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.
Coinbase Cloud
91–100 of 176 posts
Re: Coinbase Cloud
#92Given 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…
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
#9399% uptime guarantee is embarrassingly low.
Re: Coinbase Cloud
#94Earlier 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.
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
#95Re: Coinbase Cloud
#96Earlier 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?
Re: Coinbase Cloud
#97Earlier 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.
Re: Coinbase Cloud
#98Re: Coinbase Cloud
#99Earlier 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?
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
#100The audacity of announcing a cloud on the same day a major breach is made public lmao