Facebook Security Director Joins Bitcoin Startup Coinbase
1–10 of 83 posts
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#2I recommend to use Blockchain.info or BitGo or GreenAddress over Coinbase if you already have Bitcoin.
With those services you hold the keys to your Bitcoin, not Coinbase. With Coinbase they are in control over your Bitcoin, not you.
GreenAddress is the only wallet for Bitcoin with a 2-2 model Multisig offering a Bip0032 wallet with nLocktime on the Bitcoin blockchain.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#3I recommend to use Blockchain.info or BitGo or GreenAddress over Coinbase if you already have Bitcoin. With those services you hold the keys to your Bitcoin, not Coinbase. With Coinbase they are in control over your Bitcoin, not you. GreenAddress is the only wallet for Bitcoin with a 2-2 model Multisig offering a Bip0032 wallet with nLocktime on the Bitcoin blockchain. * https://greenaddress.it/en/
Coinbase as a wallet is pretty terrible, I agree. But its a good place to convert $ BTC for consumers.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#4I recommend to use Blockchain.info or BitGo or GreenAddress over Coinbase if you already have Bitcoin. With those services you hold the keys to your Bitcoin, not Coinbase. With Coinbase they are in control over your Bitcoin, not you. GreenAddress is the only wallet for Bitcoin with a 2-2 model Multisig offering a Bip0032 wallet with nLocktime on the Bitcoin blockchain. * https://greenaddress.it/en/
Most people aren't going to want to hold their own keys as most people can't stop their computers from being constantly infected by malware. Just as people don't want to keep large amounts of cash in their safe, they will want someone else to take the responsibility of securing their coin.
Pretty much only the tech savvy will care to even understand what a key is or care to hold their own.
Bitcoin isn't a political movement to the masses, it's just a useful new technology; they aren't using it to kill banks or government and they don't care about the politics of the early adopters.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#5I recommend to use Blockchain.info or BitGo or GreenAddress over Coinbase if you already have Bitcoin. With those services you hold the keys to your Bitcoin, not Coinbase. With Coinbase they are in control over your Bitcoin, not you. GreenAddress is the only wallet for Bitcoin with a 2-2 model Multisig offering a Bip0032 wallet with nLocktime on the Bitcoin blockchain. * https://greenaddress.it/en/
Most people aren't going to want to hold their own keys as most people can't stop their computers from being constantly infected by malware. Just as people don't want to keep large amounts of cash in their safe, they will want someone else to take the responsibility of securing their coin. Pretty much only the tech savvy will care to even understand what a key is or care to hold their own. Bitcoin isn't a political m…
agreed. but coinbase isn't a bank/authority. it's like letting some random company holding your money. meh.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#6Earlier quoted context omitted.
Most people aren't going to want to hold their own keys as most people can't stop their computers from being constantly infected by malware. Just as people don't want to keep large amounts of cash in their safe, they will want someone else to take the responsibility of securing their coin. Pretty much only the tech savvy will care to even understand what a key is or care to hold their own. Bitcoin isn't a political m…
agreed. but coinbase isn't a bank/authority. it's like letting some random company holding your money. meh.
The same could be said for Paypal I guess.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#7Earlier quoted context omitted.
Most people aren't going to want to hold their own keys as most people can't stop their computers from being constantly infected by malware. Just as people don't want to keep large amounts of cash in their safe, they will want someone else to take the responsibility of securing their coin. Pretty much only the tech savvy will care to even understand what a key is or care to hold their own. Bitcoin isn't a political m…
agreed. but coinbase isn't a bank/authority. it's like letting some random company holding your money. meh.
That's fine, I never said anything about Coinbase.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#8Wow, that's a pretty big hire -- congtratulations!
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#9This is huge. Congratulations to Coinbase and to the Bitcoin community in general. To the latter because the risk he's taking means he believes a lot in Bitcoin which is exactly what the currency needs to survive.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#10I recommend to use Blockchain.info or BitGo or GreenAddress over Coinbase if you already have Bitcoin. With those services you hold the keys to your Bitcoin, not Coinbase. With Coinbase they are in control over your Bitcoin, not you. GreenAddress is the only wallet for Bitcoin with a 2-2 model Multisig offering a Bip0032 wallet with nLocktime on the Bitcoin blockchain. * https://greenaddress.it/en/
I am incredibly sick of hearing this. This is like saying "I recommend you stuff all your cash under your mattress instead of using a bank. With a bank, they are in control over your money, not you".
It simply isn't scalable. Sure, people who are on their computers 24/7 (eg. anyone who works in tech) might have the technical knowhow to deal with this, but for those who are very non-technical, Coinbase is a great way to invest in/hold Bitcoins without having to get into the technical nitty gritty.