161–170 of 355 posts
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It's safe if you trust coinbase. I trust coinbase, so I think it's safe.
"It's safe as long as i think it's safe." Gotcha.
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Could you explain why "this" needs to "stop"? Why would the success of Bitcoin be apocalyptic?
if governments weren't in charge of money supply, it would change the whole nature of governance, which would be an apocalyptic event. Even if everything that came out of it was good, it'd change the nature of life on Earth.
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For a large number of people, the likelihood of the us government stealing all of coinbase's money is far lower than the likelihood of them losing their key to their hardware wallet or whatever.
Let's just store all of our money with the government then, eh?
Threat models and risk balancing are important.
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…
Coinbase does give one the sense of security and ease of use. It does not seem sketchy, is American based, has KYC procedures, etc. If they lose coins or go under, a lot of "normal" people will lose money. Not sure what regulations might be passed in Congress if that happens, but the cryptocurrency Wild West would likely be over in America at that point.
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…
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"It's safe as long as i think it's safe." Gotcha.
You realize "safe" is a feeling, an emotional response. I have yet to see "safe" defined in some probabilistic way and that is what you would have to do to have it not just a feeling.
I come from a construction background (big stuff) and it hadn't occurred to me that people would not get my connotative understanding of 'safety'. For me, safety is about risk minimization. If you haven't considered actual risk when you investigate doing something that could hurt you, it isn't 'safe'.
So thanks for helping me recognize that.
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Not unless they either have physical check from you, OR are enrolled into MSP (merchant service provider). But MSPs will monitor fraudulent activity just like providing CC in any online store gives them access to empty your CC doesnt mean they will get away with it :)
No, all one needs to do is have access to the routing / account number and one can start withdrawing funds, paying bills, etc. There is nothing in place to prevent that and nothing else is needed.
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Stock futures are 24 hours. I believe the vast majority of equity volume is in stock futures rather than stocks themselves. Institutional investors drive this volume
Your three statements are false.
stock index futures are 23 hours: http://www.cmegroup.com/trading-hours.html#equityIndex
stock volume is larger than futures (347B global avg daily volume vs 280 in jan 2016, not sure about now), but futures larger than ETFs (280 vs 88)
youll have to convince me that institutional investors dont drive futures volume, cant find data offhand but wont give you benefit of the doubt on that one :)
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Only derivatives and forex. Stock is still office hours and out of regular hours (+-1 hour I think) is reserved for the big boys.
Stock futures are 24 hours. I believe the vast majority of equity volume is in stock futures rather than stocks themselves. Institutional investors drive this volume
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What the fuck ? There is no way, never, ever, that I would even consider doing that. How the hell is it a good idea for any company to try to convince people that it should be normal to share login credentials with a third party for any service, much less something as sensitive as one's bank account? That's just training people to get scammed.
Hasn't Mint been doing this for ages?