From the article: "The information in this post was collected exclusively from the bitcoin community on ZapChain, and Nick Tomaino from Coinbase." The article would be a lot better if they'd been to Coinbase's HQ. If they can find it. The Market St. address in San Francisco is a mail drop for a service that opens paper mail, scans it, and emails it. The Bluxome St. address is someone's condo.
A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
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Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#12From the article: "The information in this post was collected exclusively from the bitcoin community on ZapChain, and Nick Tomaino from Coinbase." The article would be a lot better if they'd been to Coinbase's HQ. If they can find it. The Market St. address in San Francisco is a mail drop for a service that opens paper mail, scans it, and emails it. The Bluxome St. address is someone's condo.
An armed assault on Coinbase HQ while staff are present would be a nearly foolproof way to instantly, irreversibly, untraceably obtain a few hundred million dollars of BTC. Its physical security requirements would be orders of magnitude beyond any other SV startups, even greater than the largest banks (because banks can retroactively reverse transfers and call the police when you try to deposit suitcases of stolen ca…
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#13Shame, this could've been interesting, but instead reads like a marketing pitch. Of course, I probably shouldn't be surprised. ZapChain is, themselves, a company delivering services for the bitcoin community, so they are incentivized to put a positive spin on any major players in the space (since any good bitcoin press is good for them) in order to make the whole market look more mature and vibrant. Gotta shake off t…
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#14From the article: "The information in this post was collected exclusively from the bitcoin community on ZapChain, and Nick Tomaino from Coinbase." The article would be a lot better if they'd been to Coinbase's HQ. If they can find it. The Market St. address in San Francisco is a mail drop for a service that opens paper mail, scans it, and emails it. The Bluxome St. address is someone's condo.
This is not accurate at all, I've been to Coinbase HQ in SF, it's way larger than a mailbox.
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#15From the article: "The information in this post was collected exclusively from the bitcoin community on ZapChain, and Nick Tomaino from Coinbase." The article would be a lot better if they'd been to Coinbase's HQ. If they can find it. The Market St. address in San Francisco is a mail drop for a service that opens paper mail, scans it, and emails it. The Bluxome St. address is someone's condo.
An armed assault on Coinbase HQ while staff are present would be a nearly foolproof way to instantly, irreversibly, untraceably obtain a few hundred million dollars of BTC. Its physical security requirements would be orders of magnitude beyond any other SV startups, even greater than the largest banks (because banks can retroactively reverse transfers and call the police when you try to deposit suitcases of stolen ca…
There's a reason why the United States Bullion Depository is on an Army base. (James Bond plots not withstanding)
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#16Earlier quoted context omitted.
An armed assault on Coinbase HQ while staff are present would be a nearly foolproof way to instantly, irreversibly, untraceably obtain a few hundred million dollars of BTC. Its physical security requirements would be orders of magnitude beyond any other SV startups, even greater than the largest banks (because banks can retroactively reverse transfers and call the police when you try to deposit suitcases of stolen ca…
If you're thinking that way, then an attacker could also just kidnap/torture relatives of key people. That's far lower key than an assault on an office building with cameras, silent alarms, etc.
It is that hard to design internal controls that prevent a theft when 100% of the staff are in the same room with their computers and guns to all of their heads.
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#17From the article: "The information in this post was collected exclusively from the bitcoin community on ZapChain, and Nick Tomaino from Coinbase." The article would be a lot better if they'd been to Coinbase's HQ. If they can find it. The Market St. address in San Francisco is a mail drop for a service that opens paper mail, scans it, and emails it. The Bluxome St. address is someone's condo.
An armed assault on Coinbase HQ while staff are present would be a nearly foolproof way to instantly, irreversibly, untraceably obtain a few hundred million dollars of BTC. Its physical security requirements would be orders of magnitude beyond any other SV startups, even greater than the largest banks (because banks can retroactively reverse transfers and call the police when you try to deposit suitcases of stolen ca…
I'm not sure the thieves would be able to significantly profit off of their heist if they took everything at once.
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#18Yeah, "one of".
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#19> Nick Tomaino, who dropped out of Yale to join Coinbase, was awesome enough to set aside an entire day to answer our questions. So drop out of Yale to do business development at Coinbase? Miss the chance to forge strong personal relationships which could last for decades? Relinquish the opportunity to learn and research for 3-4 years and instead "hustle" with the risk of being pink-slipped every Monday morning? Perh…
Re: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
#20From the article: "The information in this post was collected exclusively from the bitcoin community on ZapChain, and Nick Tomaino from Coinbase." The article would be a lot better if they'd been to Coinbase's HQ. If they can find it. The Market St. address in San Francisco is a mail drop for a service that opens paper mail, scans it, and emails it. The Bluxome St. address is someone's condo.