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Buy, sell, send and receive Bitcoin Cash on Coinbase

blog.coinbase.com

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Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#51

Post by wmf »

stevebmark wrote: post #38
hendzen wrote: post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

I think it would be pretty cool to see Coinbase employees go to prison for insider trading. Not out of any sort of vengeance, I just think it would be a huge paradigm shift in cryptoland. Continuing saga between regulation and pure greed/manipulation of cryptos. I assume most country's (especially the US's) federal regulations are way too slow to verify this is in fact true illegal insider trading though?

That paradigm shift already happened with Charlie Shrem.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#52

Post by c0nducktr »

fanzhang wrote: post #28
imsofuture wrote: post #19

Maybe focus on fixing the broken bits of your site, like ID verification.

Coinbase customers probably prioritize receiving an extra 10%+ value on their accounts above those features.

It's all good until you actually have a problem, and then you're just stuck emailing someone who never replies.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#53

Post by tehlike »

Cyberdog wrote: post #49
stevebmark wrote: post #38

Earlier quoted context omitted.

I think it would be pretty cool to see Coinbase employees go to prison for insider trading. Not out of any sort of vengeance, I just think it would be a huge paradigm shift in cryptoland. Continuing saga between regulation and pure greed/manipulation of cryptos. I assume most country's (especially the US's) federal regulations are way too slow to verify this is in fact true illegal insider trading though?

There is nothing cool about tearing people away from their families and locking them in tiny cages for such a nebulous and arguably victimless "crime."

Victimless? How so?

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#55

Post by Trundle »

jgrowl wrote: post #13
hendzen wrote: post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

Real talk though. Why does it matter? No skin off my back.

Insider trading laws gamify the finance industry by reducing the level of accuracy with which people are permitted to trade in order to increase the liquidity in the market. I believe this is done to increase stability.

It's purely an economic decision to have it be illegal, I can't see anything inherently immoral about it. Some people consider breaking the law to be immoral even when the activity would otherwise be ok however I suspect most people that get angry about insider trading do so because its an activity associated with wealthy wall street types and they're really just angry at wealthy wall street types.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#56

Post by cohnnton »

hendzen wrote: post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

Yes, YCombinator, you should be proud; you've made a giant money sucking machine that will suck money out of clueless millennials, poor grandmas, and well, mainstream idiots. Here's to no government regulations!!

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#57

Post by H99189 »

Would anyone know why a small purchase from Coinbase would still be pending two full weeks or more after funds had left my checking account? Their support isn't too helpful. I've made other successful buys and sells, but one transaction is just stuck pending it seems and they're not being very helpful.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#58

Post by koolba »

hendzen wrote: post #43
stevebmark wrote: post #38

Earlier quoted context omitted.

I think it would be pretty cool to see Coinbase employees go to prison for insider trading. Not out of any sort of vengeance, I just think it would be a huge paradigm shift in cryptoland. Continuing saga between regulation and pure greed/manipulation of cryptos. I assume most country's (especially the US's) federal regulations are way too slow to verify this is in fact true illegal insider trading though?

I don't really know if any Coinbase employees really committed insider trading - I'm just speculating based on the fact that the price of BCH appeared to rise significantly before the public announcement. Its also unclear what internal firm policies that Coinbase has in place to prevent insider trading, see my reply to hisabness for more on that and an explanation (note: IANAL) of how regulation could be applied.

If a Coinbase employee wanted to trade on inside info they wouldn’t have to do it through Coinbase either. They could do it on another exchange.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#59

Post by adjkant »

H99189 wrote: post #57

Would anyone know why a small purchase from Coinbase would still be pending two full weeks or more after funds had left my checking account? Their support isn't too helpful. I've made other successful buys and sells, but one transaction is just stuck pending it seems and they're not being very helpful.

This happened to me twice on GDAX, had them clear it out for me within 24 hours via support. No explanation given.
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