Topic: Rick Rolled by Coinbase, so I went to look at their local beautiful SF office... - page 4. (Read 10085 times)

The US is one of the most litigious places on Earth. This kind of thing was bound to happen, once corporations started trying to 'mainstream' Bitcoin

If they have at least one license, and they (like all businesses) are regulated. Then they are a Regulated and Licensed exchange.

Did someone at Coinbase claim anything more than that?

Lucrative

Or the $100,000+ a year mystery office rent where they brain storm ways to create buzz and rick roll users with huge news/PR pushes that aren't true.

I pray they don't get accepted in more states and states start revoking their shit   This company is poison and hides their office for a reason... It isn't for people not to show up at their office because I imagine you have to be let up like every other nice office.

If someone can sue Red Bull and win for not giving them wings... I'm sure I'll be fine suing a company that said they where a Regulated and Licensed exchange and wasn't that resulted in a substantial loss aka "Rick Rolling their customers" and flaunting it in their source code ...

http://www.businessinsider.com/red-bull-settles-false-advertising-lawsuit-for-13-million-2014-10

Probably for the millions of dollars worth of licensing and regulation requirements for each of the 50 states in the US, which is the reason why there has not yet been a major Bitcoin exchange set up in the US.

http://www.sfgate.com/business/article/Bitcoin-exchange-claims-it-is-regulated-but-6043584.php


“The exchange is regulated because of its ability to obtain money transmitter licenses in 24 of the 50 states. So it’s regulated at the state level,” Coinbase said Monday.


Seems pretty misleading to say the least.


"On Tuesday, Coinbase backtracked, saying it had licenses in 14 states, didn’t need licenses in eight states, and that two — California and New York — are in a “grey zone” while they hammer out bitcoin regulations." -SFgate

A: Coinbase never claimed they weren't either to be either prior to launch.  You caught everyone in San Fran with a lie that caused at least me to feel caught with my dick in my hand in a "Buy or Die" mindset.  Enough so that the State Government issued a warning today.  Maybe WSJ got the story from some bum on market street pretending to be a executive to pump his .1btc stash...  

B:  Just like it is funny to tease the Youtube staff into wasting 10 hours of man time that they could be making the world a better and more productive place.  There was plenty of buzz based on the pressure to buy and the lies spread.  Thanks for contributing to Humanity from your hidden bat cave.

C:  I could have had USD in my wallet if I had 5 business days, but this shit was shoved down our throats Sunday evening with 10 hours to go...

D: What the fuck is your VC money for?  Is it meant to bring a little transparency to the "magical" markets by paying for the Ninja Guards at the secret location?  Maybe a fraction of that can get chipped back at the California Customers that were just Rick Rolled.

E:  Good to know... I'm sure y'all will be receiving several letters from all types of folks.

If you want to Rick Roll folks and get away with it maybe you guys should have got a office in Japan...

At this point we can either settle it outside of court or we can take this as far as it needs to go.  I'm not going to be hiding behind a computer screen at an unknown office.

http://www.sfgate.com/business/article/Bitcoin-exchange-claims-it-is-regulated-but-6043584.php

This is Charlie Lee at Coinbase. I can confirm that we are indeed in the SF financial district. The HQ pictures are not staged. lol

The reason why we don't publicize our actual address is for the exact reason mentioned in this thread. Like someone said, banks and jewelry shops have been robbed for a lot less money. We have implemented security measures (cold storage, key splitting, ninja guards, etc.) to prevent rogue employees and armed gunmen from stealing the bitcoin we have stored for our users, but people don't know that. After hearing stories of how BitStamp lost 19,000 BTC, a crazy guy might just think it's worth the risk to come rob our office. And if they manage to get through our security to get to our office and find out that we aren't able to access the bitcoin, they are not going to be very happy. You can all imagine that this is NOT a situation we want to ever see ourselves in.

We'd rather be safe than sorry!

