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Title: Coinbase pissed off some people with lawyers Post by: ElectricMucus on January 30, 2015, 11:04:16 PM http://tripplevy.com/news/coinbase-inc-investigation-of-licensure-of-coinbases-bitcoin-exchange/
Quote Coinbase, Inc. – National Securities Law Firm Investigates Licensure Of Coinbase’s Bitcoin Exchange January 29, 2015 New York, New York Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating Coinbase, Inc. for allegedly making false and misleading statements to prospective and current users of Coinbase’s Bitcoin Exchange regarding its business. On January 26, 2015, Coinbase announced that it launched the first regulated Bitcoin Exchange in the United States, and that it is licensed to do business in 25 states, including New York and California. Coinbase’s statement may have artificially inflated the price of Bitcoins as the cybercurrency rose to $263. However, it was later revealed by New York’s Department of Financial Services and California’s Department of Business Oversight that Coinbase did not have the licenses necessary to operate as a Bitcoin Exchange in New York or California. Following this announcement, the price of a Bitcoin fell to $233. If you are a user of Coinbase’s Bitcoin Exchange and have information that may be helpful to our investigation or would like additional information regarding this investigation, please contact us toll free at 1-800-511-7037 or contact us via our website. Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome. If this hits the courts this is gonna be good, get your popcorn ready. Title: Re: Coinbase pissed off some people with lawyers Post by: inca on January 30, 2015, 11:05:48 PM The *grabs popcorn* meme is a bit over used now.
Title: Re: Coinbase pissed off some people with lawyers Post by: podyx on January 30, 2015, 11:07:30 PM Title: Re: Coinbase pissed off some people with lawyers Post by: damiano on January 30, 2015, 11:08:00 PM That is actually a well established firm and it looks like they managed to get quite a bit in settlements.
Wow this will be very interesting to watch. Title: Re: Coinbase pissed off some people with lawyers Post by: traderCJ on January 30, 2015, 11:08:28 PM Coinbase is about to learn how arcane, muddled, confusing and complex securities regulations are. Welcome to the bigs, guys. This is what you wanted, right? ;)
Title: Re: Coinbase pissed off some people with lawyers Post by: ElectricMucus on January 30, 2015, 11:08:53 PM The *grabs popcorn* meme is a bit over used now. It's how communication over the Internet is done. Title: Re: Coinbase pissed off some people with lawyers Post by: tarmi on January 30, 2015, 11:11:48 PM so funny.
when bitcoiners meet the real world it usually ends bad and in court. so many of them are in jail and under investigation. Title: Re: Coinbase pissed off some people with lawyers Post by: foxbitcoin on January 30, 2015, 11:19:45 PM Bitcoin will outlive any country laws, any exchanges, any shit you throw at it, because that is the core purpose of it.
Title: Re: Coinbase pissed off some people with lawyers Post by: tarmi on January 30, 2015, 11:23:01 PM bitcoin probably will, but I have my doubts for the people around it.
Title: Re: Coinbase pissed off some people with lawyers Post by: thresher on January 30, 2015, 11:23:16 PM They are just looking for attention, this would not help any of you unless you purchased bitcoin at 300 (263 as they say) and sold at 233 pretending that coinbase was the reason why.
Good luck proving their case. I agree coinbase probably swindled us, but yeah these guys don't have law degrees if they think they can win that case and get profit out of it. Title: Re: Coinbase pissed off some people with lawyers Post by: Bit_Happy on January 30, 2015, 11:23:38 PM Bitcoin will outlive any country laws, any exchanges, any shit you throw at it, because that is the core purpose of it. That sounds great right about now. Thanks for the reminder about how awesome Bitcoin really is. Title: Re: Coinbase pissed off some people with lawyers Post by: Meuh6879 on January 30, 2015, 11:24:07 PM false ad ?
turn on the TV ... ::) Title: Re: Coinbase pissed off some people with lawyers Post by: marcus_of_augustus on January 30, 2015, 11:31:53 PM a bitcoin exchange on the scam? nah, couldn't be could it?
Title: Re: Coinbase pissed off some people with lawyers Post by: ronald98 on January 31, 2015, 12:36:46 AM It surprises me that coinbase didn't consult lawyers before announcing they were licensed.
Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 12:57:08 AM so funny. when bitcoiners meet the real world it usually ends bad and in court. so many of them are in jail and under investigation. Coinbase is fucking nuts if they let this get that far. ::) They fucked up something horribly on this... And hurt a lot of Californians (myself included.) American companies "Rick Rolling" their customers and communities with fake news and unethical business tactics is NOT ok. Expect news of a California legal team as well. (If it needs to make the news) I have been speaking with the OP attorney via email and if I like them over the phone I'll be flying to NYC to meet them. I don't want to recruit someone who is looking to hurt Bitcoin because that isn't what this is. If you are a lawyer, rekt customer or raped Bitcoiner please feel free to contact me. Title: Re: Coinbase pissed off some people with lawyers Post by: rm1023 on January 31, 2015, 01:27:33 AM lol This is not going anywhere. The attorneys will jerk each other off and then settle for some undisclosed amount which will basically cover their fees.
Title: Re: Coinbase pissed off some people with lawyers Post by: smoothie on January 31, 2015, 01:32:08 AM It appears Coinbase fucked up.
When that letter from the state of CA saying Coinbase is not licensed/registered with California, that was an eye opener. SMH. Title: Re: Coinbase pissed off some people with lawyers Post by: bitcool on January 31, 2015, 01:36:31 AM the smell of money attracts sharks.
Title: Re: Coinbase pissed off some people with lawyers Post by: ronald98 on January 31, 2015, 01:37:00 AM Could the state of CA saying Coinbase is not licensed/registered invalidate coinbase's insurance? Insurance companies often try to find any reason they can to avoid paying out a claim.
Title: Re: Coinbase pissed off some people with lawyers Post by: cctvtech on January 31, 2015, 01:48:45 AM I read somewhere where Coinbase was not licensed in CA, but, CA stated they did not regulate bitcoin exchanges and a license is not needed, not sure of the fiat side of things though.
Title: Re: Coinbase pissed off some people with lawyers Post by: thresher on January 31, 2015, 01:50:21 AM Again, what is their case?
This is a civil suit, what are the damages? You cannot just magically sue people for money, despite what tv has shown you. Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 03:02:13 AM Coinbase had a history of shady dealings with their orders, buy and sell that gets mysteriously held up during price fluctuations. Authorities are aware of the irregularities.
This latest news isn't a surprise at all. Seems like it would tank the btc soon when many more learn about this. Title: Re: Coinbase pissed off some people with lawyers Post by: Chef Ramsay on January 31, 2015, 05:08:55 AM Coinbase had a history of shady dealings with their orders, buy and sell that gets mysteriously held up during price fluctuations. Authorities are aware of the irregularities. Doubtful, this situation is going to normalize itself just fine. It's basically parsing words from what I can tell at this point. CB point blank is telling you what the states they can operate in in a somewhat secure fashion of sorts. With such large funding recently, I doubt the latest press release that they would offer would be such buffoonery unchecked by the money backers. This is pure drama and will blow over imo. The bottom line is that a grand new trading option is available in the states and that's before the ETFs come into play to offer brokers the ability to diversify portfolios into bitcoin even if they're a small % in scale. Obvious hugeness is huge.This latest news isn't a surprise at all. Seems like it would tank the btc soon when many more learn about this. Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 07:27:05 AM 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. People speculated on BTC and not on 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.
Good luck NOT getting this thrown out of the court. Title: Re: Coinbase pissed off some people with lawyers Post by: manis on January 31, 2015, 09:50:04 AM I am surprised that lawyers haven't gotten involved in more Bitcoin cases.
