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

My losses now exceed $3,300,000 from this "Rick Rolling".  (Coinbase hid the rick roll video in their launch page as a haha for their fake news)  


I'm still exploring options.

Not forgotten, but WAY harder than I would have expected.

lol, is it the truth? coinbase's bragging

Burn them...hehe...burn them all

She made it through the "Rick Rolling" and got that Toyota she always had her eye on!

http://usatoday30.usatoday.com/news/nation/2002/05/09/toy-yoda.htm

Edit:

PLUS I think she got to keep the Yoda doll!

BayAreaCoins in happier times...

It depends on who leaked the  fake news imo

If it was misinterpreted by the media then I guess he doesn't have a case.... A " to the moon" meme is not going to stand up in court

If coinbase said themselves they ARE licenced in nyc or cali then I could see some grounds for responsibility on their part

But it gets even more cloudy because he didn't buy the coins from coinbase anyway if I understand it correctly so how can they be liable for price manipulation of coins on another exchange ?

On a serious note,  he does have a case if it can be proven they fabricated some of news. 
(I don't know if the meme type of crap on their site counts for anything though)

I'm guessing some type of settlement will come out of it,  unless coinbase wants to fight it hard.

Will be interesting to see...

So what..  coinbase may settle something out of sympathy and having had a good laugh.  

In that case op still will have at least got something,  fulfilling his need for righteousness.

(That's how you fuckin troll.. bitches  )

Owsley is that you?!

Hell post it again!

Really punish me for not having self-mod threads mmmmmmmmm!!

Hell.... make it a double!

Keep trying to convince yourself LOL

Weak, so weak

Here's one for this page:


Is that you getting btch slapped by others around this forum again and again and again?  

Another for triple reminder



This is what happened when OP was questioned about whether he had a legitimate case, and if he can put money where his mouth is for all the sht talking he does


A little context: That photo was posted after a longer silence when the posters were riding his ass and telling him how pathetic it all sounds and basically he was full of sht


I hope charlie lee is reading this thread and the other one and sharing with his co workers BWAHAHAHAHAHAHA

Single reminder!

Since you just triple remindered my thread...

As long as you are having fun that is all that matters <3 Troll your heart out fuck face!

Is that you getting btch slapped by others around this forum again and again and again? 

Another for triple reminder

Stop spamming up the thread with the same shit over and over you fuck face troll.

BWAHAHAHAHAHA

Fool and their money are easily parted. Top grade A evidence right here LOL

Troll gets troll answer.  

You obviously don't get the troll poke at your retarded thought process.

Sticks and stones may break my bones, but shill internet trolls can never hurt me

May I present the OP's response to some basic needling for all his hysterical (and hillarious) btching about this whole issue:


Can this get any better? 

I can't make this up LOL

yea jp morgan boa and goldman sachs should all go into hiding too. Wall st business have more of a reason to hide than some rinky dink exchange trying to enter the big boy pool.

As with all legal situations,  if there is enough money to keep paying lawyers, keep appealing etc.. usually the side with more money wins - regardless of what everyone thinks is right or wrong.  I should add, that is if both parties want to keep fighting.. some may not and choose to settle.

Unfortunately justice is mainly based on money,  or if you're female and get a "pussy pass"  but that's supposed to be different.

Even if Coinbase lied and claimed that they were licensed and were not, there's absolutely no way they can be responsible for anyone's speculation loss. 1) He didn't lose that money on Coinbase exchange. 2) He speculated on BTC and not Coinbase stock. And that's even if they lied, which from what I can tell they didn't. It was just the media blowing it out of proportion. Their only fault may be that they should have corrected the media right away but didn't until a day or two later.

It's this actual lost earnings or potential/unrealised  lost earnings?  I think that will be deciding factor in  whether a court would find coinbase even partly response

If they lied then yes they're Rick rolling, if they  issued a vague statement that was misinterpreted by a third party news site then they're probably not rick rolling and the news would be responsible for printing untrue info

Get in with that NYC law firm. Let the suits burn for their insolence

Ya your not getting the full picture and has very little to do with their gay meme 

Thanks though b!z

This. You lost money on Bitcoin and you want to blame an Internet meme out all things for it? Sorry if I'm not getting the full picture, but good luck OP.

whether is coinbase a great scam??

