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Coinbase Cloud

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81–90 of 176 posts

Re: Coinbase Cloud

#81

Cryptocurrencies are horrible as currencies because it’s hard and expensive to pay with them. Make of that what you will.

"In my opinion..."

I still can't go down to my grocery store, or pretty much any outlet in the city, and pay with crypto.

Until that is the case, I think it's very fair to say, that crypto currency is hard to pay with.

Re: Coinbase Cloud

#82
Can someone ELI5 how this is any different to what the current Coinbase API offers? https://developers.coinbase.com/api/v2

Reading through the entire Coinbase Cloud page and even going into the Coinbase Cloud Exchange docs (https://docs.cloud.coinbase.com/exchange/docs) doesn't make it clear what this offers over Coinbase's current API.

Re: Coinbase Cloud

#83

Earlier quoted context omitted.

Fleek is basically Vercel or Heroku, but for Web3. For those with more at stake, it's probably better to go with a big player like Coinbase.

Unrelated, but nothing reminds me I'm getting old more than an entire sentence of words I don't understand.

When someone versions the internet it is safe to disregard the other terms in the sentence.

Re: Coinbase Cloud

#84

Earlier quoted context omitted.

"In my opinion..."

I still can't go down to my grocery store, or pretty much any outlet in the city, and pay with crypto. Until that is the case, I think it's very fair to say, that crypto currency is hard to pay with.

You know who can? Anyone in El Salvador.

Re: Coinbase Cloud

#85
post #84

Earlier quoted context omitted.

I still can't go down to my grocery store, or pretty much any outlet in the city, and pay with crypto. Until that is the case, I think it's very fair to say, that crypto currency is hard to pay with.

You know who can? Anyone in El Salvador.

Okay I guess?

Re: Coinbase Cloud

#87

Earlier quoted context omitted.

I think Microsoft and others like IBM failed to “get it”. They tried to adopt blockchain tech without the cryptocurrency aspect, failing to realize there needs to be a built-in incentive structure for people to participate on any blockchain network. Mining, staking, and other proof / reward systems are required for any blockchain tech to get off the ground.

IBM and Microsoft cater to enterprises. Enterprises whose entrenched positions are challenged by decentralized systems. Centralizing a decentralized system is done either to bootstrap it (optimistic) or embrace, extend, and extinguish it (pessimistic). A corporation alone might not need a blockchain, but has no choice but to participate if that’s where the market is, and a consensus of participants (no pun intended)…

Can you please give a single example of an enterprise that is being challenged by a decentralised system?

Re: Coinbase Cloud

#88

Isn't it ironic to use a REST API to send BTC vs say using what any cryptocurrency is intended for? To use their native APIs to transfer value. The aim of decentralization is to eliminate that third party but this puts it back. We've come full circle.

I don't this is ironic. I think this is a pretty cynical attempt at wrapping the "Coinbase platform" around more layers of crypto than they already had.

Embrace, extend...

Re: Coinbase Cloud

#89
post #36

Given their lack of competence resolving basic user account issues, it would be a hard no from me

Agreed, I was locked out of access to my funds for months, not one human response until my complaint escalated to the Financial Ombudsman (UK), got compensation, then tried to delete my account after withdrawing all my money, raised a support ticket, then last week my account was closed with the following message:

"Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service."

Re: Coinbase Cloud

#90

Isn't it ironic to use a REST API to send BTC vs say using what any cryptocurrency is intended for? To use their native APIs to transfer value. The aim of decentralization is to eliminate that third party but this puts it back. We've come full circle.

A better wording would be that the aim of decentralization is the option to eliminate the third party. If someone wants to use a third party to transact then he should have the freedom to do so. Similarly, if someone wants to transact with another party directly then this should also be allowed.
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