Topic: Coinbase - Funded by Paul Graham - page 2. (Read 10191 times)
No, it's a bitpay copy with a prettier but much more vague landing page.
Whats coinbase? tell me its no another Bitcoin copy..
So why does this site not have an open market like other sites have?
Although it was simple to use, so that makes up for it.
Although it was simple to use, so that makes up for it.
Necro thread 
- but hey, I actually came here today to see if Coinbase's reputation was holding up.
- but hey, I actually came here today to see if Coinbase's reputation was holding up.It is , it is ..I always use them!
Necro thread - but hey, I actually came here today to see if Coinbase's reputation was holding up.
- but hey, I actually came here today to see if Coinbase's reputation was holding up. 
Works for me...2 factor auth. They deposit to your bank to verify.
I gave them all my bank account information. Seems legit.
edit: and yeah, 5 days later, got my coins. Nice.
edit: and yeah, 5 days later, got my coins. Nice.
isn't this the same as Flexcoin?
Now that you mention it...it sort of does seem like flexcoin.
isn't this the same as Flexcoin?
Hmm, I dont like paypal for a number of reasons, especially for their power over users funds and the despotic and in many cases unnecessary use of that power.
@ Brian:
- How are you trying to avoid bad service like paypal (if at all)?
- You have mentioned, the advantage of coinbase use over bitcoin use by the simplicity of its user experience. What will you do once the available bitcoin clients catch up?
- Concerning the exchange topic: Will I be able to fund my coinbase account with currency XY and withdraw currency YZ from it?
@ Brian:
- How are you trying to avoid bad service like paypal (if at all)?
- You have mentioned, the advantage of coinbase use over bitcoin use by the simplicity of its user experience. What will you do once the available bitcoin clients catch up?
- Concerning the exchange topic: Will I be able to fund my coinbase account with currency XY and withdraw currency YZ from it?
@brian_armstrong
First off congratulations on funding! Second how you plan on taking on this mainstream, is it thru widgets to make payments easier or just have a websites badges people can put up? I understand you can't talk about it probably. Also are you going to still make some features that appeal to the advance users, like blockcoin.info's wallet allows you to dump the wallet out, and give it private keys? I also be curious of your funding will go into buying bitcoins to stock your currency exchange part of the site? Good Luck!
First off congratulations on funding! Second how you plan on taking on this mainstream, is it thru widgets to make payments easier or just have a websites badges people can put up? I understand you can't talk about it probably. Also are you going to still make some features that appeal to the advance users, like blockcoin.info's wallet allows you to dump the wallet out, and give it private keys? I also be curious of your funding will go into buying bitcoins to stock your currency exchange part of the site? Good Luck!
@ brain armstrong
"We're making a long term bet that for bitcoin to go mainstream, regular consumers will need an easy cloud solution like this, and we'd like to be that trusted offering."
How do you define 'mainstream'? do you define it in terms of market capitalization or user base or both?
Does ycombinator have any plans beyond coinbase to to facilitate mainstream adoption?
"We're making a long term bet that for bitcoin to go mainstream, regular consumers will need an easy cloud solution like this, and we'd like to be that trusted offering."
How do you define 'mainstream'? do you define it in terms of market capitalization or user base or both?
Does ycombinator have any plans beyond coinbase to to facilitate mainstream adoption?
When I say mainstream I mean non-technical users. (Bitcoin still feels too nerdy to me. And by the way, I consider myself a nerd!)
Quote
You should get a bitcoin security professional like Vladamir on board. Also setup cold storage for the coins you dont need to have in a hot wallet to run the site. And get a dedicated server in a locked cage
Edit: and dont keep your backups on the same server your site is on.
Vladamir is some serious security backing behind him get him on board make us all feel good.
edit: oh and welcome Brian was just chatting w/ you
thanks for taking the time to chat with us!Would love to chat with him, how can I get in touch with Vladamir? Anyone have a link to his profile?
https://bitcointalksearch.org/user/vladimir-3380 thanks for taking advice Brian
Messaged! Would love to get his experience/advice.
2. 0.5% to exchange into/out of bitcoin (once we launch bank integration) is the current plan. Once you have bitcoins transactions are free.
So, in this respect Coinbase will be operating as an exchange, like MtGox? Do I understand you correctly?
You could say that, but I don't think users will think of it as an exchange. The focus will be on easy payments, and one side benefit of the site will be easy adding/withdrawing of bitcoins to their bank account. At least that is how I imagine it
Right, and they simplify the use by offering sending stuff around between their users by simply using an email (like paypal).
Plus you can keep coins off the actual site unless depositing or withdrawing, which can be stored on a different server altogether.
Right, and they simplify the use by offering sending stuff around between their users by simply using an email (like paypal).
2. 0.5% to exchange into/out of bitcoin (once we launch bank integration) is the current plan. Once you have bitcoins transactions are free.
So, in this respect Coinbase will be operating as an exchange, like MtGox? Do I understand you correctly?
No.. He is saying they want to operate as does Paypal on top of the traditional banking system. Coinbase users will be able to fill up their "bitcoin" balance with either bitcoins or another currency and then they'd hold only representations of bitcoins which they could send to each other for free or send outside of Coinbase to an actual Bitcoin address for a 0.5% fee. I might have misunderstood about the fee part but the rest I'm pretty sure off.
It's what paypal does but for bitcoin..
It makes sense to create an internal database coin.
2. 0.5% to exchange into/out of bitcoin (once we launch bank integration) is the current plan. Once you have bitcoins transactions are free.
So, in this respect Coinbase will be operating as an exchange, like MtGox? Do I understand you correctly?
No.. He is saying they want to operate as does Paypal on top of the traditional banking system. Coinbase users will be able to fill up their "bitcoin" balance with either bitcoins or another currency and then they'd hold only representations of bitcoins which they could send to each other for free or send outside of Coinbase to an actual Bitcoin address for a 0.5% fee. I might have misunderstood about the fee part but the rest I'm pretty sure off.
It's what paypal does but for bitcoin.. which I believe is the expected natural progression that layers on top of Bitcoin will take.
@ brain armstrong
"We're making a long term bet that for bitcoin to go mainstream, regular consumers will need an easy cloud solution like this, and we'd like to be that trusted offering."
How do you define 'mainstream'? do you define it in terms of market capitalization or user base or both?
Does ycombinator have any plans beyond coinbase to to facilitate mainstream adoption?
"We're making a long term bet that for bitcoin to go mainstream, regular consumers will need an easy cloud solution like this, and we'd like to be that trusted offering."
How do you define 'mainstream'? do you define it in terms of market capitalization or user base or both?
Does ycombinator have any plans beyond coinbase to to facilitate mainstream adoption?
Quote
You should get a bitcoin security professional like Vladamir on board. Also setup cold storage for the coins you dont need to have in a hot wallet to run the site. And get a dedicated server in a locked cage
Edit: and dont keep your backups on the same server your site is on.
Vladamir is some serious security backing behind him get him on board make us all feel good.
edit: oh and welcome Brian was just chatting w/ you
thanks for taking the time to chat with us!Would love to chat with him, how can I get in touch with Vladamir? Anyone have a link to his profile?
https://bitcointalksearch.org/user/vladimir-3380 thanks for taking advice Brian
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