+1 sorry for your loss BayAreaCoins, but Coinbase didn't convince you to do shit.. best of luck though

http://www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.html

You can count on it + I will release their office information when I can.

I will for sure keep the community posted as much as my legal team allows me to.

<3  

You know me too well.

HUGE thank you to the Bitcoin community btw for understanding this is NOTHING against Bitcoin and 100% against being Rick Rolled by 100% bullshit news.  This doesn't just effect me... this effects everyone of us.  I was very happy to see silver and other orders continue to flow in today.

I'm honestly heart broken that Coinbase didn't actually secure the shit for Bitcoin.  It would have been a huge victory for all of us.

Sorry you lost coins on such a high risk leveraged trade.  While I am sympathetic, I think it is going to be hard to find a grounds to sue on. 

I do like the idea of trying to find their office.

Knowing you, I can't REALLY believe this will be your last post.    I hope you'll update us if your attorney finds a good angle, good luck to you!

Hilarious.  I guess all the banks and jewelry stores in the world should go into hiding.  We better throw in the liquor stores and even 7-11s too, I heard they get robbed as well.

We can be sure, of course, that no one on their staff bought bitcoins on Friday and sold them on Sunday evening.

Good luck to you as well.

This is my last post for now on this thread, but I will keep it unlocked for people to talk or for trolls to call me retarded or what ever .

Would you still be complaining if Bitcoin went to the moon anyway and you were up $220k? 
Didn't think so.....
Volatility based on a inaccurate news report counts as speculation I would imagine

You will have to prove  they intentionally deceived the news because the news I saw said regulated in 24/50 States and I believe that was on Sunday  and even then it's semantics  when they say we are regulated they didn't say "in every state"  AFAIK

Wow, OP, you are such a moron. Good luck with your lawsuit!


A silly teaser page pressured the market to buy? What?

You made a stupid investment decision based on market hype, and it backfired. Now you are just looking for an excuse to sue someone to try to get your money back. If I were to bet, you did not buy btc because Coinbase had the CA license. You just found out that they didn't after you lost your money.

Here are the facts:
1. Coinbase never claimed that they were licensed in CA. They claimed to be licensed and regulated and that they have 15 state licenses (https://www.coinbase.com/legal/licenses)
2. The press jumped to the conclusion that because they supported 24 states, they must have licenses in all states. They didn't bother to even fact check. See link above.
3. Coinbase put up a teaser website to their launch and in the source code they linked the "features" page to a rickroll video to screw around with people who are trying to be clever.
4. Price shot up to $300 after the WSJ saying that Coinbase will launch an exchange.
5. On Monday at 9am EST, they launched the exchange, and the price tumbled to $260. This is a classic buy the rumor and sell the news pattern.
6. On Tuesday, CA released a statement that Coinbase didn't actually have a license. They were correcting the media misinformation. They did not shut Coinbase exchange down as BTC exchange currently does not need a CA license.
7. The price tumbled before the CA news was released. So price had nothing to do with that piece of news.
8. You didn't even trade on the Coinbase exchange. This is based on your claim that Coinbase did not give you enough time to deposit money and your screen shot of losing money in a margin trade, which Coinbase does not have.

So you lost BTC speculating on a news wrongly reported by WSJ and others. And now you want to sue Coinbase, even though you didn't even trade on that exchange. Really? You will have more luck suing WSJ. And it's not like you lost money trading Coinbase stock. You lost money speculating on BTC, which Coinbase has no control over the price.

Here's an analogy:
1) A company announcing that they are opening a license and regulated gold/USD exchange
2) WSJ reported incorrectly that they have a license to do that in CA
3) You bought a ton of gold futures after hearing this rumor
4) You lost a lot of money after gold price crashed for reason unrelated to CA license
5) You now want to sue that company

Good luck!

