF MONEY, this is unacceptable. The old system worked just fine. Why would they do this? It has to be for some legal reason, but honestly, I felt like suing them after the fact. OK, maybe I'm being a bit of a Karen, but seriously, WHY?
Is it just me, or is crypto getting more and more complicated? Seriously, the goal was to make it easier for people not harder! This is a rant for another day, but increasingly it seems everything in the industry is becoming more complicated. This is not how mass adoption takes root! Again, a rant for another day.
So after completely losing my mind and screaming at my computer screen, I decide to purchase some coins that were listed and I'd transfer those. I click the Coinbase Wallet extension I pinned to my browser bar and when I click on option to transfer my coins I get some weird error about an expired token. For fuck sake guys! This is a terrible first impression!
At this point, I completely give up on the browser extension and remove it from my computer. What an absolute disaster!
Seriously, I've never been a huge fan of Coinbase, but this is ridiculous. I'm to the point that I absolutely hate American exchanges now! I have from the start, but this is completely unacceptable.
I wanted to see if it was just me so I asked Brave browser Ai if Coinbase Wallet was a joke? Here is an excerpt.
The fact that they excluded XRP support is ludicrous. It has one of the lowest tx fees. Why would you omit that. The wallet looks like a half hearted lazy attempt at something... I don't even have the words. What a shit show. It's almost like they don't care about the end user.
Here's what Ai says about its valuation:
Coinbase Global (COIN) has a market capitalization of approximately $69.57 billion as of January 14, 2026, based on its stock price of $258.00 and 269.64 million shares outstanding. The company's enterprise value is $66.15 billion.
I honestly expect WAY MORE from a company with that kind of valuation. Coinbase if you ever read this, you're better than this. SHAME ON YOU!
Raves for Ethereum
After getting completely disgusted by the Coinbase Wallet Extension, I remembered an old Ethereum wallet I had a little dust in. I never transferred it because the Gas fees were too much. I was shocked to discover that I could now transfer about $30 worth of Ethereum for around .09 cents. WOW. I never thought I'd see the day. I don't know if I got lucky with my timing, but I'm really happy with that. I used the online MEW wallet. The transaction was fast as hell too. Completely blown away.
Gas fees were always my biggest gripe with Ethereum. I may have to look back into that one now. I will say this though.... IT'S ABOUT TIME ETHEREUM!
Well, I got a rant and rave in for this week. Thanks for reading. More trading and crypto talk coming soon!