281–290 of 359 posts
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> ... so that we can enable a future where financial privacy is optional (versus today, where it is basically inescapable). This is a typo, right? Financial privacy today is basically impossible, not inescapable. Tracking is basically inescapable, unless one uses cash. And using cash is becoming virtually illegal.
"And using cash is becoming virtually illegal." No it is not. Not even close. Stop with the paranoid hyperbole.
Or maybe handling transactions is really hard?
Not sure what to think honestly.
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My point is that Coinbase gets to decide whether or not their customers "did a bunch of illegal shit". At will, with no effective recourse.
Welcome to how financial regulations work. Show up with a bag of cash if you want to get around it.
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…
Wait, you give them your private key? Doesn't that defeat the entire security model of Bitcoin? Once Coinbase is hacked all of your money will be gone. It seems crazy to me that you would give them the private key.
(Creating new Bitcoin addresses is very cheap.)
For a company like ours the whole appeal of Bitcoin is the anonymity, so our readers don't have to worry about buying lewd comics and having it show up on their statements. Coinbase tarnishes what Bitcoin stands for and they do not protect artists/publishers.
Edit: For transparency here is my back and forth with their support (http://imgur.com/CHeAEPP) and the link to one of our books on Amazon I shared (http://www.amazon.com/dp/1634420241/ [NSFW]). Ironically I've been waiting on a reply from them for 22 days and counting. They have about $5,000 in our disabled account along with all our customer/order information that we can't access.
Do not use Coinbase.
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Welcome to how financial regulations work. Show up with a bag of cash if you want to get around it.
They have civil asset forfeiture to handle that ;)
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All of the new chip cards in the US I've read about are signature only. It was decided that the US consumer would dislike the added complication of needing to use PIN. I'd like a chip card that requires a PIN (and that is accepted widely in the US) because such a card would make unauthorized charges less likely after the card is lost or stolen, but was not able to find one.
I have a US chip card where I've set a PIN for transaction purposes, so it's not signature only, but it'll still accept both. That said, all of the chip card readers that I've used (few and far between still...) seem to have been configured for signature only, so I haven't been prompted for my PIN yet.
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> but if someone intercepts your mail, then they know your address and could possibly know your phone number. How secure is the activation process Every "normal" credit and debit card I've received in the mail has used this same procedure -- call a number on a removable sticker stuck to the card to activate it where the only verification is the phone number you're calling from (and caller ID is easily faked). How is…
> (and caller ID is easily faked) It's been a long time since I was into telephony stuff, but IIRC caller ID is easily faked but ANI is not. Do verifications use CID or ANI?
this is also why caller ID blocking (as provided by your telco) doesn't work when calling toll-free numbers.
1: https://en.wikipedia.org/wiki/Automatic_number_identificatio...