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Update on Bitcoin Cash

blog.coinbase.com

201–210 of 239 posts

Re: Update on Bitcoin Cash

#201
post #173

Earlier quoted context omitted.

VP Ops at Coinbase We are trying to scale our support team as quickly as possible. Wish I had a better answer for you. https://blog.coinbase.com/improving-customer-support-139d99e... If you still need help with your issue, send me an email (in my profile).

your team is to dumb to be in charge of other peoples money.. Bought cannabis seeds(in a legal state) with coins I bought at coinbase(sent to another wallet, then purchased..) 3 years later I get an email saying my account has been closed due to purchases I've made... LOL coinbase can go to hell.

> to dumb

Okay

Re: Update on Bitcoin Cash

#202
post #109

Earlier quoted context omitted.

How else would I safely keep the private keys?

Use wallet software on your own PC. I run a full node on my PC.

Thanks, I'll look into it. My naïve opinion is that a desktop client would be less secure than Coinbase's vault. Hardware wallets are generally unavailable or inflated (Trezor and Nano S). Therefore, I assumed paper wallet was the only option.

Re: Update on Bitcoin Cash

#203
post #65

Earlier quoted context omitted.

Seconded. I've had money locked up in Coinbase, unable to sell or trade out of their platform, until I complete an identity verification. Problem is, their code seems to be buggy and even after correctly entering information, I'm told that no identity could be found. No response from support, and from /r/coinbase and their user forums, seems many (many, many!) users have the same issue. Not much point in using an exc…

VP Ops at Coinbase. Send me an email (in my profile) and we can have someone manually resolve.

Kornish's email is in his profile. Perhaps you should email him.

Re: Update on Bitcoin Cash

#204
post #49

Say what you will about Coinbase, but I really appreciate their willingness to adapt and respond to customer feedback. I personally didn't want to take on the risk of creating a paper wallet and having to move my small amount of BTC from my Coinbase vault, so this is great news for me.

Taking 5 months to enable trading doesn't seem like "adoption"

It's more complicated than this.

They probably could implement it much sooner, but they are waiting for 2 things (I'm speculating here).

1. Larger hashrate, which decreases likelihood of a 51% attack.

2. SegWit2x November hard fork.

Re: Update on Bitcoin Cash

#205
post #58

Question: if Coinbase never claimed the Bitcoin Cash, would there be any grounds for a lawsuit?

They don't have to claim it. Purely by controlling the addresses that held BTC at the time of the fork, Coinbase controls the BCH that magicked into existence. The issue is that BCH belongs to the original owner of the BTC it was forked from. Despite Coinbase telling people to withdraw their BTC if they wanted the BCH a lot of people no-doubt now feel aggrieved that they're unable to access the new theoretical windfa…

How is that not bullshit though? Like, if I were a company that didn't want to take a side, had projects in the pipeline, and didn't want to have to build out infrastructure, extra warnings, and educational content for the speculators that will probably send BCH XBT, I don't see why I can't tell all the BCH enthusiasts that my company won't redeem the BCH, and to send their funds out so that they can redeem the BCH they're entitled to.

It costs a lot of man hours to add infrastructure work for that, and they're setting a precedent that they'll support every single fork that people speculate with.

I personally think this is lazyman bullshit where people harp about how Coinbase being amicable with the feds are bad until they want to file suit lol. People who were knowledgeable enough about the fork but too lazy to learn how to move their Bitcoin out, not have their private keys stolen/lost, and redeem the coins on two chains without fucking up feel entitled to free money that costs Coinbase man hours and technical debt. Despite all ideals about them technically controlling the BCH, they should be able to draft a legal document placing their licensing at stake that asserts they're not claiming customer BCH and get back to answering my limit increase email.

*Disclaimer: I don't work for Coinbase or a Bitcoin company

Re: Update on Bitcoin Cash

#206
post #33

Earlier quoted context omitted.

Can someone who understands pros and cons of bcc vs btc explain to me ( us ) which one of the two is more likely to scale / win ?

BCC = Block space isn't a big deal BTC = Block space is a big deal The number of auditors is inversely proportional to the size of blocks. If you don't think automated auditing of the mint by as many disparate entities as possible is a prerequisite of sound money, then you probably think BCC makes the right decisions. If you do, then BTC makes the right decisions.

You don't need external auditors when you can audit yourself using a full validating client.

Miners provide a means of reaching consensus (it's computationally very difficult to disagree in a way that complies with the rules). That's all.

Re: Update on Bitcoin Cash

#207
post #131

I have been a long time coinbase user. I have been very unhappy with their support. I have been unable to add additional funds to buy both additional ethereum and btc from their site, even after contacting them repeatedly about this ... but never getting a reply. I did multiple identity verifications and connected bank and credit cards. No luck in being able to transact properly. Bitcoin Cash was a forcing function a…

Not to mention that their website was pretty much constantly down during the recent period of Ethereum volatility. Whenever Ethereum price started to move (which is exactly the moment when people want to sell/buy) they would go tits up. And not just for a minute or two, but hours.

Re: Update on Bitcoin Cash

#208

Earlier quoted context omitted.

Right. It's like a stock split, except the company actually splits into two essentially identical competitors. No matter which competitor "wins", your assets should keep the same total value they had before.

Not quite like a stock split. In stock splits its almost guaranteed that the total valuation is similar. This is wild, wild cryptoland. At the moment both Bitcoin and Bitcoin Cash are rising - so a lot of "free" money (at least in the short term.). For now, two coins is better than one :p EDIT: allright, Bitcoin Cash has been declining for a few days now. However, it still has quite a bit of value that has not disapp…

Rationally, though, the increase should have happened anyway. Fair point about crytoland though :)

Re: Update on Bitcoin Cash

#210

Earlier quoted context omitted.

biggest thing you need to do to improve support is stop sending mailings from a no-reply email address. Replying should create a support ticket automatically if the email it came from is associated with an account. Further verification could be required depending on the request.

> stop sending mailings from a no-reply email address This should be a general rule for the whole internet.

I think sending from a no-reply with a reply-to defined works though.
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