It is a fertile ground for them. ;D Title: Re: Coinbase pissed off some people with lawyers Post by: Mudd on January 31, 2015, 11:22:09 AM so funny. when bitcoiners meet the real world it usually ends bad and in court. so many of them are in jail and under investigation. That's the way the system is set up. They make so many rules and regulations it makes it very easy for anyone to screw up and when they do they'll come straight after you. The entire system is corrupt anyway but they paint the little people as criminals and throw them in jail whilst the rich can get away with it or buy their way out of crimes. Title: Re: Coinbase pissed off some people with lawyers Post by: ElectricMucus on January 31, 2015, 11:44:03 AM 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. People speculated on BTC and not on 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. Good luck NOT getting this thrown out of the court. Some things come to mind. First last weeks short squeeze was pretty epic, and it arguably was because the coinbase news. Second coinbase probably made a good wad of cash out of it from fees and arbitrage. Last if your read their statement they complain about false advertising, in particular being licensed in NY and CA, the US most important financial regions. There were probably ways for making money for some people if that had been true and since it hasn't happened they can claim lost profits. Title: Re: Coinbase pissed off some people with lawyers Post by: picolo on January 31, 2015, 11:44:31 AM Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating Coinbase, Inc. for allegedly making false and misleading statements to prospective and current users of Coinbase’s Bitcoin Exchange regarding its business. Hunt for money! Title: Re: Coinbase pissed off some people with lawyers Post by: anshar on January 31, 2015, 11:45:37 AM Again, what is their case? This is a civil suit, what are the damages? You cannot just magically sue people for money, despite what tv has shown you. False advertising and misconception? Could that be a thing? They said things which they weren't. Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 11:53:38 AM Again, what is their case? This is a civil suit, what are the damages? You cannot just magically sue people for money, despite what tv has shown you. False advertising and misconception? Could that be a thing? They said things which they weren't. It is a thing. But unless you lost a lot of money buying their products or their stock, what are the damages? You couldn't really have lost a lot of money using their exchange as the crash happened minutes after they launched. So you'd need to have dollars in their system and bought BTC immediately. And even then, the truth about the false advertising (if that's really what happened) came out on Tuesday. So it's hard to proved that the false advertising caused the bitcoin price to drop. Lastly, I made an analogy here: https://bitcointalk.org/index.php?topic=938514.msg10296220#msg10296220 BTC price is not controlled by Coinbase. So you really can't blame Coinbase for losing money from speculating on BTC. Title: Re: Coinbase pissed off some people with lawyers Post by: anshar on January 31, 2015, 11:56:23 AM Again, what is their case? This is a civil suit, what are the damages? You cannot just magically sue people for money, despite what tv has shown you. False advertising and misconception? Could that be a thing? They said things which they weren't. It is a thing. But unless you lost a lot of money buying their products or their stock, what are the damages? You couldn't really have lost a lot of money using their exchange as the crash happened minutes after they launched. So you'd need to have dollars in their system and bought BTC immediately. And even then, the truth about the false advertising (if that's really what happened) came out on Tuesday. So it's hard to proved that the false advertising caused the bitcoin price to drop. That's the thing, alot of people lost hundreds of btc possibly. Which is enough to spark all this. Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 11:59:44 AM That's the thing, alot of people lost hundreds of btc possibly. Which is enough to spark all this. And what does that have to do with Coinbase? I lost millions speculating on oil because Exxon promised to build the titanic of oil rigs. Turns out they never got the license to build that oil rig and the oil price tanked. Does Exxon now need to pay back my lossses? Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 12:10:42 PM That's the thing, alot of people lost hundreds of btc possibly. Which is enough to spark all this. And what does that have to do with Coinbase? I lost millions speculating on oil because Exxon promised to build the titanic of oil rigs. Turns out they never got the license to build that oil rig and the oil price tanked. Does Exxon now need to pay back my lossses? Did Exxon tell you the titanic of oil rigs was already built, approved and funded + launching in 10 hours (https://www.youtube.com/watch?v=BROWqjuTM0g) and then you bought it? Then they use your cash to buy the Oil @ 30% less than you paid for because the ass end of the magical market falls out from it? If the answer is yes then you probably have a solid chance. I intend on recovering a