21–30 of 70 posts
Earlier quoted context omitted.
That’s not true. For example, owning bitcoin gives you property rights.
Are you referring to the right to obtain profit from forks?
Also profit != property.
Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…
Coinbase did not steal anything from you.
Sometimes you get lucky with a risky investment sometimes you lose it all. That’s why they are called risky investments
Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…
Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market.
You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)
It's a shame that Coinbase, of all people, demands payment for Coinbase Custody in a fiat currency of US Dollars.
They're selling shovels for cash. The gold is for the miners.
Earlier quoted context omitted.
The concept of financial custody goes back hundreds of years (although I realize most HN readers have probably never heard of it); it doesn't make sense to abandon that terminology over a short-lived political crisis.
I'm sure there's many things they could call it though, that would have more positive overtones. From a branding/marketing perspective. Edit: For example, why not call it Coinbase Custodian? Totally different connotation, and better name IMHO.
"Coinbase Custody" tells me exactly what they're doing. "Coinbase Custodian" makes me think they're launching a janitorial service.
Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…
Stole has a particular legal definition. Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market. You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)
I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of the things that happened in this case are exceedingly unlikely to happen on the US stock market.
Earlier quoted context omitted.
Stole has a particular legal definition. Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market. You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)
Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very unhappy people if they partially closed a market (e.g. only allowed buying, not selling) or they closed a particular stock at their whim. I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of th…
Plus, a company can (hell, typically does) release news after-hours and leave you in the lurch, or go suddenly bankrupt. Ask me how my couple dozen Lehman Brothers shares are doing...
Earlier quoted context omitted.
Stole has a particular legal definition. Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market. You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)
Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very unhappy people if they partially closed a market (e.g. only allowed buying, not selling) or they closed a particular stock at their whim. I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of th…
No such thing as easy money.
Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…
Why people are hyped over their new products / features knowing how shit their old ones are is beyond me.