111–120 of 355 posts
From my very uninformed perspective, the tool mostly does what it says on the tin these days, but that hasn't always been the case. I would be interested in following along with Coinbase during this transition, and hearing more about what MongoDB is used for there today.
With the frenzy out there, Coinbase makes crypto currencies trading/investing/purchasing as robust and seemingly as safe as possible. This could be a signal, now that we have some reputable market players that crypto currencies are really just starting and there is a very high ceiling. Getting in before coinbase you had to mine your own (that party ended quickly - Butterfly Labs, cex.io for cloud mining etc) or be pa…
I've run into all sorts of bugs which made the site annoying to use. 1. My bank account has a 5000$ limit and my credit card has a 750$ limit. After spending 1000$ from the bank (which takes a week), I wanted a quick 50$ from my CC, but it said I was already past the 750$ limit. 2. When trying to recover an older account, the recovery keeps asking for my phone number but isn't sending me texts properly. If you say yo…
I did this a week ago. They ask you for your current (= old) phone number and your new phone number, but you don't actually need access to your old phone number. You just need to enter it.
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Completely false. The number one rule of bitcoin is never store your bitcoin on an exchange. https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United... https://en.wikipedia.org/wiki/Executive_Order_6102 You wait and see what happens when coinbase has 500 billion or a trillion dollars worth of hard currency on their platform, and the us dollar is three years into its slide. The temptation to raid that will be far…
For a large number of people, the likelihood of the us government stealing all of coinbase's money is far lower than the likelihood of them losing their key to their hardware wallet or whatever.
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ACH does not work in read or in write-only mode. Once you provide someone your ACH info, they can deposit you money.. or empty out your bank account! I had few rough service providers who tried to come up with some magical charges (technical fee of $500 per year) after agreement was signed and had to change bank numbers to make sure they wont take the money out since it would be more than $500 to fight them in court.…
So if you write someone a personal check they can empty your account?
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I have a bitcoin debit card. It works just fine thanks. I can spend it anywhere that accepts a card.
You are spending fiat though with that debit card, like every debit card. Transactions are off-chain.
Bitcoin from my wallet is being spent. It is increasing in value while i don't spend it, because it is in bitcoin. It is no different than an American using their cc in europe.
With the frenzy out there, Coinbase makes crypto currencies trading/investing/purchasing as robust and seemingly as safe as possible. This could be a signal, now that we have some reputable market players that crypto currencies are really just starting and there is a very high ceiling. Getting in before coinbase you had to mine your own (that party ended quickly - Butterfly Labs, cex.io for cloud mining etc) or be pa…
*In addition intermittent outages which prevented me from accessing their site, I sent some Satoshi from my local wallet to coinbase (10 days ago at time of writing) in order to unload some; transaction was marked "pending"; they've since sold the coins; customer support has stopped responding to my emails.
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Stock futures are 24 hours. I believe the vast majority of equity volume is in stock futures rather than stocks themselves. Institutional investors drive this volume
Your three statements are false.
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Brian Armstrong has quite the history of being on the wrong side of every argument to do with safe and scalable crypto implementation. He has been a champion of centralization and attacks on bitcoin governance. He was a vocal proponent of four out of the five failed fork attempts of bitcoin over the past couple of years. He, and coinbase investors, are very lucky they had people like Charlie Lee managing the technica…
I’m not sure if you’re willfully misinterpreting what happened or just unware, but the debate over how to scale bitcoin (basically, on-chain vs off-chain) is know being played out with Bitcoin vs Bitcoin Cash. And it’s looking like big blocks is actually a solution for scalability (lower fees, faster transactions), at least in the short term. (For those not aware, Bitcoin Cash is a fork of Bitcoin that removes segwit…
http://bitcoinist.com/coinbase-ceo-brian-armstrong-announces...
Not to mention being a signatory to the nya, being the attempted hostile takeover of bitcoin via 2x that crashed one block before the fork. And let's not forget :
http://www.coinfox.info/news/persons/5012-brian-armstrong-ca...
Losing side. Every time.
And no one is interested in a centralized alt like bch, which is why it has virtually no traffic. If people were interested in that use case, they'd be using litecoin, having double the capacity of bch, as well as having segwit, and atomic swaps with bitcoin.
With the frenzy out there, Coinbase makes crypto currencies trading/investing/purchasing as robust and seemingly as safe as possible. This could be a signal, now that we have some reputable market players that crypto currencies are really just starting and there is a very high ceiling. Getting in before coinbase you had to mine your own (that party ended quickly - Butterfly Labs, cex.io for cloud mining etc) or be pa…
that crypto currencies are really just starting and there is a very high ceiling Starting at what? What is the value proposition that is actually in play here, for which there is some hard evidence of it's existence, other than a speculative frenzy? It's a bit galling how many people this go 'round are just outright saying "yeah, it's a ponzi, come on guys hop on! there's a high ceiling! hope you get your chair when…