131–140 of 359 posts
Maybe I'm being naive, but I felt like bitcoin was going to free us from credit card companies. Wouldn't it be nice if almost-monopolies weren't able to raise prices on everything slightly in order to fund their rigged rewards programs?
Just a reminder to Bitcoin newbies: This card looks like an OK product (still open questions about how much coinbase is gaming the ask/bid spread) but just realize that this card does NOT use Bitcoin, it uses "Coinbase Bitcoin"[1] which is Bitcoin for which the coinbase company is managing your private key: You only truly own Bitcoins if you own the private key for the account (users of MtGox learn this the hard way…
I don't see how a debit card could work any other way, since VISA is a pull-based system. If I have Bitcoin on my own computer and I swipe the card, how does the right amount of BTC get sucked out of my computer and exchanged?
will be interesting to see if they can make this available internationally.
Someone please change the title to Anywhere IN US :)
You can now use Bitcoin anywhere VISA is accepted, so long as coinbase doesn't close your account, ignore you and close all the tickets you open. Even if you painstakingly collect and compile sensitive documents for them to review, which was a gigantic waste of my time, thanks! I have for months encouraged everyone I know not to use coinbase and will continue to do so.
This might be a silly question, but did you use your Coinbase account to conduct any illegal transactions? The team there really cares about customer experience, so generally if they are ignoring you it's because your account has some connection to illegal/banned activity, which they can't disclose due to ridiculous financial laws.
I've always found it ironic how companies like Coinbase are indirectly contributing to their own destruction with every passing transaction that's not purely based around Bitcoin. This is of course: assuming that Bitcoin gets as big as a lot of people think it will. If it does: their increased focus on centralization and traditional fintech services (which is completely incompatible with the philosophy behind Bitcoin…
As someone who used to work at Coinbase, hopefully I can shed some light on this. First of all, Bitcoin should not be seen primarily as a currency, but as a protocol. Therefore, bitcoin does not need to increase in value for it to be successful, and in the long term the price is irrelevant. Bitcoin can be used as a medium of exchange without regard to the price, and many people at Coinbase believe in this future (rat…
You can now use Bitcoin anywhere VISA is accepted, so long as coinbase doesn't close your account, ignore you and close all the tickets you open. Even if you painstakingly collect and compile sensitive documents for them to review, which was a gigantic waste of my time, thanks! I have for months encouraged everyone I know not to use coinbase and will continue to do so.
This might be a silly question, but did you use your Coinbase account to conduct any illegal transactions? The team there really cares about customer experience, so generally if they are ignoring you it's because your account has some connection to illegal/banned activity, which they can't disclose due to ridiculous financial laws.
I get the sense that Coinbase is about as capricious as PayPal. And ought to be avoided for the same reasons.
I'm curious what the exchange rate looks like when purchasing stuff that's not in USD. If the conversion is the same as that of Bitcoin USD, then it would make this card super useful for people who travel a lot. What I mean is, it'd be cool if the card would do: - Bitcoin CAD - Bitcoin EUR - Bitcoin BHT - Bitcoin HKD - Bitcoin AUD So that we wouldn't need to do: - Bitcoin USD CAD - Bitcoin USD EUR - Bitcoin USD BHT -…
Earlier quoted context omitted.
That's really weird. I moved money in the 6 figures in Coinbase and have uploaded no documents whatsoever. Never had a question from them. (except for sending big amounts, they ask you if it is for an exchange or wallet).
No, it is not weird at all. They have something like 3 million wallets, and ~100 employees. I would assume that different customers can have wildly different experience, just because there can be so many random variables.
Recently have to dispute a charge with paypal - an online vendors didn't ship the product I ordered with paypal. The paypal dispute process was hell. Lucky I used credit with paypal. One 3 minutes phone call with credit card company, problem was solved. After that kind of experience, it is much harder for me to trust other payment system.
I have use this credit card for 20+ year. This is the first time I dispute the charge for not-false charge.
Previous transaction with the same vendor/paypal went thru just fine.
Like typical software development, most of the code are for error condition and exception handling. Error condition and exception handling are much harder for payment system.
Unfortunately, for payment system, if it is that tough for normal user like me to gain trust with paypal, it will be impossible to convince me to put $ into a coin base account.
Earlier quoted context omitted.
This might be a silly question, but did you use your Coinbase account to conduct any illegal transactions? The team there really cares about customer experience, so generally if they are ignoring you it's because your account has some connection to illegal/banned activity, which they can't disclose due to ridiculous financial laws.
What are some examples of "illegal transactions"? Under what jurisdiction? Arguably, anything is illegal somewhere, and is also legal somewhere else. Also, what do "conduct" and "some connection to" encompass? Are VPN services considered "illegal"? What about anonymous VPS rental? And what about gambling, in jurisdictions where it's legal? I get the sense that Coinbase is about as capricious as PayPal. And ought to b…