little over $220,000 lost from Coinbase's rick roll attempt. I've had a good number of honest hard working Bitcoiners contact me over this in the past few days... it's not easy getting Rick Rolled, but we have strength in numbers. Title: Re: Coinbase pissed off some people with lawyers Post by: NotLambchop on January 31, 2015, 12:13:12 PM Again, what is their case? This is a civil suit, what are the damages? You cannot just magically sue people for money, despite what tv has shown you. False advertising and misconception? Could that be a thing? They said things which they weren't. Bitcoin enthusiasts see a compelling rocket pic on interwebs. Luls and lawsuits ensue. Title: Re: Coinbase pissed off some people with lawyers Post by: picolo on January 31, 2015, 12:13:32 PM That's the thing, alot of people lost hundreds of btc possibly. Which is enough to spark all this. And what does that have to do with Coinbase? I lost millions speculating on oil because Exxon promised to build the titanic of oil rigs. Turns out they never got the license to build that oil rig and the oil price tanked. Does Exxon now need to pay back my lossses? They didn't lie. Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 12:22:42 PM My account equity alone was over $220,000 (around 1,000 BTC at these levels) with me alone. I know a large number effected by this horse shit >:( Rick rolled like a mofo in other words... And tell me again why it's Coinbase's fault that you lost money speculating on BTC. Did you lose it on their exchange? Did the BTC price crash after CA's statement that Coinbase did not have a license? Did Coinbase claim that they had a CA license? You also don't seem to understand what rickroll means. See: http://en.wikipedia.org/wiki/Rickrolling Coinbase rickrolled users that thought they found what Coinbase was launching by going to https://coinbase.com/lunar/feature And by the way, for every loser, there's a winner. So maybe you should sue all the people that made money. Did Exxon tell you the titanic of oil rigs was already built, approved and funded + launching in 10 hours (https://www.youtube.com/watch?v=BROWqjuTM0g) and then you bought it? Did Coinbase tell you that? From what I can tell, WSJ leaked the news before Coinbase launched. And it caused you to buy what? BTC, that's right. Did Coinbase force you to buy BTC? You bought BTC to speculate because you heard rumors that Coinbase was launching an exchange. That's right, rumors. Coinbase didn't say a peep until Monday except for a mysterious rocket website with a countdown. By the time Coinbase said something, the market had already crashed. Then they use your cash to buy the Oil @ 30% less than you paid for because the ass end of the magical market falls out from it? How did Coinbase use your cash? Did you lose your cash on the coinbase exchange? Were they on the other side of your margin trade? Are you saying they lied to everyone to purposely crash the market while they are shorting BTC? Lol I intend on recovering a little over $220,000 lost from Coinbase's rick roll attempt. Ok, getting some popcorn. Title: Re: Coinbase pissed off some people with lawyers Post by: anshar on January 31, 2015, 12:35:19 PM That's the thing, alot of people lost hundreds of btc possibly. Which is enough to spark all this. And what does that have to do with Coinbase? I lost millions speculating on oil because Exxon promised to build the titanic of oil rigs. Turns out they never got the license to build that oil rig and the oil price tanked. Does Exxon now need to pay back my lossses? But they didn't lie or act foolishly as coinbase did. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 12:40:25 PM ... Ok, getting some popcorn. Enjoy your popcorn ::) http://www.urbandictionary.com/define.php?term=rick+rolled&defid=2733819 Rick Rolled 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." "Coinbase rick rolled the Bitcoin community millions of dollars on Sunday and tried to rick roll us again with shills + Charlie doing the deny deny deny thing. ::)" Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 12:48:58 PM But they didn't lie or act foolishly as coinbase did. Where did Coinbase lie and how did they act foolishly? Look, I lost a lot of money too. I bought the hype and didn't sell at 300. Now I'm down quite a bit. But I'm not going to blame my speculative trading on Coinbase. I tried to take advantage of Coinbase's news to make some money and it backfired. Lesson learned. Did Coinbase's rumors cause the price to rise? I'm sure it did. Did the launch cause an immediate sell off? I think so. Was the sell-off related to not having the CA/NY license? That's a tough argument as the crash happened before the CA/NY news came out. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 12:51:28 PM Look, I lost a lot of money too.... You aren't fooling anyone ::) Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 12:56:41 PM Look, I lost a lot of money too.... You aren't fooling anyone ::) Well you certainly helped the right traders make more money ;D You lost the right to complain the moment you bought in based on a speculative news, and coinbase was smart enough not to say anything until the prices calmed down. Sue coinbase with those lawyers. Or just sit here and bitch because you know you fk'd up trying take advantage of the wave where you certainly would have made money off of late comers. Take your pick :) Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 12:57:54 PM http://www.urbandictionary.com/define.php?term=rick+rolled&defid=2733819 My bad. You are right. Now if only you would address my other points. Look, I lost a lot of money too.... You aren't fooling anyone ::) Ok, fine. I made a lot of money. I made $220,000 by buying BTC on margin. Speaking of buying, I finally got my money on the Coinbase exchange. Trying to see what the fuss is all about. Took 4 freaking days to get my dollars in! I've bought some at $225, so that's why I'm not as upset anymore. Dollar cost averaging... Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:00:22 PM coinbase was smart enough not to say anything until the prices calmed down. Man... how smart of them ::) Mmmmmm I love the taste of Shills in the morning! Coinbase will be sued if they aren't interested in settling. I hope to see that state take further action independently as well. Now if only you would address my other points. I'm not a good enough explainer. You can read the court papers in the future. Title: Re: Coinbase pissed off some people with lawyers Post by: waterpile on January 31, 2015, 01:02:42 PM So, coinbase wasn't really a legitimate exchanger? Is the news just and FUD? sorry im confused
Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:02:58 PM coinbase was smart enough not to say anything until the prices calmed down. Man... how smart of them ::) Mmmmmm I love the taste of Shills in the morning! Stupid as stupid does. Fool and his money are quickly parted :) "Shills" how pathetic to think you are important enough for coinbase to bother you with them LOL So, coinbase wasn't really a legitimate exchanger? Is the news just and FUD? sorry im confused They released something with news, it was either overstated/outright lied/fraudulent statement, and a bunch of idiots like bayareacoin lost their money trying to speculate on the news. It is likely that coinbase did embellish their statement rather badly, but I doubt any of these speculators have any say in whether they are culpable for anything. Of course, they are always welcome to throw money at the lawyers to get back at coinbase for the incompetent business practices. Either way, we win ;D Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:06:14 PM "Shills" how pathetic to think you are important enough for coinbase to bother you with them LOL Guess it was important enough for Charlie to make his first post since OCT 2014 in response to me. https://bitcointalk.org/index.php?topic=938514.msg10285298#msg10285298 Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:09:23 PM "Shills" how pathetic to think you are important enough for coinbase to bother you with them LOL Guess it was important enough for Charlie to make his first post since OCT 2013 in response to me. https://bitcointalk.org/index.php?topic=938514.msg10285298#msg10285298 Of course, if anyone else made that thread, he would not have bothered to say anything ;D Must be some entitled spoiled attitude to think that was directed specifically at you, not the news LOL Typical california dipsht with more money then wits. Take that 220k loss as a good lesson and move on. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:10:50 PM Of course, if anyone else made that thread, he would not have bothered to say anything ;D Typical california dipsht with more money then wits. Take that 220k loss as a good lesson and move on. More money than wits... that's hilarious. About all I have is wits good sir/ma'am(s). I'm happy to stand in front of a judge, community or anyone else for stuff that I think is right... what will you do? Fuck off shill :P You seem to have a lot of feelings mixed up in this ;) Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:16:51 PM Of course, if anyone else made that thread, he would not have bothered to say anything ;D Typical california dipsht with more money then wits. Take that 220k loss as a good lesson and move on. More money than wits... that's hilarious. About all I have is wits good sir/ma'am(s). I'm happy to stand in front of a judge, community or anyone else for stuff that I think is right... what will you do? Fuck off shill :P You seem to have a lot of feelings mixed up in this ;) With all that sht talking and a thread going, you are in a place where you need to do something real if you want people to think it's not just you running your mouth :) Let's see you put money where your mouth is - but you don't have the balls for that ;D Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 01:17:46 PM "Shills" how pathetic to think you are important enough for coinbase to bother you with them LOL Guess it was important enough for Charlie to make his first post since OCT 2013 in response to me. https://bitcointalk.org/index.php?topic=938514.msg10285298#msg10285298 I just realized you are the same person that started the other thread! I guess Coinbase's fake office address also rick-rolled you. You are having a rough week! :P Title: Re: Coinbase pissed off some people with lawyers Post by: Q7 on January 31, 2015, 01:17:52 PM Okay. Now I'm confused. And who is the bad guy. Are you telling me that the price was manipulated at some stage?
Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:24:25 PM Okay. Now I'm confused. And who is the bad guy. Are you telling me that the price was manipulated at some stage? Basically, coinbase was being "cleverly" vague about their statements and possibly fraudulent. They claimed to have been licensed in california and other states in US when they clearly were not. However, a bunch of idiots like bayareacoin tried to speculate on the coinbase news by buying in at the beginning, and are now btching at charlie lee and coinbase for "lying" when in fact, they were gambling on purely speculative grounds of their own accord. So in short, we have a possibly fraudulent/embellished message sending company under threat of lawsuit and investigation by lawyers, and a bunch of speculative fools trying to moan about how they lost money on "fraud", not their own poor gambling wits. Sht pile all around ;D But to answer the critical question, yes coinbase seems to have placed a rather misleading statement (if not an outright lie) about being licensed in CA and NY, and is under serious threat of legal investigation. They have been noted in the past for some shady "high risk" stoppage of trade orders among other strange irregularities in their businesses. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:29:42 PM Let's see you put money where your mouth is - but you don't have the balls for that ;D I wouldn't bet against my money, mouth or balls... https://i.imgur.com/td9EonM.jpg www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.html + more to come I'm sure. http://2.bp.blogspot.com/-xucEwfqku8E/TgeUtdC23CI/AAAAAAAADXY/R3bwrGBkdv4/s320/casino-1995-11-g.jpg Title: Re: Coinbase pissed off some people with lawyers Post by: NotLambchop on January 31, 2015, 01:34:12 PM Haha!
http://i19.photobucket.com/albums/b170/Ralf_Dudat/megalania_skinRender_02.png Your money is belong to us! Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:34:36 PM Let's see you put money where your mouth is - but you don't have the balls for that ;D I wouldn't bet against my money, mouth or balls... https://i.imgur.com/td9EonM.jpg LOLOL this is gold ;D Yes you are certainly from california :D Let's hope that cash helps you with your impotence since you are clearly so easy to fk over :) Now we want to see you flash that cash in charlie lee and coinbase people's face and post that photo. Seeing as you don't even have the balls to show your hand on that e-penis buttressing photo, we understand you don't have the balls to do anything other than flash some cash in front of your monitor (be careful not to show your hand, don't want other people to have any hints about who you are!). LOL this is some major limp dick behavior. Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on January 31, 2015, 01:37:42 PM I have yet to find where Coinbase claimed to have been licensed in CA and NY. They do make a very bold claim that they are the first regulated US exchange: http://blog.coinbase.com/post/109202118547/coinbase-launches-first-regulated-bitcoin-exchange
That's arguably wrong because there are other regulated US exchanges like CoinX and CoinSetter. But really, no one has a clear definition of what "regulated" means. It seems to me that Coinbase told the press that they are launching a "regulated" exchange and that they support 24 states. And the press clearly jumped to the conclusion that Coinbase has licenses in all of these 24 states. And Coinbase didn't bother to correct them and that led to the statements from CA and NY, which were pretty embarrassing for Coinbase. To go from this to having Coinbase be responsible for someone's speculative loss on BTC requires quite a bit of stretching the laws of consumer protection. If it were Coinbase stock, you might have a case. Even then, the price movements just don't match up. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:38:53 PM LOLOL this is gold ;D Yes you are certainly from california :D Let's hope that cash helps you with your impotence since you are clearly so easy to fk over :) Now we want to see you flash that cash in charlie lee and coinbase people's face and post that photo. Seeing as you don't even have the balls to show your hand on that e-penis buttressing photo, we understand you don't have the balls to do anything other than flash some cash in front of your monitor (be careful not to show your hand, don't want other people to have any hints about who you are!). LOL this is some major limp dick behavior. My name is Steven Steiner. This is a known thing.... I don't hide in hidden offices and I have the same backyard view as the Coinbase office that they tweeted. Anything else mean you want to say ;) Title: Re: Coinbase pissed off some people with lawyers Post by: stonehedge on January 31, 2015, 01:40:59 PM Ha ha ha ha ha. This is gold.