The lie was the news that the State of California had to come out and correct.  

Dude no one took the video as investing advice (would have been better off!) nor did they did take their silly page, but Rick Rolling us on a regulated and licensed exchange in California & NY ect.... (their page did put pressure on the markets to buy and I'm sure their earnings for that night show it.)

I just got the balls to stand up about this shit. Not many other Bitcoiners want to touch this publicly because they feel like it will hurt their stash or even one dude took down a post he made here because he didn't want security threats for himself speculating where the Coinbase office actually was and I even got a nosey email from Coinbase that I posted above...  

A: Not going to get bullied
B: Not going to get "rick rolled"

The proper Coinbase sentence would be:

"We Rick Rolled the Bitcoin investors out of Millions of dollars + all the fees we earned that night by getting them to thinking we had actually gotten approved and regulated in California and New York."

I think it was meant as joke to anyone that was going looking into the sourcecode.  
(they would find nothing but be "rickrolled" with the rickroll video link)

It wasn't really meant as investing advice or anything to do with investing, nor was it made obvious to general public. (- Except for the guy who posted about it.)

http://www.urbandictionary.com/define.php?term=rick+rolled&defid=2733819

Originally, to trick someone into watching the extremely catchy "Never Gonna Give You Up" music video by the genius Rick Astley with a fake link (usually with the promise of an exclusive video).

Now used in a more general sense, for any sort of deception or trick.
"I asked for the newest Halo trailer and all I got was the Rickroll video."

"I really hope that J.K. Rowling hasn't rick rolled us with all this Dumbledore business. I would be so disappointed."

"I just rick rolled that guy into singing Evanescence at the top of his lungs in the middle of a Walmart by promising him a reward of $20,000."

I believe the lunar count down was 10 hours too, but not for sure. :-|

Can you elaborate on the 10 hour Rick Roll video hidden in the source code? 

This is really bizarre...

Well hopefully they will end up giving you something. However the cause of the price increase really was speculation on the reporters side.

"The debut of the Coinbase exchange caused a spike in Bitcoin’s value, from around $250 apiece to more than $300."

Just pointing out that someone else besides me thinks that Coinbase cause some spike in the magical markets based on news that was a lie.

I don't intend on answering any Coinbase emails and I'll pass them all along to the proper legal people.

My income is fine, so don't y'all worry your pants off...

The time article did not mention regulations nor the state of CA. The CNBC article mentioned that the WSJ was reporting that the exchange would be averrable to customers in states they have regulatory approval. The WSJ article (warning: paywall) currently says:(bold by me) I really don't see where CNBC got their above assumption (unless it was from another article).

The WSJ article does have a correction/amplifications note at the bottom that says:(bold by me)

Best of luck with it BAC
This will be interesting to observe one way or the other

This isn't mom and pop media dude...

http://time.com/money/3682947/coinbase-launches-first-us-bitcoin-exchange/

http://www.cnbc.com/id/102367943

http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641

http://nypost.com/2015/01/26/coinbase-first-regulated-us-bitcoin-exchange-opens/

Checking facts on a Sunday night at 12am with some Rocket racing toward the moon... Pretty hard to pick up the phone and call that state of California then.

6am was the "launch" time here.


FUCK a stupid meme. Jesus christ! Has nothing to do with it really besides being gay and retarded. Not the reason I bought at all.  It was because California had approved and lic these folks.  Turning the Golden Gate City into the Golden Gate of BTC too.

I don't think you blame them for trading on a meme about going to the moon.... Hence you lost money because the meme was wrong?  That's not enough for a case imo

Not sure about the other stuff though.... The advertising sounds a bit misleading

According to Howstuffworks(which lists paypal as their source)So in other words pass through FDIC insurance will only protect you against bank failure, not the failure of the company you have your funds on deposit at (which in this case would be coinbase).

You are correct about their hot wallet insurance, which again is really protecting coinbase, not their customers (coinbase likely has sufficient capital to absorb a theft of their hot wallet).

