A Major Coinbase Milestone: 1 Million Consumer Wallets
blog.coinbase.com
A Major Coinbase Milestone: 1 Million Consumer Wallets
1–10 of 80 posts
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#2I realize it's all startup-y to pat yourself on the back about growth, but aren't you painting a target on your back for those that want to perform the next heist?
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#3That's one million consumer accounts with no FDIC insurance, no surety bonds, and no other backstop in the event of a problem.
I'd love to see a Coinbase blog post about why Coinbase doesn't need to be licensed like every other MSB registered with FinCEN.
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#4That's one million consumer accounts with no FDIC insurance, no surety bonds, and no other backstop in the event of a problem. I'd love to see a Coinbase blog post about why Coinbase doesn't need to be licensed like every other MSB registered with FinCEN.
yeah, but just think of how much they save on transaction costs when they buy something online [without the ability to chargeback]!
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#5That's one million consumer accounts with no FDIC insurance, no surety bonds, and no other backstop in the event of a problem. I'd love to see a Coinbase blog post about why Coinbase doesn't need to be licensed like every other MSB registered with FinCEN.
[deleted]
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#6I realize it's all startup-y to pat yourself on the back about growth, but aren't you painting a target on your back for those that want to perform the next heist?
Pretending they're tiny and poor isn't a long-term strategy for becoming a mainstream, trusted brand in e-commerce. Security is one front they need to win on, just like every other successful payment processing business; they can't hide and become big at the same time.
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#7That's one million consumer accounts with no FDIC insurance, no surety bonds, and no other backstop in the event of a problem. I'd love to see a Coinbase blog post about why Coinbase doesn't need to be licensed like every other MSB registered with FinCEN.
[deleted]
Financial accounts. One person can have many bank accounts. I would guess they're using the word "wallet" to avoid regulatory scrutiny that might be applied to financial accounts. People might feel like "wallets" can get lost or stolen. "Accounts" shouldn't.
These are accounts.
Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#8Re: A Major Coinbase Milestone: 1 Million Consumer Wallets
#9I realize it's all startup-y to pat yourself on the back about growth, but aren't you painting a target on your back for those that want to perform the next heist?
I'm pretty sure anyone interested in heisting Bitcoin had Coinbase on their radar already.