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Update on Bitcoin Cash

blog.coinbase.com

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Re: Update on Bitcoin Cash

#231

Post by nebabyte »

mrb wrote: post #122
nebabyte wrote: post #117

Earlier quoted context omitted.

In what regard do you consider coinbase a "good alternative" to anything, let alone gemini? The issues people have consistently reported with it for as long as I've known about it - bad lock-ins during fluctuations, difficulty resolving support requests and withdrawing - are all borderline showstoppers from where I sit; I don't think I'd ever use let alone recommend coinbase to anyone, no offense to its employees in…

I stated merely my personal experience. I recognize others have different experiences... usually because of Coinbase's fraud detection false positives. Use Coinbase for a while, building a history of buying or selling, and it will help.

Still, in your personal experience, there would/could be examples of things it "does better" than gemini. I was wondering what those were.

Re: Update on Bitcoin Cash

#232

Post by bayonetz »

sowbug wrote: post #225
bayonetz wrote: post #217

Earlier quoted context omitted.

Right, withdrawal is easy. Figuring out how to actually claim my BCC was a (figurative) eternity. Appreciate your dismissive attitude though! Bottom line, Coinbase could have made this easy. It's not like this was some random fork by some nobody faction. I want crypto coins to succeed and it won't happen as long as we have to manage our own wallets and such.

You make it sound like adding support at the level they have for their other currencies is something they can do on a whim. Unless you've worked in commercial software, that's a forgivable attitude, but it's very far from reality for a company like Coinbase that is establishing a brand of trust and stability, not chasing the latest sparkly fork (of which there are many) and saying oops sorry when they screw up by mov…

Nope, not even asking for the level of support they have for BTC/ETH/LTC. I was talking a simple ability to access/withdraw out the BCC post-fork.

I do work in consumer software and I stand by my recommendation. I'm pretty sure they wish they would have just done it to start with PR-wise. No doubt it will be a hassle for them but being willing to take on the right hassles is what inspires loyalty from consumers like me.

I don't understand how it's "Monday-morning quarterbacking". I mean it's not controversial to say this fork was a long time coming and had a solid bloc of support. Coinbase is basically implicitly agreeing here that they should have done this to start or at least publicly left it open to support BCC should it prove legitimate. It's almost like they came out against to try to make it go away "these aren't the droids you are looking for"-style.

Just for the record, I've enjoyed using GDAX/Coinbase thus far to trade the coins they do support.

Re: Update on Bitcoin Cash

#233

Post by cbr »

jbverschoor wrote: post #141
cbr wrote: post #85

Earlier quoted context omitted.

Before the fork they wrote: Q: Do I need to withdraw my BTC from Coinbase? ... If you wish to access your coins on the UAHF chain ... you should withdraw your BTC from Coinbase to an external wallet address under your control by July 31. https://support.coinbase.com/customer/portal/articles/284421...

3 days notice. Opening an account somewhere can take weeks

You can withdraw to a paper wallet without opening an account. You generate a new keypair, initiate a withdrawal from coinbase to your public key, and then can get both XBT and BCC from the private key later.

Re: Update on Bitcoin Cash

#234

Post by pmorici »

tesin wrote: post #196
pmorici wrote: post #193

Earlier quoted context omitted.

I've gotta say I've always been skeptical of posts like this because there is a lot of faux hate spewed on the Internet about Coinbase due to them having spoken the heresy of supporting bigger blocks. That said I'm currently experiencing a problem where all emails from Coinbase to my email address are being lost and it isn't a spam filter. I emailed them describing the problem and they emailed me back with the boiler…

Working in higher ed, I'd say it's more likely your university is filtering it as spam before it ever hits your inbox. Bitcoin and it's ilk are giant red flags for over-protective systems. (I'm not endorsing it, just trying to give some advice).

It's just a forwarding account, I've had it for over a decade and have never experienced it filtering spam or coinbase emails before this past month. I think it is a lot more likely that Coinbase did something with their email system. The forwarding service doesn't support TLS so it seems plausible that Coinbase wouldn't want to send email to known insecure smtp servers but who knows.

Re: Update on Bitcoin Cash

#235

Post by sowbug »

bayonetz wrote: post #232
sowbug wrote: post #225

Earlier quoted context omitted.

