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Coinbase: The Heart of the Bitcoin Frenzy

nytimes.com

41–50 of 355 posts

Re: Coinbase: The Heart of the Bitcoin Frenzy

#41
post #14

Earlier quoted context omitted.

Their customer service was great in the early days, but has most definitely gotten worse since its gotten so popular. I think they simply can't find enough people.

They should consider paying more to find a suitable equilibrium.

Easy to say, until you need to train enough customer service reps to handle an average of 30,000 users per day!

That doesn't exactly happen overnight.

Re: Coinbase: The Heart of the Bitcoin Frenzy

#42
post #14

Earlier quoted context omitted.

Their customer service was great in the early days, but has most definitely gotten worse since its gotten so popular. I think they simply can't find enough people.

They should consider paying more to find a suitable equilibrium.

Well, people already complain about the fees they charge

Re: Coinbase: The Heart of the Bitcoin Frenzy

#44

With the frenzy out there, Coinbase makes crypto currencies trading/investing/purchasing as robust and seemingly as safe as possible. This could be a signal, now that we have some reputable market players that crypto currencies are really just starting and there is a very high ceiling. Getting in before coinbase you had to mine your own (that party ended quickly - Butterfly Labs, cex.io for cloud mining etc) or be pa…

"As as safe as possible" - are you out of your mind?!

Re: Coinbase: The Heart of the Bitcoin Frenzy

#45
post #32

If the bubble bursts, this will be a delightful pull quote in the postmortem: "Correction: December 6, 2017 An earlier version of a photo caption with this article misidentified the place where Coinbase employees were gathered for lunch. It was the gaming room, not the cafeteria."

I work at Coinbase. If you want the inside scoop: "game room" is a bit of a misnomer for that room. It's a large room with a big theater screen. All day it's full of meetings and presentations. There are a bunch of games on shelves as well, and some people play them after hours.

Btw, do you have any engineers capable of working to upgrade the platform to use SegWit? I find it weird that Brian advertises open positions like there's nobody there capable of doing it.

Re: Coinbase: The Heart of the Bitcoin Frenzy

#46
post #24

I used to use coinbase but some godawful KYC/AML thing kicked in and asked me to send them a "selfie" of myself, which creeped me the hell out. I'm a US citizen, am not on any sort of list of prohibited people, and had already given them a photo of my driver's licence and my SSN -- and have had no issues with opening other bank/bitcoin-exchange accounts online previously. I thus switched to Gemini because I do not wa…

Wait what? Did they really ask for your bank login credentials? If so, approximately what date was that?

Re: Coinbase: The Heart of the Bitcoin Frenzy

#47
post #44

With the frenzy out there, Coinbase makes crypto currencies trading/investing/purchasing as robust and seemingly as safe as possible. This could be a signal, now that we have some reputable market players that crypto currencies are really just starting and there is a very high ceiling. Getting in before coinbase you had to mine your own (that party ended quickly - Butterfly Labs, cex.io for cloud mining etc) or be pa…

"As as safe as possible" - are you out of your mind?!

Serious, this. There is no recourse for recover in the event of securities fraud.

Re: Coinbase: The Heart of the Bitcoin Frenzy

#48
post #6

I have recommended Coinbase to many people. But, a few days ago, I had a double charge on my bank account from them and have learned since that their customer support is essentially non-existent. It’s been 8 days with no response by e-mail, their posted phone number results in a busy signal, and the alternate numbers I found posted on forums go straight to hold music before hanging up after a couple of minutes. I fil…

I am on my fifth month of waiting for my account to be unfrozen so I can withdraw my funds. I managed to get through once by phone (was assured that the issue was being resolved) and once via email (same) but for the past two months, nothing. I believe the CEO and probably several other employees are on HN so if any of them see this - please get your act together. Scaling is great but customer support needs to come a…

Haha they made you a lot of money by waiting this long!

Re: Coinbase: The Heart of the Bitcoin Frenzy

#49

With the frenzy out there, Coinbase makes crypto currencies trading/investing/purchasing as robust and seemingly as safe as possible. This could be a signal, now that we have some reputable market players that crypto currencies are really just starting and there is a very high ceiling. Getting in before coinbase you had to mine your own (that party ended quickly - Butterfly Labs, cex.io for cloud mining etc) or be pa…

Actually there was circle they were very similar to coinbase, I used them for a while. They decided to get out of Bitcoin for some reason and I have no idea why.

Re: Coinbase: The Heart of the Bitcoin Frenzy

#50
post #46
post #24

I used to use coinbase but some godawful KYC/AML thing kicked in and asked me to send them a "selfie" of myself, which creeped me the hell out. I'm a US citizen, am not on any sort of list of prohibited people, and had already given them a photo of my driver's licence and my SSN -- and have had no issues with opening other bank/bitcoin-exchange accounts online previously. I thus switched to Gemini because I do not wa…

Wait what? Did they really ask for your bank login credentials? If so, approximately what date was that?

They use Plaid[1] to verify bank accounts using bank login credentials instead of micro deposits -- which reduces abandoned applications since you don't have to wait a couple days to complete verification.

This is a very common thing for fintech companies to do.

[1] https://plaid.com/

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