where_do_i_live's comments

That the rollout of BCH was problematic is not something I disagree with. It was a huge embarrassment professionally for coinbase.

I am well aware of BCH increasing in price prior to the launch but #1 EVERYTHING was going up in price at the time - BCH started ramping up the prior week from ~ $1700, and #2 really took off once the API keys were publicly found that weekend. That there was a peak of insanity on the release of BCH, I don't dispute, I merely claim that these other claims of nefarious actions can be easily explained through more mundane behaviors.

You are full of it.

> They only allowed people to sell it on their market again, about 24 hours later, after the coin went down to $1,000.

This is completely false, and a lie since you say you were trading it at the time. BCH was trading between $3200 - $4300 when it reopened later the next day.

Not only do you not understand what the verb steal means, you give false information as to how the BCH market traded. You also don't seem to understand that for every buyer there is also a seller. Further, you provide no evidence of your claims of insider trading. I for example, "knew", that BCH was highly likely coming to the exchange based on public information that was already available. BCH API entries were added to coinbase/gdax DAYS before it was open for trading. That you conflate people that were paying attention for clues to the same as people of being guilty of insider trading is sour grapes.

What lesson did I learn from your post? That some people are liars and look to cast blames on others for their own decisions.

Why in the world would an expert trader like yourself place an order for something that was over $1000 higher on GDAX compared to other exchanges? Why because you thought you could scalp it and sell it for more to someone else. You played a very dangerous speculative game and lost - I hope the tuition payment you spent will be taken to heart.

Well... uhh... this guy is not in charge of everyone's healthcare - he's in charge of a rather small group of companies instead.

The consequences of failure here are not exactly analogous to your example. 330 million people are not going to impacted by whatever is considered a failure here.

If you don't have a written contract, and everything was verbal - you don't have a chance whatsoever to sue and come out victorious.

It sounds like unless you can pressure the individuals involved, a judge will be a sore disappointment. Feel free to talk to a lawyer, but no lawyer will take this case unless you pay them upfront and they will likely tell you that you are going to lose this and its not worth your time/money.

Hate to break it to you, but no one is dead outside of the shooter currently.

You might want to take some of your individual responsibility and correct your statement.

I make no claim that they were not paid back and in excess of their initial investment (which was not in pharmaceuticals)

If I lose your money, lie to you, but then I give you 10X your money because I had that in a bank account somewhere because I won the lottery doesn't mean that I didn't commit fraud in relation to your original investment.

Just because your "investment" was repaid at a greater amount doesn't mean you weren't defrauded. He made money because of a settlement, NOT because the investment was in pharma. From your own source article:

...largely through an agreement in which Shkreli gave him shares in his drug company Retrophin Inc.

Shkreli committed fraud, got caught, investors realized they were defrauded, Shkreli then settled privately and paid them above their initial investments with funds completely unrelated to their investments.

He made millions because Shkreli got lucky and was able to settle with them privately. That does not absolve him from the criminal actions he committed just because he settled the civil cases. If Shkreli didn't get lucky with his pharma scheme those investors would not get paid back because their original investment funds were all gone long ago, and again, were not involved in the pharma scheme.

You seem to lack the understanding of the facts in this case.

3. .. tripled their money

haha no... he LOST their money (All of it), LIED about it (fraud), and paid them back with OTHER funds.

Get the facts right first. Misstated - information, the only misstatements are in your post.

Most people are simply applying social pressure against norm breaking anyways - often times they do not literally mean that he should go to jail - it is simply how people talk about offensive behavior in general.

I'm happy to bash him as well, but I still think the actual jail time should be on legal not social law breaking. Everyone hates someone that is a douchebag, and this guy embraces it making him a perfect target.

Just because you settle and repay people with OTHER money, doesn't mean that you didn't commit fraud prior to paying them with _unrelated funds_.

That's not how things work. The man committed fraud, entering into another scheme - got lucky - enough to pay off the previous people he jilted. That does not mean the crimes committed prior to the pharma scheme should be ignored.

you know... he's going to jail for none of the reasons you provided, and instead for plain old fraud.

Fraud sounds like a perfectly normal thing to go to jail for.

Talk to AWS support and see if you can negotiate it down, explain the situation and they might be able to cut you a break so that you don't have to shut everything down. You have nothing to lose here, make sure you've at least attempted this first.

And there lies the problem. That means your lack of existence is on par with anything else. So you can find something random meaningful to you or poof just end it early.

Usually this leads to drugs first and not outright suicide, but it is still nonetheless quite harmful to the individual.

transfer wealth - what a joke.

You will transfer a hell of a lot less wealth today than last week - what a great method of transferring wealth!

You said that there is no communication which is false.

That you are unsatisfied with it nonetheless is fine, but that is a separate issue.

They sent an email yesterday that they have a backlog and are working on getting wires out just yesterday.

https://status.coinbase.com/incidents/p9r8swts79xd

google search that took .00001 seconds

If you are new to the market, your best bet is not to make any investment - otherwise you are just playing the lottery.

You are way way too late to the crypto party - wait a few months, almost a certainty you can buy whatever you want cheaper. Insanity reigns right now.

trading is halted for _minutes_ 2min then 5min... hardly an earth shattering pause.

Huh - that is nonsense. They hold the exact amount of USD that their customers have deposited. They are custodians - not fractional reserve banks.

Looks like TD Ameritrade also has them - I'm getting price data from my app for it at the minimum.

Coinbase froze deposits/withdrawals, trading on the exchange often continues normally.