And to answer some of your questions.
A) We never claimed to be licensed in CA. The press did. I guess they just assumed we were. They also incorrectly claimed that we supported 25 states, when in fact we only supported 23 states + Puerto Rico at launch. We just started supporting Nebraska today.
B) The coinbase.com/lunar site was just a fun way to tease people on the internet and to create some buzz.
C) We've had USD wallets on Coinbase for 1.5 months now. You could have easily gotten money on our system and bought coins before we released the exchange. And if you had money in your USD wallet at launch, you would have been able to use our exchange immediately.
D) Our VC money is not meant to be used to speculate on Bitcoin price nor is it sane for us to support the Bitcoin price. We do not control the price. The market does.
E) It's not a fake address. We receive mail at that address.

if i lost money yesterday  i would call their number to see if its fake too .........
i am not defending their shady practices at all

if they are doing something wrong then it should be brought to peoples  attention
but are you saying all the pictures are fake ?

this is big news if its true

Thanks for your posts and I appropriate you and everyone else know that I'm not butthurt at Bitcoin.

I'm butthurt by a company in my own backyard who is supposedly leading the way in BTC and turning the Golden Gate City into the Gold Gate for bitcoin... who using lying and pressuring tactics to con me into putting a HUGE sum of money into Bitcoin futures.

https://www.youtube.com/watch?v=BROWqjuTM0g

 

Edit:

Also great image with the arrows n such <3

I hope you do find out,  that is some pretty shitty stuff to be pulling !!
We don't need crap like that going on anymore!

What am I going to do call them up and asked them:

A:  Why they lied about being regulated and licensed exchange by California?
B:  Why they hid a 10 hour troll video on a 10 hour count down source code?
C:  Why I didn't have any time to get cash on my account before opening up the exchange to at least TRY to support my investment?
D:  Why they didn't use some of that 112 Million dollars to cushion the bid price AT ALL?  We free fell $50+ dollars at opening blast off with 0 resistance... Cryptsy has more attractive bids! (No offense horus <3)
E:  Why they use a fake mail address company?
And any other question you care to ask.

I'm not InvestigatorAreaCoins that's why!

banks and jewellery stores have been robbed for a lot less in the past ...........
have you tried their email or telephone to see if anyone can answer whats up ?

Someone takes their troops up a huge high rise in the heart of San Fran in the heart of the Financial District and expect to get out without a small medium war going off?

That's why you get the office in the Financial District and not Oakland...

SF Financial District doesn't have half hour police response time and most buildings have a security guard or concierge.

if theyre not there because of security issues i might understand it since they hold  180,000 btc which is well worth stealing  ?

if they are lying and have never been there or pulling some scam people have a right to ask

i am not one of their customers but it does seem unprofessional if they are running this from someones bedroom  and everything else was lies

No one is storming anything with anything first off.

This is America and everyone should be or at least act like a business man.

Give me a fucking break... coinbase is like a big faceless bank that is located SOMEWHERE unknown to me in my back yard that just fucked me with a 10 hour timer and a source code that went to a 10 hour troll video that was supposed to be reported for porn.  

I <3 Bitcoin and I'm not here to troll bitcoin or anything, but something isn't right.  Remember the Ocupy Wall Street thing?  Ya that was right across where  they print a large some of the counties money... GL storming a high rise and getting out too.  

I'm not alone... the State of California issued their warning and I missed a call from Tom Dresslar just to confirm it.

I yoloed in BTC thinking that SF would become the Golden Gate City again, but for the Digital Currency age lead by Coinbase.  How wrong was I... (for today)   I didn't even have a opportunity to get more money in to support Coinbase bid... all this shit was just flug at me on a Sunday night on top of other REAL global news and San Fran billboards.

facebook isnt effectively a bank ........you could storm their office with an ak-47 and leave with nothing

coinbase has that problem ,facebook doesnt

Considering the width of the window frames in the office photos, it should be the steel-gray building with the wavy wall, right?

Question is now,  how long are they going to stay there??   
If they were even there, I guess.   It does suck if it is all just smoke and mirrors.

Sure.

I've got the big pointy building in my back yard as well, but that for sure isn't the anything listed anywhere (that I've seen.)

Please note this is a open topic of discussion that I'm interested in... if I'm fucking wrong I'm fucking wrong.