121–130 of 176 posts
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?
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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…
That's not just Coinbase. It's every neobank type app or service. The problem is that they can't handle the large volume of users while also dealing with fraud & law compliance. So they basically have fraud detection algos that flag anything remotely suspicious with many false positives and they don't have the support staff to deal with the aftermath.
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The Bitcoin network supports a theoretical maximum of 7 transactions per second, so they’re probably eager to do it some other way.
Lightning though... Amiright!? I'm setting up a node as soon as my ssd arrives.
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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.
Seems they forgot to write the documentation lol https://docs.cloud.coinbase.com/exchange/reference/market-fe...
Documentation was linked to here from main page: https://docs.cloud.coinbase.com/ Not sure where you found that other link but sort of embarrassing to have that publicly exposed.
Why isn't this just called Coinbase API? What am I missing?
its closer to a PaaS offering than just a bundle of APIs, which gives it some basis to claim the Cloud marketing moniker. Notably, https://bisontrails.co/participate/ (this is linked from the above and is owned by Coinbase as a subsidiary)
I guess the "hosted validators" thing is reasonable to call Coinbase Cloud though.
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How much energy was wasted this way? Why would PayPal, IBAN, or Flattr not have worked?
If it was a custodial service, then the amount of "energy wasted" was basically equal to any of the above.
Custodial cryptocurrency services therefore don’t consume meaningfully more or less power than non-custodial services. They both rely on the underlying protocol remaining functional, which is where the bulk of power consumption occurs.