I would say that the assumption that coinbase was in fact licensed in CA and NY has to do with the fact that much/most of the bitcoin related media is really not qualified to be reporting the news (to put it nicely) and the MSM probably picked up on a story by a site like CCN and did not properly check their facts

If customer deposits were insured by FDIC against Coinbase mishaps and misdeed, they would say so on their site.  What they say instead is that their bank account is insured against failure of the bank.  

Moreover I have been told that, in order to get "passthrough" insurance by the FDIC, the company must inform the bank about the balances of each client.  (Can anyone confirm this?) This reporting seems quite impractical for an exchange that will make thousands of trades per hour, 24/7.

As for BTC balances, the site says tha only their "hot wallet" is insured against theft, embezzlement, and other losses.  The site also says that they will keep less than 10% of the clients' BTC funds in the hot wallet.

Add to that the claims of "first in the US", and "licensed in NY and CA".  Coinbase seems to think that marketing is more important than trust, and that misunderstandings like the above are good for business.  To me, they spell immaturity non-trustworthiness.

In the process of doing so.

Got this e-mail from Coinbase today.

BayAreaCoins
Subject: An Important Message from Coinbase
JAN 28, 2015  |  04:03PM PST
Darren replied:
Hi,

We noticed your account has conducted a high volume of transactions with Coinbase. We appreciate you being an active customer!

Please know that we are required to periodically review high volume accounts as part of being a Money Service Business. To assist in this process, please provide us with the following information within 7 days to avoid disruption of service to your account:

- Please briefly describe the primary use case for your Coinbase account
- Please describe the source of the bitcoin being deposited into your account that was not purchased through Coinbase
- Please indicate the source of income for your purchases of bitcoin
- Please elaborate on the nature of your outgoing transfers and what services they are related to

Thank you for your understanding on this sensitive matter. If you have any trouble fulfilling this request you can reply directly to this email and we would be happy to assist you.

Respectfully,

Coinbase
Compliance Team




Please tell me where your office is.

Thank you for your understanding on this sensitive matter.

They obviously don't know who the largest pet snail wranger/seller is on this side of side of the world!

www.SnailsInTheMail.com

If you think Bitcoin regulation is tough... you should try flipping a snail or two!

My understanding is that your fiat balance is not FDIC insured (someone can correct me on this if I am wrong). What I have read is that 'Coinbase's fiat funds will be held at an FDIC insured bank' which means that Coinbase is protected (up to deposit limits) in the event the bank they hold they fiat balance at fails. My understanding is that this is different then FDIC pass though insurance where if the bank fails your portion of Coinbase's deposits are insured up to FDIC limits (assuming you do not have a bank account at the bank in question) plus segregation of customer funds (customer money is kept in separate accounts as company money).

My understanding is that if Coinbase were to fail/file bankruptcy and you had money in your USD balance then the FDIC would not step into protect you

Have you consulted with an attorney?

Not sure since when the Wall Street Journal and every other major news outlet was considered a silly meme / graphics.


I do not believe it will hurt Bitcoin.


Will be seeking at least $220,000 + anything else the lawyers think (obviously court costs, lawyer fees and that stuff as well.)  I hope to see the States start taking some addition action against Coinbase as well.

Hopefully the State of California isn't cool with "Rick Rolling" folks either.

Based on your post that you will be suing them, I will be sure to short Bitcoin because I believe in my heart that you will do so and this will bring the price down some.

Buying on some silly meme announcement and graphic?

You gambled and you lost

If there is any positive effect from this, it will be over a period of many months. Nothing is going to halt the downtrend overnight. Everyone around here should have learned that by now.

have you  worked out any estimation of how much you lost ?

IIRC the news was already out on sunday that they were opening the first regulated exchange in 24 states (but it didnt say which ones )

i dont think you can blame them because the price didnt go to  the moon ,it takes people time to trust a new service

IF its good ,it will gather momentum as more people use it and then comes the snowball effect in time

it could be $500 in a month or two

Just stop thinking... you are going to hurt yourself. <3  

You're outta your element Donny!



