> I just wanted to point out that it's unlikely to be something endemic to the space.
I'm still not sure why that would be the case. FWIW I don't suspect it is either, but I don't see any reason it would be more or less than the tech community at large. In this case, Coinbase is reflective not of the subcateogry but of leadership.
> Access to financial services like loans for instance
> Along with our proven KYC/AML process, we review an applicant’s credit history and other information to assess for risk.
This still has all the normal hurdles for a loan. Just because the asset is on a ledger doesn't remove the human factor. Not to mention that a direct collateral backed loan is already very unlikely to get rejected at a traditional financial institution. I didn't find any actual crypto loan options that weren't collateral backed from a quick search. Am I missing other options?
> What's the real material racism that crypto stops that other forms of payment or speculative trading fall victim to?
Access to financial services like loans for instance. No human or even AI model to judge you based on external factors.