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?
Topic: Coinbase - Funded by Paul Graham - page 3. (Read 10191 times)
So, in this respect Coinbase will be operating as an exchange, like MtGox? Do I understand you correctly?
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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?
@ Brian,
Hi, could you please shed some light on this:
- Why should I use coinbase over bitcoin directly?
- in that relation: Why would I lay the fate of my funds into your hands, where they can be stolen, frozen, lost, delayed... any time?
- What fees apply to use your services?
- Do I need to have a coinbase account to receive/send payments with you? Do you also send to BTC adresses?
Thx
Hi, could you please shed some light on this:
- Why should I use coinbase over bitcoin directly?
- in that relation: Why would I lay the fate of my funds into your hands, where they can be stolen, frozen, lost, delayed... any time?
- What fees apply to use your services?
- Do I need to have a coinbase account to receive/send payments with you? Do you also send to BTC adresses?
Thx
Sure, good questions:
1. I definitely wouldn't ask anyone to trust me with their funds at the moment. Especially if you are tech savvy and confortable with the existing tools out there. As a technical user myself, I find them to be quite good and trustworthy. Coinbase is built more for the mass market (think your mother), and non technical people. 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. But while we're still in beta I wouldn't recommend anyone keep larges balances there. By all means feel free to try it out with a few cents if you want to though, we could use the feedback.
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.
3. No, you can still send to BTC addresses on coinbase (everything is using bitcoin underneath). We just don't default to using addresses in most of the UI since I think non technical users find them confusing/intimidating, so we usually show emails instead as what you're sending to.
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In the end, he paid one Bitcoin for one beer — roughly $6.50 for a beer that normally costs less than five dollars (without a tip).
Brian has his priorities straight. He (and Coinbase) has my vote.
You should get a bitcoin security professional like Vladamir on board.
+100
Why should I use coinbase over bitcoin directly?
I think the question Brian is trying answer is "Why should my Grandma use coinbase over bitcoin directly?"
If he can provide real security and convenience, he'll be able to give Grandma something she'll never get from the bitcoin client installed on a PC. Sometimes we forget what a tiny percentage of the world's population are hackers and security experts.
How many times have you used the "chat" feature on a website and got to chat with the CEO?
That was a first for me. It was very fun, but probably won't ever happen again.
Brian is awesome, and seeing some VCs finally doing something with bitcoin is even more awesome.
Brian: Congratulations! And please let me know what you think of those links I sent
That was a first for me. It was very fun, but probably won't ever happen again.
Brian is awesome, and seeing some VCs finally doing something with bitcoin is even more awesome.
Brian: Congratulations! And please let me know what you think of those links I sent
I couldn't agree more its really, really neat to be able to do that ...thanks Brian for doing that!
How many times have you used the "chat" feature on a website and got to chat with the CEO?
That was a first for me. It was very fun, but probably won't ever happen again.
Brian is awesome, and seeing some VCs finally doing something with bitcoin is even more awesome.
Brian: Congratulations! And please let me know what you think of those links I sent
That was a first for me. It was very fun, but probably won't ever happen again.
Brian is awesome, and seeing some VCs finally doing something with bitcoin is even more awesome.
Brian: Congratulations! And please let me know what you think of those links I sent
@ Brian,
Hi, could you please shed some light on this:
- Why should I use coinbase over bitcoin directly?
- in that relation: Why would I lay the fate of my funds into your hands, where they can be stolen, frozen, lost, delayed... any time?
- What fees apply to use your services?
- Do I need to have a coinbase account to receive/send payments with you? Do you also send to BTC adresses?
Thx
Hi, could you please shed some light on this:
- Why should I use coinbase over bitcoin directly?
- in that relation: Why would I lay the fate of my funds into your hands, where they can be stolen, frozen, lost, delayed... any time?
- What fees apply to use your services?
- Do I need to have a coinbase account to receive/send payments with you? Do you also send to BTC adresses?
Thx
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! 
Hello everyone, I'm working on Coinbase (and created Bitcoin Android last year).
You're right Paul Graham is a good person to have backing Bitcoin, and I'm hoping to bring in some more support from other Silicon Valley VCs. 0.5% isn't too bad (Paypal's fraud rate is less than this) but it's still super early stage so I don't want to make any assumptions too early.
Anyway, there are still lots of unanswered questions on the site about security etc (I am taking lots of notes and have chatted with about 100 users today during the launch). I hope to provide more info soon. If you have any feedback/questions feel free to email me (brian at coinbase) and I'll do my best to answer promptly.
You're right Paul Graham is a good person to have backing Bitcoin, and I'm hoping to bring in some more support from other Silicon Valley VCs. 0.5% isn't too bad (Paypal's fraud rate is less than this) but it's still super early stage so I don't want to make any assumptions too early.
Anyway, there are still lots of unanswered questions on the site about security etc (I am taking lots of notes and have chatted with about 100 users today during the launch). I hope to provide more info soon. If you have any feedback/questions feel free to email me (brian at coinbase) and I'll do my best to answer promptly.
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.
Hello everyone, I'm working on Coinbase (and created Bitcoin Android last year).
You're right Paul Graham is a good person to have backing Bitcoin, and I'm hoping to bring in some more support from other Silicon Valley VCs. 0.5% isn't too bad (Paypal's fraud rate is less than this) but it's still super early stage so I don't want to make any assumptions too early.
Anyway, there are still lots of unanswered questions on the site about security etc (I am taking lots of notes and have chatted with about 100 users today during the launch). I hope to provide more info soon. If you have any feedback/questions feel free to email me (brian at coinbase) and I'll do my best to answer promptly.
You're right Paul Graham is a good person to have backing Bitcoin, and I'm hoping to bring in some more support from other Silicon Valley VCs. 0.5% isn't too bad (Paypal's fraud rate is less than this) but it's still super early stage so I don't want to make any assumptions too early.
Anyway, there are still lots of unanswered questions on the site about security etc (I am taking lots of notes and have chatted with about 100 users today during the launch). I hope to provide more info soon. If you have any feedback/questions feel free to email me (brian at coinbase) and I'll do my best to answer promptly.
Dwolla 2.0 activated.
re buy order, WOW, I wonder if thats not a calculated risk taken by the admin to get users to deposit funds onto exchange and then wipe that order lol
re buy order, WOW, I wonder if thats not a calculated risk taken by the admin to get users to deposit funds onto exchange and then wipe that order lol
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Theres a $100 000 buy order at btc-e.com
Good lord! Lol
$85k at $6.55
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Theres a $100 000 buy order at btc-e.com
Good lord! Lol
Glad to hear this no doubt PG is a good person to have on Bitcoins side.
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Theres a $100 000 buy order at btc-e.com
Good lord! Lol
http://news.ycombinator.com/item?id=4178255
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We're storing wallets in the cloud so this is an important concern.
No, thank you. I'll pass.
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I also wonder about chargebacks if they link to bank accounts..
^^ Was just wondering the same thing - also, I wonder for
So far, he has raised $164,000.
Theres a $100 000 buy order at btc-e.com
http://news.ycombinator.com/item?id=4178255
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We're storing wallets in the cloud so this is an important concern.
No, thank you. I'll pass.
I also wonder about chargebacks if they link to bank accounts..
They'll just conclude sooner or later that they'll need to charge more than 0,5% to cover for fraud
http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.
No, thank you. I'll pass.
Quote
I also wonder about chargebacks if they link to bank accounts..
^^ Was just wondering the same thing - also, I wonder for
So far, he has raised $164,000.
http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.
No, thank you. I'll pass.
I also wonder about chargebacks if they link to bank accounts..
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