I'm off to bed. Gnight fellas and thanks for understanding my frustration is NOT with Bitcoin at all or even losing $... It is the fact I feel cheated and I'm not alone.  That fake news shit is horse shit. I was so excited for Bitcoin, it was truly a heart breaker 

I didn't mean use VC funds to "pump" Bitcoin... Maybe buy 10 coins that day or something, but don't manipulate us!  Get in line to buy some Bitcoins like everyone else...  The books where near nil and Coinbase knew it would be like that.  Cryptsy had thicker books than they do.  Maybe Coinbase doesn't buy any bitcoin.  Frankly it isn't any of my fucking business and I have no interest in making it my business... that part just annoys me.  So you maybe right to disagree with that.

This doesn't effect the fact that I bought my shit personally because I was lead to believe that Coinbase had the proper shit from the State of California... Charlie has already made this clear too.


They did however post it to their page @ https://www.coinbase.com/press ... if they wanted to correct a press fuck up then it would have been just as easy for Charlie to log in and make a quick post or any other number of actions that could have been done... rather than waiting for the State of California to say "Hold the fuck on..."

If it truly was a fuck up the Charlie should be here up in arms for the California and New York customers who just got fucked by the press major MAJOR fuck up, but he's not... hasn't made a post since OCT 2014 and he pops back over here to inform us of a secret Coinbase lair with ninjas guarding it and complain at someone for not supporting the "silver of Crypto" any more.  

I generally do agree with you, but these points I don't. They can't just use VC funds to pump BTC price. It might temporarily work, but eventually market will just correct itself. Instead, those VC funds are better spent for expansion and building up the company. Long term effects wins over superficial price rise any day.

And there's very little reason to visit the physical location where the employees do work. What would that accomplish that communications online or phone can't do? As mentioned, they would open themselves up for safety concerns. I'm sure there are plenty of angry people (some of which are willing to express their anger in person) from canceled transactions or being completely denied of using Coinbase's services.


Personally, I could care less if their work space was known or not, as long as they don't pull a mtgox. I only need to know that my funds are safe. Speaking of which, where can I verify that my fiat on there is indeed FDIC insured? And wouldn't that be great if insurance was also extended to BTC... yeah right  

So Coinbase launched and the price dropped, then you bought on the news you read on WSJ?

What I saw was that there was rumor of Coinbase becoming an exchange, then the price went up over $300, then when they launched the price came back down to sane levels. Are you saying the news came out before the launch?

Do you have an article where Coinbase stated that they were licensed in California?

Technically they are a licensed and regulated exchange in California.

Did you even read the thread?

Anyways..

Price dumped the minute of Coinbases "launch" and Coinbase lead the way on the dump (their price dropped first and then everyone elses)

It wasn't news that dropped the price, but it was false news that raised it.

My suit won't be based on theories, it will be facts.  It is a 100% fact that I bought those contracts that night believing in my heart of hearts the news I read on the WSJ, CNBC and a number of other people that came from Coinbase.  California regulated and licences, On top of the huge news of securing $112 million, plus the NYSE helping with transparency and then they go for the Big Dirty via Rick Rolling folks.

Coinbase fucked up majorly. 

I checked, they are licensed in 14 states.

That would make them a Licensed and Regulated exchange.

Where are they located?  (hint: California)

I would not get your hopes up on suing on the theory that it was that news that made the price go down from $300. People bought on rumor and sold on news. A 20+% rise in one day was bound to have a lot of sell off. I would have done the same had I not been traveling. No matter what the news was.

You could just as well blame the trolls in the Speculation forum for losing you money with their FUD. It is just as viable.

I'm not here getting my troll on... I wish I was as cool that cool though.



Plenty of other ones, but that makes me sick enough for now.

Accounts equity was above 420 BTC the minute before Coinbase's exchange launched to save BTC via "Licensed and Regulated in the state of California".

I bought that evening because Coinbase released news that was a lie.  I would still be thinking they where regulated had I not read saw the State of California's consumer warning.... (and I guess Charlies post 8 hours later)


Flat out fucking lying and spreading news that damages fellow country people is probably not a good way to go 'mainstream' and not a bad thing to stay on top of.

