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Coinbase Cloud

coinbase.com

91–100 of 176 posts

Re: Coinbase Cloud

#91

Earlier quoted context omitted.

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.

In my day, Web 3.0 meant the Semantic Web: https://en.wikipedia.org/wiki/Semantic_Web#Web_3.0 .

Re: Coinbase Cloud

#92
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…

Oh wow that’s bad.

Mine was their screwed up identification process - I had completed it but their app wouldn’t let me view their tiny videos for the rewards. I was stuck in a support loop for months of “you need to identify yourself”, “I have”, “oh yeah you have, try the videos again” - repeat

Re: Coinbase Cloud

#94
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.

> You know who can? Anyone in El Salvador.

With an internet-connected smartphone with the app installed and whose neighbourhood stores are following the law. Which isn’t that many people.

Re: Coinbase Cloud

#95
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.

hahahaha

Re: Coinbase Cloud

#96
post #87

Earlier quoted context omitted.

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?

[deleted]

Re: Coinbase Cloud

#97

Earlier quoted context omitted.

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.

Internet2 will come alive any day now

https://en.wikipedia.org/wiki/Internet2

Re: Coinbase Cloud

#98
I'm interested in the Coinbase Commerce as an option for my SaaS, sadly they don't seem to support recurring payments out of the box. Does anyone know if they might be offering this functionality in the future?

Re: Coinbase Cloud

#99

Earlier quoted context omitted.

If all your customers get sim swapped because you offered 2FA over SMS then it's your fault as a service provider.

Couldn't we shift the fault back a step? If it's so easy to SIM swap people, shouldn't the telecoms be liable for damages to their customers in the event of a SIM swap?

i am not entirely sure i fully agree. telecoms never sold us a service to authenticate us to 3rd parties. those 3rd parties did bolt it on-top of an arguably insecure message transmission system. it wasn't meant to be used like this and maybe its even a bad idea to use it like that. the assumption only you yourself could receive these codes because you are authenticated against your mobile network provider might just be wrong here.

of course, letting the actual sim swapping attack work is an issue they should be required to solve. but for entirely different reasons. once you are authenticated to their network you can cause substantial costs for the real owner of the contract for example and those costs would definitely be compensated to their clients if this happens without their involvement. but if your assumptions break because of this issue your assumptions are wrong in my opinion and you would be the one to blame.

a simple analogy here could be you park your car in front of a police station, because nobody would dare to steal your car right in front of the police right? but then your car still gets stolen and you think you should try to sue the police because that just happened.

on the other hand coinbase did made that assumption and has been proven wrong in this way. they did bet on using the telcos messaging systems being secure enough to be used for authentication. that did not work out and this caused people to lose money which should be compensated for, by coinbase, because they decided to do that and not the telecoms.

Re: Coinbase Cloud

#100

The audacity of announcing a cloud on the same day a major breach is made public lmao

Name a traditional bank in the US that offers FIDO U2F for MFA... I'll wait... I've been looking for one for a while.
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