CCCB: Coinbase is close to Bankruptcy - page 3.

Bitcoinpro

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Quote from: 7788bitcoin on May 24, 2016, 01:26:24 AM

Quote from: Bitcoinpro on May 24, 2016, 12:58:33 AM

Been seeing enough reports recently to suggest they are in major

trouble,

I really would like to read some of the "reports" you mentioned here. Although personally I am a bit disappointed with Coinbase to include Ether in their business, I still think they are important for the development of bitcoin use. Please forward the links or full text of the reports.

people are hestitant to complain for fear of affecting the company

seems as though some big withdrawals have been delayed

I think the insurer covers company theft, id say people

will get their money they, should launch an insurance claim now

though, the insurer will also be quick to put a halt on claims

for new deposits, this is going to be interesting

An insurance covered bankruptcy

7788bitcoin

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Quote from: Bitcoinpro on May 24, 2016, 12:58:33 AM

Been seeing enough reports recently to suggest they are in major

trouble,

I really would like to read some of the "reports" you mentioned here. Although personally I am a bit disappointed with Coinbase to include Ether in their business, I still think they are important for the development of bitcoin use. Please forward the links or full text of the reports.

Bitcoinpro

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Quote from: coblee on May 24, 2016, 01:19:40 AM

Please stop spreading lies. Coinbase is very healthy and we have a long runway.

Charlie Lee
Director of Engineering @ Coinbase

its up to your insurer to decide that now

public opinion is growing that ur funds have run out

DGulari

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Quote from: coblee on May 24, 2016, 01:19:40 AM

Please stop spreading lies. Coinbase is very healthy and we have a long runway.

Charlie Lee
Director of Engineering @ Coinbase

Get back to work and stop fucking around in Internet forums. When your director of engineering is monitoring internet forums instead of building important shit - you know you are in very big trouble - $75M or $175M - you're going to spend it all if people aren't working.

pooya87

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Quote from: Bitcoinpro on May 24, 2016, 12:58:33 AM

Been seeing enough reports recently to suggest they are in major

trouble,

i have never used coinbase before because of their stupid rules and Terms of services. but i doubt that they are in any trouble.

can you give any link to these "reports"?

coblee

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Creator of Litecoin. Cryptocurrency enthusiast.

Please stop spreading lies. Coinbase is very healthy and we have a long runway.

Charlie Lee
Director of Engineering @ Coinbase

Bitcoinpro

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Quote from: alyssa85 on May 24, 2016, 01:14:26 AM

Quote from: DGulari on May 24, 2016, 01:09:20 AM

Quote from: alyssa85 on May 24, 2016, 01:05:48 AM

What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

Can you say 'burn rate'? $75M is nothing the way these guys were operating a year or two ago. They've been spending money out their ass with a huge staff of people doing a bunch of bullshit. The hype will really get to you. I believe the reports. Get your money out of Coinbase now - don't wait around until another Gox thing happens. If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

Again - what reports?

Produce something specific. I know this forum hates them because they advocate a blocksize increase, but trying to spread FUD about their business without any proof is a bit low...

they are big enough to have a rep here

stop spreading ur own fud

Bitcoinpro

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Quote from: DGulari on May 24, 2016, 01:09:20 AM

Quote from: alyssa85 on May 24, 2016, 01:05:48 AM

What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

Can you say 'burn rate'? $75M is nothing the way these guys were operating a year or two ago. They've been spending money out their ass with a huge staff of people doing a bunch of bullshit. The hype will really get to you. I believe the reports. Get your money out of Coinbase now - don't wait around until another Gox thing happens. If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

too late to withdraw now, file a claim with their insurer before

they cancel the coinbase contract!!!!

ranlo

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Quote from: DGulari on May 24, 2016, 01:09:20 AM

Quote from: alyssa85 on May 24, 2016, 01:05:48 AM

What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

Can you say 'burn rate'? $75M is nothing the way these guys were operating a year or two ago. They've been spending money out their ass with a huge staff of people doing a bunch of bullshit. The hype will really get to you. I believe the reports. Get your money out of Coinbase now - don't wait around until another Gox thing happens. If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

I don't necessarily agree that they're in trouble (and feel the opposite, actually), but I can't stress enough that the point about Bitcoin (and cryptos in general) is that YOU control them. If they're in the hands of another (read: Coinbase) you aren't in control. Whether they're going to crash and burn or not is irrelevant, because you should only have coins on an exchange when necessary. So I disagree with your reasoning but absolutely agree with you saying to remove coins.

alyssa85

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Quote from: DGulari on May 24, 2016, 01:09:20 AM

Quote from: alyssa85 on May 24, 2016, 01:05:48 AM

What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

Can you say 'burn rate'? $75M is nothing the way these guys were operating a year or two ago. They've been spending money out their ass with a huge staff of people doing a bunch of bullshit. The hype will really get to you. I believe the reports. Get your money out of Coinbase now - don't wait around until another Gox thing happens. If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

Again - what reports?

Produce something specific. I know this forum hates them because they advocate a blocksize increase, but trying to spread FUD about their business without any proof is a bit low...

DGulari

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Quote from: alyssa85 on May 24, 2016, 01:05:48 AM

What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

Can you say 'burn rate'? $75M is nothing the way these guys were operating a year or two ago. They've been spending money out their ass with a huge staff of people doing a bunch of bullshit. The hype will really get to you. I believe the reports. Get your money out of Coinbase now - don't wait around until another Gox thing happens. If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

Bitcoinpro

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Quote from: alyssa85 on May 24, 2016, 01:05:48 AM

What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

They have added alts because they think the blocksize problem means that bitcoin won't make it and they are positioning for a MySpace => Facebook move should it happen.

It is worth noting that both BTC-E and Gemini have come to the same conclusion and have both added Ether in the last month...

their will be lots of myspace on their webpage soon

maybe even some bingspace like cryptsy

alyssa85

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What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.

They have added alts because they think the blocksize problem means that bitcoin won't make it and they are positioning for a MySpace => Facebook move should it happen.

It is worth noting that both BTC-E and Gemini have come to the same conclusion and have both added Ether in the last month...

Bitcoinpro

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Rebranding wont protect them from bankrupty only chapter 11 can do that

NorrisK

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That could explain their rebranding and addition of alt coins..

Increasing their income from fees from highly traded trade pairs is the best way to increase their turn over.

The rebrand was probably expensive and unnessary though if they really are in rough waters.

Bitcoinpro

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Been seeing enough reports recently to suggest they are in major

trouble,

Topic: CCCB: Coinbase is close to Bankruptcy - page 3. (Read 3356 times)