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Why is Coinbase running a $25k of BTC sweepstake?

Bitcoin Reddit

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I recognize I’m addressing a lot of Coinbase haters so I might just be asking my echo chamber, but does anyone else think it’s weird that Coinbase is running this sweepstake at the same time they are conducting maintenance that doesn’t allow you to send your coins to cold storage?

The premise is that for every $100 USD purchase you make you get entered for a chance to win this 25K USD OF BTC. But this is happening during a time where you cannot send the coins you purchase off their exchange.

My tin foil hat antennas tell me this is weird because right now Coinbase is doing a payout to the regulators in NYC.

Thoughts?

submitted by /u/williamssw
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