Coinbase Leads Charge In Bitcoin’s Consumerization

[seanponeil]

It's too bad that Coinbase is one of the harder exchanges to work with. Coinbase consistently cancel transactions right before they are supposed to go through because they "appear to be high risk". I loved Coinbase when I first used it, but Bitinstant -> Mt Gox is far more reliable.

[jstrate]

I've had this problem and have stopped using them. Since then I've been using localbitcoins and that's been fine. It's surprising to me that after $5 million in investment they are unable to figure out transactions.

[rdl]

Being able to link your bank account is a big deal; everyone wins if Bitcoin becomes more "a currency you buy to buy stuff" vs. just something your speculatively hoard -- including hoarders, ironically.

[TylerE]

How does that really work though? If you're arguing for BitCoin to become the next PayPal, in what way is it not a worse PayPal? (Fees for senders, confirmation delays, no fraud protection, etc)

[ValentineC]

I tried adding a Coinbase button to one of my sites a few days ago, but it took ages to load the JavaScript button.

Maybe one of their next moves should be finding a fast CDN for such stuff.

[ksec]

I still could not get my head around, what happens when Coinbase are hacked and i have no way to trace back the money i lose.

[nbashaw]

Awesome to hear! Congrats to Brian and Fred

[RKearney]

I can't see myself using Coinbase after hearing they had directory indexing on the directory with all the payment confirmations. Others may see past this, but for me it's an unforgivable mistake on their part.

[isaacwaller]

They weren't payment confirmations - they were public merchant checkout pages that were linked from other pages on the internet.

http://blog.coinbase.com/post/47198421272/data-on-merchant-p...

[joezydeco]

We just saw the US Government shut down the Dwolla to MtGox link. What's keeping Coinbase from having the same problem here? Is Coinbase doing more proper reporting under PATRIOT rules and etc?

[thezach]

Bitcoin is going to go up in flames, and all these people buying worthless bits are going to be out quite a bit of money.

And many will laugh, because we all told you so.