Topic: COINBASE to DAA MOOON! (Read 5994 times)
Why is the moon in the gutter?
Well it looks as tho it did not go to the moon and to start trading and depositing coins you need to upload legal documents. I doubt I will be using their services until I see real licences actually been confirmed and am not uploading for IRS to spy on me. Id prefer a exchange just like bittrex cryptsy and others where can trade along with btc-e and not nee dto submit my legal documents. ONly time I will do this is if coinbase become bigger than MTGOX did and dont do a gox.
it seems they are not licensed in California....
As I've read, they are close (or at least working) to achieving licensing everywhere... So it's probably a matter of time 
It's not "a matter of time", either. Because California has a lot of people sending money home to Mexico, and there have been troubles with money transmitter companies "losing" payments, California has very consumer-friendly money transmitter laws. For example, if a money transmitter doesn't deliver the money to the payee or return it to the sender within 10 days, they owe the sender $1000 plus the amount sent plus legal fees. The sender can sue in small claims court.
A money transmitter in California has to post bonds against loss, maintain 100% reserves (they're really strict about that), be audited by the state, and have criminal background checks on the people involved. People who have entrusted money to a money transmitter in California have first claim on any assets of the company if it goes bust, ahead of any other creditors.
All the other online payment services in California, PayPal, Square, Venmo, Amazon, Google, etc. are registered. Not Coinbase.
Where is all this information about Coinbase? How are they opreating illegal?
it seems they are not licensed in California....
As I've read, they are close (or at least working) to achieving licensing everywhere... So it's probably a matter of time
a matter of time is not NOW. Coinbase is operating illegally NOW
Mission Accomplished! We are on the moon now! Let's do some exchange with fellow travelers..
i thought bitcoin in california in general is not accepted lol.
it seems they are not licensed in California....
As I've read, they are close (or at least working) to achieving licensing everywhere... So it's probably a matter of time
it seems they are not licensed in California....
be prepared to be reported to IRS. Everybody who is using Coinbase will be...
If u are in US
be prepared to be reported to IRS. Everybody who is using Coinbase will be...
Another catch I didn't think of. This one is really bad, haha
be prepared to be reported to IRS. Everybody who is using Coinbase will be...
Overall I think this is great news but I wonder if they will be less likely now to cancel orders from users. Actually, since it's an exchange I guess that wont be an issue.
Here's a news story on the launch: http://www.coindesk.com/coinbases-us-bitcoin-exchange-opens-doors-traders/
They will probably be just as likely to cancel deposits to their site however since people have the option to deposit US dollars there will likely not be the same claims of them canceling orders because the price moved out of their favor Actually, since it's an exchange I guess that wont be an issue.Here's a news story on the launch: http://www.coindesk.com/coinbases-us-bitcoin-exchange-opens-doors-traders/
Overall I think this is great news but I wonder if they will be less likely now to cancel orders from users. Actually, since it's an exchange I guess that wont be an issue.
Here's a news story on the launch: http://www.coindesk.com/coinbases-us-bitcoin-exchange-opens-doors-traders/
Actually, since it's an exchange I guess that wont be an issue.Here's a news story on the launch: http://www.coindesk.com/coinbases-us-bitcoin-exchange-opens-doors-traders/
So much hype, for this... I thought it would be something big.
This is huge ... over ~1 million users now can buy BTC for free , instead of 1 % and store their USD in an FDIC insured BTC exchange
They are making even deeper ties with Bitcoin and fiat... They want to regulate something unregulated. It's good to have your fiat insured, but do we want such a connection between BTC and USD? And the folks on Wall Street? I'm not sure if that's a good thing overall.
Good thing is, they will never be able to control or regulate the Bitcoin network in any way.
And more manipulation. But anyways, I'm being a little skeptic maybe
Let's see what this will bring.So much hype, for this... I thought it would be something big.
This is huge ... over ~1 million users now can buy BTC for free , instead of 1 % and store their USD in an FDIC insured BTC exchange
They are making even deeper ties with Bitcoin and fiat... They want to regulate something unregulated. It's good to have your fiat insured, but do we want such a connection between BTC and USD? And the folks on Wall Street? I'm not sure if that's a good thing overall.
Good thing is, they will never be able to control or regulate the Bitcoin network in any way.
And more manipulation. But anyways, I'm being a little skeptic maybe
Let's see what this will bring. So much hype, for this... I thought it would be something big.
This is huge ... over ~1 million users now can buy BTC for free , instead of 1 % and store their USD in an FDIC insured BTC exchange
They are making even deeper ties with Bitcoin and fiat... They want to regulate something unregulated. It's good to have your fiat insured, but do we want such a connection between BTC and USD? And the folks on Wall Street? I'm not sure if that's a good thing overall.
Good thing is, they will never be able to control or regulate the Bitcoin network in any way.
So much hype, for this... I thought it would be something big.
This is huge ... over ~1 million users now can buy BTC for free , instead of 1 % and store their USD in an FDIC insured BTC exchange
They are making even deeper ties with Bitcoin and fiat... They want to regulate something unregulated. It's good to have your fiat insured, but do we want such a connection between BTC and USD? And the folks on Wall Street? I'm not sure if that's a good thing overall.
Good thing is, they will never be able to control or regulate the Bitcoin network in any way.
So much hype, for this... I thought it would be something big.
This is huge ... over ~1 million users now can buy BTC for free , instead of 1 % and store their USD in an FDIC insured BTC exchange
So much hype, for this... I thought it would be something big.
Jump to: