Topic: Coinbase sucks (Read 2986 times)

To be very frank, Coinbase has probably fraudulently acquired millions and millions already by now.  Some of you probalby know what I mean... via high risk transaction bs.

Dood, you essentially bounced a check. How can you be mad at COINBASE? That's just retarded.

If you had made a credit card purchase Monday with a maxed out credit card that you KNEW had $0 available credit, would you be mad at the credit card company for charging you an over-the-limit fee? After all, the thing you ordered on Amazon wouldn't arrive until FRIDAY!

Circle and Coinbase are the same goddamn thing...people need to stop acting like one is better than the other. Same policies, same cost. (No, Circle is not "free")

I hate centralized exchanges too...but they are a necessary on-ramp to get regular people into BTC. They have all kinds of dumb regulation to comply with or THEY ALL GO TO JAIL.

So sick of reading angry adolescent, "I know it all", teenage-angst bullshit on this forum. Honestly, just shut the fuck up.

I would LOVE to buy and sell at BitcoinAuctions.net!

so maybe that's really their office.

Instead of using ebay which has brought me thousands of dollars, I listed dozens of items at onewallet.io for Bitcoin; nobody bought any, the site disappeared, and I also haven't had any luck yet at the brand-new bitbay.com

Lol. How has no one figured this out yet? I solved 'the mystery' in about 20 minutes. ( Google Earth <3 ) Here's a major hint:

Just look out the window at the buildings around them


The building with the slanted windows is One Sansome Street, and just from that I able to figure out their actual address.

Ah, ok.  Not from San Francisco.  Never been there.  Didn't know.

Although, I have to say that I have worked for companies that had no office anywhere at all.  Just a mail drop, and all employees work out of their own houses.

I'm not saying that this is what Coinbase does, but it's worth considering that it's a possibility.

I'm ready, but everybody else isn't ready yet.  I live in Georgia, not very far from Atlanta, and I still haven't found a local merchant of any kind that accepts Bitcoin.  There are some within an hour's drive of me, but I haven't had a chance to visit them yet. 

I called the local Reeds Jewelers that was listed on a Bitcoin retailers list, but they had never heard of Bitcoin.  I didn't even want to buy any jewelry, I was just checking because I would like to buy something in person with Bitcoin.

I've offered my customers a discount to pay in Bitcoin, and none were interested.  I would like to accept my weekly wages in Bitcoin, but it's not an option available to me.  Instead of using ebay which has brought me thousands of dollars, I listed dozens of items at onewallet.io for Bitcoin; nobody bought any, the site disappeared, and I also haven't had any luck yet at the brand-new bitbay.com. 

I gave 30 Bitcoin gift certificates to friends and family for Christmas last year;  all they had to do was email me to get their bitcoins.  Only 2 people emailed me, and some of them just handed the paper back to me and said they weren't interested.

So it's not really an issue of which Bitcoin businesses I want to support, it's about supporting the few that even exist.

Hopefully after I've saved, traded, and invested enough, and after people start paying me with BTC instead of just taking my BTC, then I'll never need to buy BTC for fiat again.  But it's not there yet.

Those are good reasons. I want you to use Bitcoin just like I do. I just want you to support businesses that support anonymity. I know it's more difficult and time consuming but if we reward those businesses that support anynomity and punish the ones that don't we can help to change the landscape of Bitcoin trading permanently. I don't believe Bitcoin exchanges belong in the United States of Americunt. I won't use any exchange located there.

I've seen houses and cars burn with cash inside.  I've seen boats sink with cash inside.  I've seen the effects of tornadoes that have taken away cash.  Apparently you are just more fortunate that some people, but that doesn't mean that it isn't a good idea to be prepared.


Only if you stand guard and alert over your cash 24 hours a day.  I've got better and more productive things to do with my time.


No, are not electronic cash.  You are mistaken.


It can, but I see more long term potential for it than in cash.  You don't?


See my answer above.


And when possible, don't touch cash.


Nah.  I'm happy enough with my reasons, and I don't need your approval.

I can't create a backup of my cash.
I've never lost cash in my life. I guess my money means too much to me to be careless with it.

I can't protect my cash with a password.
I have a CCW. I protect mine with Smith & Wesson.

I can't transfer my cash to merchants that I want to do business with over the internet.
Debit Cards are electronic cash and come with fraud protection.

My cash will suffer the effects of supply inflation from the Fed overprinting it.
Bitcoins exchange rate can crash through the floor at any moment and you'll never know when.

Carrying or storing large quantities of cash take up more space.
See Debit Cards above.

Cash is generally dirty and has an increased potential for carrying bacteria or a virus.
Just like I tell my kids, don't touch your face when you touch a door handle at the mall and wash your hands before you eat.

Do I need more reasons?
I guess you do. LOL

Coinbase is convenient. But they are centralized. They monitor transactions and are known to freeze accounts on the slightest suspicions.

They banned me from using their service because I also have a localbitcoins account.

If you want to stay anonymous, use localbitcoins and buy from a cash deposit seller. You might have to pay 3-5% to buy in instead of 1% but that is just the price of staying anonymous and getting your coins instantly.

Here's a link where people talk about why they use Bitcoin:  bitcointalk.org



I can't spend cash for Reddit Gold.  I can't spend cash at Fiverr.  I can spend Bitcoin at lots of places online without having to sign up, register, make an account, give them a credit card number, etc., but I can't send cash instantly to people online.

Bitcoin gives me an extra 1% rebate for all gift cards at Gyft, whereas they don't accept cash at all.

I can't spend cash at Cryptsy, Bittrex, C-Cex, Poloniex, Miningrigrentals, Alcurex, Allcoin, Cryptopia, Bter, or Btc-e.  But I spend Bitcoin at all those places.

I started participating in Folding@Home in 2007, and last year I started earning Curecoins for what I was already doing.  Curecoins led me to altcoin exchanges, and I wanted some bitcoins to use for buying altcoins, so I could trade them for more bitcoins, and then hold my increased amount of bitcoins as a long-term investment.

So I looked around online to find out how to get some bitcoins, and getting some bitcoins seemed almost impossible.  Most people would not have bothered doing what I did in order to buy bitcoins.  They would just say "Never mind, I can't figure out how to get anyone to take my money and give me bitcoins."

But I signed up with Coinbase and it's about as good as you could ask.  I buy bitcoins instantly, the money comes out of my bank account, and that's it.  It's actually faster than buying locally, since I don't have to wait for confirmations to receive the coins.  I can send them as soon as I buy them.  And of course I don't have to go meet someone locally, so that cuts another hour off the time it takes to buy.