Thank god the State of California even go around to using a alert.  

Glad to see my tax dollars work.

You can prove you lost $200,000 here?

They obviously got the news from somewhere.

http://www.cnbc.com/id/102367943

http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641

http://huntnewsnu.com/2015/01/first-regulated-bitcoin-exchange-opens-in-the-u-s/

And then ...

California State government people released a statement:

https://i.imgur.com/lSanSFb.jpg

http://www.zdnet.com/article/regulator-refutes-coinbase-exchange-regulation-claims/

Edit:

Glanced over Coinbases news section and it appears a WSJ post is there too, but I can't read to see if it says California.

https://www.coinbase.com/press which links to http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641  which of course you have to pay for to read or have a account or some shit... *shakes head*

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.

You could do window washing at that adjacent building and see if you can see the floor with that table and same setup / environment.
Then you can identify the exact office!!

Or.. better yet - you could find the same building due to the proximity of the other buildings and do window washing on the building with the office...  when you get to the office window... bust through and START BUSTING SOME HEADS !!!

YEAHHHHH!

PS.  My posts are meant to be comedic in nature, and not to be taken seriously.   Just sayin' in case any of you are crazy. lol

That would be NYPISNF.. 

It stands for "No Your Post Is Not Funny".

Is it too early to wonder whether NYSE stands for "New York Sausage Emporium"?

That is retarded. (no offense)

FB has a headquarters and they make it known same most other people who aren't doing sketchy shit.

You think FB has a corner office stacked with their billions?  

Let that sink in.

I would be very leary of leaking actual headquarters locations. If there was a planned attack to gain control of wallets under their control, thieves could make off with millions in under an hour. Let that sink in.

Well, they claim to have a real office in SF:
blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office

It has been conjectured that they keep that EarthMail address for security reasons.

EDIT: Very spartan and tidy that office, monastic even, isn't it?

Appears to be a flat out lie about a office. Not a misrepresentation.

http://blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office

APR 14TH, 2014
We’ve Moved To A New Office

Coinbase headquarters have moved! Our new office is located in the heart of San Francisco, with some nice views of the city. And since we can’t be working on digital currency all the time, we’ve outfitted the office with ample ways to decompress - a game room, nap room, free meals, and a fully stocked fridge.
Since completing our fundraise this past December, we’ve more than doubled in size. We now have 23 full time employees and 35 remote contractors. You can read more about our outstanding team here, and apply if you’re interested in joining us.

They have a lot of pictures of their new office too...


More pics at that blog post

I would say that that is a misrepresentation of an office.

Having someone host a virtual office for you is BS.

Tsk tsk tsk.

EDIT I believe their secret office location is at 444 Market Street also known as One Front Street.  I will release more info as it comes in.  If you have any information please feel free to contact me confidentially.

Please excuse the shitty camara lol I'm between phones.

The more I look and think the more I feel Rick Rolled. This was the video that was hidden in the sites source code during the count down.... (seriously) https://www.youtube.com/watch?v=BROWqjuTM0g

So I wanted to go hold a sign outside of Coinbase today that said "Rick Rolled and Won't Let It Go!".  

Turns out their new office in SF (which is in a beautiful location right across the street from the E*Trade place on Market Street) is only a fucking shipping company "Earth Class Mail" that lets digital companies host their business name there, so they appear amazing to investors and everyone else by having a "office" in the heart of SF.

The front doors were locked, but I saw some short haired dude about to go in the back.  I knocked and he came to the door.  I asked him if there was a company called Coinbase in the building on a upper floor.  That is when he told me no and that they host digital businesses at that location, so I thanked him and went on my way.  No reason to rick roll anyone else unnecessarily.

"Coinbase Office"



https://www.earthclassmail.com/AddressDetail/SanFrancisco

http://blog.coinbase.com/post/82766793207/weve-moved-to-a-new-office

This post was also posted @ https://bitcointalksearch.org/topic/m.10282098