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Coinbase Cloud

coinbase.com

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Re: Coinbase Cloud

#111

Post by notyourwork »

NGRhodes wrote: post #89
ssss11 wrote: 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…

Sounds like the Robinhood model. Collect as much finances as you can and do as little as possible to support those providing the funds while sucking up to investors.

Re: Coinbase Cloud

#112

Post by notyourwork »

westoque wrote: post #13

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.

Middlemen have to middle, that’s the model of a middleman. As long as they provide some perceived value over the same without middlemen they will be profitable. In this case, coinbase abstracts crypto away from technically illiterate who want to ride the crypto wave without learning the technicals.

Re: Coinbase Cloud

#113

Post by crazypython »

This imposes a centralization externality on blockchains. Putting a validator node in Coinbase Cloud makes that blockchain more centralized by giving Coinbase control over a large number of validator nodes.

Re: Coinbase Cloud

#114

Post by dogman144 »

PKop wrote: post #102
programmarchy wrote: post #41

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.

Agree, and this quote from the OP's link is humorous in that regard: "While blockchain is best known for its association with cryptocurrencies, it has applications beyond this field. " This sentiment is just thrown around without evidence. Either a blockchain has an internal reward mechanism to account for the increased costs associated with it's execution or it is simply a more complicated and expensive database loo…

Good evidence is git, which is a blockchain (linked list of hashes).

Re: Coinbase Cloud

#115

Post by sanderjd »

verdverm wrote: post #74
programmarchy wrote: post #41

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.

Hyperledger Fabric uses Proof of Authority and is still being used for projects. Being antithetical to the crypto crowd it doesn't get the same fanfare. The target user base is very different. I personally would reach for this tech stack before the permissionless variety, I just don't have anything that needs blockchain.

What are some projects it is used for?

Re: Coinbase Cloud

#116

Post by mbesto »

teruakohatu wrote: post #6

Didn't Microsoft Azure's blockchain platform fail? It was shutdown earlier this month [1]. How is this different and/or better? [1] https://www.siliconrepublic.com/enterprise/microsoft-azure-b...

Isn't Coinbase Cloud vastly different? Azure was for building any application blockchain technology (could be crypto, smart contracts, supply chain, blah blah) whereas CB Cloud is for building applications on top of Coinbase's crypto exchange.

Re: Coinbase Cloud

#118

Post by dustymcp »

Fnoord wrote: post #107
sillysaurusx wrote: post #46

I raised $2,200 in donations thanks to Coinbase making it easy for people to donate crypto. It sounds like they want to do the same for every aspect of a business. There’s probably a lot of value in that.

How much energy was wasted this way? Why would PayPal, IBAN, or Flattr not have worked?

because they dont receive crypto..

Re: Coinbase Cloud

#119

Post by nerdwaller »

asjfj9 wrote: post #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.

The difference of those two docs is one is coinbase.com, their more retail oriented option (picture robinhood), and pro.coinbase.com which is a more advanced trading platform (think or swim or other more mature investor platforms). The fee structures are different, order types, visualizations, etc (even though they likely use the same infrastructure for both) and they segregate a user’s accounts between the two (though you can freely transfer between the two). Another major difference is on the retail platform you’re not going to see an orderbook - just a price. All that to say, I think the main difference is access to more information about the overall market, more advanced orders, better pair selection (that usually eventually ends up on the retail platform), and the more mature financial platform.

These new docs replace the previous pro/prime API docs and extend it into new products.

Re: Coinbase Cloud

#120

Post by adventured »

asjfj9 wrote: post #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.

The cloud product/label is where they intend to build out a suite of service offerings. API wasn't broad enough to encompass what they intend to do next.
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