You make it sound like adding support at the level they have for their other currencies is something they can do on a whim. Unless you've worked in commercial software, that's a forgivable attitude, but it's very far from reality for a company like Coinbase that is establishing a brand of trust and stability, not chasing the latest sparkly fork (of which there are many) and saying oops sorry when they screw up by mov…

Nope, not even asking for the level of support they have for BTC/ETH/LTC. I was talking a simple ability to access/withdraw out the BCC post-fork. I do work in consumer software and I stand by my recommendation. I'm pretty sure they wish they would have just done it to start with PR-wise. No doubt it will be a hassle for them but being willing to take on the right hassles is what inspires loyalty from consumers like…

We're not going to agree on this because we interpret the facts differently. We agree companies should take on only "the right hassles," but I remain far from convinced, even today, that this is one of the right ones for Coinbase.

You think "a simple ability" takes less time. I think making it simple actually takes even more time, especially when Coinbase has a history of indemnifying its customers even when it wasn't responsible for the loss (GDAX/ETH flash crash), which means that a bare-bones tool with a ton of CYA documentation isn't going to cut it for them.

You saw a "solid bloc of support." I saw a fracas of tweets, bitcoin.org posts, and /r/b* proselytizing on many sides (not just for/against BCH but also for/against the other BIPs, as well as other things unilaterally calling themselves "consensus" or "agreement"). I'm still not convinced anyone but ViaBTC is in it for real (https://www.coindesk.com/even-miners-hate-bitcoin-cash-might...).

You probably believe BCH is currently valued in the mid-$200s. I see a thin market controlled primarily by exchanges imposing extremely conservative deposit requirements (up to 20 confirmations) that happen to function nicely as supply controls as well, and while I can't predict the future, I doubt an unconstrained market would send the price upward at this point.

Remember, the point of BCH was to make day-to-day on-chain transactions a realistic, scalable proposition. We're not even close to that being a reality, even in contrived pizza-buying scenarios. I'm still concerned that this fork will make exasperated merchants nope their way out of cryptocurrencies entirely, especially when intermediaries like BitPay face the practical usability nightmare of BCH and BTC addresses being visually identical.

Bitcoin has its practical use cases that have been hard-won over nearly a decade. Ethereum's elevator pitch is ICOs. Both of them have clear reasons to exist. But Bitcoin Cash's pitch at this point is "like Bitcoin but without the network effects." I understand where it wants to go, but for now it's just a speculative vehicle, and I understand why Coinbase doesn't want to help enable that usage.

Re: Update on Bitcoin Cash

#236

Post by bayonetz »

sowbug wrote: post #235
bayonetz wrote: post #232

Earlier quoted context omitted.

Nope, not even asking for the level of support they have for BTC/ETH/LTC. I was talking a simple ability to access/withdraw out the BCC post-fork. I do work in consumer software and I stand by my recommendation. I'm pretty sure they wish they would have just done it to start with PR-wise. No doubt it will be a hassle for them but being willing to take on the right hassles is what inspires loyalty from consumers like…

We're not going to agree on this because we interpret the facts differently. We agree companies should take on only "the right hassles," but I remain far from convinced, even today, that this is one of the right ones for Coinbase. You think "a simple ability" takes less time. I think making it simple actually takes even more time, especially when Coinbase has a history of indemnifying its customers even when it wasn'…

Oh but we are going to agree on this because...I'm opening my mind to what you are saying. Way too much energy behind this for you to just be some guy trying to win an argument on the Internet. Thanks for the perspectives.

Re: Update on Bitcoin Cash

#237

Post by sowbug »

bayonetz wrote: post #236
sowbug wrote: post #235

Earlier quoted context omitted.

We're not going to agree on this because we interpret the facts differently. We agree companies should take on only "the right hassles," but I remain far from convinced, even today, that this is one of the right ones for Coinbase. You think "a simple ability" takes less time. I think making it simple actually takes even more time, especially when Coinbase has a history of indemnifying its customers even when it wasn'…

Oh but we are going to agree on this because...I'm opening my mind to what you are saying. Way too much energy behind this for you to just be some guy trying to win an argument on the Internet. Thanks for the perspectives.

:) Be well.

Re: Update on Bitcoin Cash

#239

Post by tmat »

pc86 wrote: post #201
tmat wrote: post #173

Earlier quoted context omitted.

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

yes because the measure of someones intelligence is their grammar on the internet.
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