Haven't really read the thread but the photo is priceless. All bow before BayAreaCoins and his public display of some money! ::) Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:42:03 PM Ha ha ha ha ha. This is gold. Haven't really read the thread but the photo is priceless. All bow before BayAreaCoins and his public display of some money! ::) Trust me I'd rather not be here talking about this ::) Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:42:33 PM I have yet to find where Coinbase claimed to have been licensed in CA and NY. They do make a very bold claim that they are the first regulated US exchange: http://blog.coinbase.com/post/109202118547/coinbase-launches-first-regulated-bitcoin-exchange That's arguably wrong because there are other regulated US exchanges like CoinX and CoinSetter. But really, no one has a clear definition of what "regulated" means. It seems to me that Coinbase told the press that they are launching a "regulated" exchange and that they support 24 states. And the press clearly jumped to the conclusion that Coinbase has licenses in all of these 24 states. And Coinbase didn't bother to correct them and that led to the statements from CA and NY, which were pretty embarrassing for Coinbase. To go from this to having Coinbase be responsible for someone's speculative loss on BTC requires quite a bit of stretching the laws of consumer protection. If it were Coinbase stock, you might have a case. Even then, the price movements just don't match up. LOLOL this is gold ;D Yes you are certainly from california :D Let's hope that cash helps you with your impotence since you are clearly so easy to fk over :) Now we want to see you flash that cash in charlie lee and coinbase people's face and post that photo. Seeing as you don't even have the balls to show your hand on that e-penis buttressing photo, we understand you don't have the balls to do anything other than flash some cash in front of your monitor (be careful not to show your hand, don't want other people to have any hints about who you are!). LOL this is some major limp dick behavior. My name is Steven Steiner. This is a known thing.... Good good, now let's see you do something real to back up all that sht talk :) Go up to coinbase address and record your confrontation. You are to do so after all that btching and moaning you started ;D Or just sit in front of your monitor and flash cash again LOL Ha ha ha ha ha. This is gold. Haven't really read the thread but the photo is priceless. All bow before BayAreaCoins and his public display of some money! ::) This fker is having a serious case of limp dick impotence see how easily he gets fk'd haha Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:44:46 PM Good good, now let's see you do something real to back up all that sht talk :) Go up to coinbase address and record your confrontation. You are to do so after all that btching and moaning you started ;D Address they give isn't theirs. ::) Was there Monday and recorded. https://bitcointalk.org/index.php?topic=938514.0 Title: Re: Coinbase pissed off some people with lawyers Post by: stonehedge on January 31, 2015, 01:46:35 PM Good good, now let's see you do something real to back up all that sht talk :) Go up to coinbase address and record your confrontation. You are to do so after all that btching and moaning you started ;D Address they give isn't theirs. ::) Was there Monday and recorded. https://bitcointalk.org/index.php?topic=938514.0 You travelled all the way from Arkansas to SF? Thats a hell of a way. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:48:59 PM Good good, now let's see you do something real to back up all that sht talk :) Go up to coinbase address and record your confrontation. You are to do so after all that btching and moaning you started ;D Address they give isn't theirs. ::) Was there Monday and recorded. https://bitcointalk.org/index.php?topic=938514.0 You travelled all the way from Arkansas to SF? Thats a hell of a way. I'm from Arkansas, but I have a apartment in the City in SF as well. I sell snails out here :) Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:49:57 PM Good good, now let's see you do something real to back up all that sht talk :) Go up to coinbase address and record your confrontation. You are to do so after all that btching and moaning you started ;D Address they give isn't theirs. ::) Was there Monday and recorded. https://bitcointalk.org/index.php?topic=938514.0 All we have are pictures, boy :) We say again, record yourself when you track them down and let's see how you and the coinbase folks see this go down ;D Charlie lee isn't exactly anonymous and neither are the coinbase owners. You need to stop trying to cop out and show people something real to back up all that sht talk LOL Let's wait and see if you have the balls to do something other than "politely ask" anything when you are btching and moaning here as if you want to start something serious. All the btching and moaning, and nothing real, no confrontation. :D Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 01:51:37 PM ... All the btching and moaning, and nothing real, no confrontation. :D I'm a business man. Don't be a 15 year old. Grown ups handle disputes in courts... not in the streets. The Winklevoss twins probably could kick the shit out of Mark Z, but that wouldn't get them $63 million ::) Title: Re: Coinbase pissed off some people with lawyers Post by: Come-from-Beyond on January 31, 2015, 01:54:37 PM Coinbase pissed off some people with lawyers Let me guess... They are twins and are planning to launch a competing service? Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 01:56:46 PM ... All the btching and moaning, and nothing real, no confrontation. :D I'm a business man. Don't be a 15 year old. Grown ups handle disputes in courts... not in the streets. The Winklevoss twins probably could kick the shit out of Mark Z, but that wouldn't get them $63 million ::) Apparently a grown man such as yourself btch like a 15 year old online, with the same sht talking attitude ;D Then, don't even have the balls to handle a confrontation unless a lawyer is present :D Flash that cash again. Let me quote it again for the benefit of the public: Let's see you put money where your mouth is - but you don't have the balls for that ;D I wouldn't bet against my money, mouth or balls... https://i.imgur.com/td9EonM.jpg www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.html + more to come I'm sure. http://2.bp.blogspot.com/-xucEwfqku8E/TgeUtdC23CI/AAAAAAAADXY/R3bwrGBkdv4/s320/casino-1995-11-g.jpg HAHAHAHAHA this is pure gold ;D Somebody tell me what this looks like. A ten year old these days are not this easy LOL Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 02:01:15 PM Then, don't even have the balls to handle a confrontation unless a lawyer is present :D ooooo shill shill shill.... Enjoy it dude. I'm obviously pissed and I feel right to be a bit upset. I know I'm not the only one. You tell me to put my money where my mouth is, so there is a part of my retainer fee if needed. You tell me I better hid my hand so no one knows who I am, so I tell you who I am. I don't need a lawyer if they want to cut the check. Anything I pay to a lawyer will really just be Coinbase paying them, so it's up to them at this point. They have been emailed and have obviously been reading posts ect. They know where to find me. They are a company who is backed by some serious players and $112 Million dollars or whatever. I'm just some dick weed from Arkansas who works his ass off and was swindled by them... why would I not have a least one lawyer if it goes to court? ::) Title: Re: Coinbase pissed off some people with lawyers Post by: TheWiseandUnwise on January 31, 2015, 02:14:09 PM Then, don't even have the balls to handle a confrontation unless a lawyer is present :D ooooo shill shill shill.... Enjoy it dude. I'm obviously pissed and I feel right to be a bit upset. I know I'm not the only one. You tell me to put my money where my mouth is, so there is a part of my retainer fee if needed. You tell me I better hid my hand so no one knows who I am, so I tell you who I am. I don't need a lawyer if they want to cut the check. Anything I pay to a lawyer will really just be Coinbase paying them, so it's up to them at this point. They have been emailed and have obviously been reading posts ect. They know where to find me. HAHAHAHAHA I don't have enough words to say how fking pathetic this is. You gambled and lost. Charlie lee was obviously having a grand time reading your whining ;D You are delusional if someone pointing out the obvious fact that you are just btching and moaning with nothing to back it up is a "shill". Obviously you don't have what it takes to initiate any kind of confrontation you are saying on these forums. Put up or shut up eh? You can't even write coherent sentences anymore LOL Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 02:15:52 PM Put up or shut up eh? Sounds like a plan. Have a good night and thanks for the additional motivation. *hands popcorn* ;D Title: Re: Coinbase pissed off some people with lawyers Post by: Torque on January 31, 2015, 02:39:20 PM You guys need to chill.
Coinbase has a whole army of Compliance lawyers and outside counsel, they know exactly what is within their legal rights to say and not say. Title: Re: Coinbase pissed off some people with lawyers Post by: ElectricMucus on January 31, 2015, 06:21:08 PM Coinbase pissed off some people with lawyers Let me guess... They are twins and are planning to launch a competing service? Nice idea for a plot twist. Title: Re: Coinbase pissed off some people with lawyers Post by: Coinshot on January 31, 2015, 06:31:18 PM The Coinbase rocket is not taking off.
I am still angry with them for that stunt. Title: Re: Coinbase pissed off some people with lawyers Post by: B.A.S. on January 31, 2015, 07:12:19 PM I have yet to find where Coinbase claimed to have been licensed in CA and NY. They do make a very bold claim that they are the first regulated US exchange: http://blog.coinbase.com/post/109202118547/coinbase-launches-first-regulated-bitcoin-exchange That's arguably wrong because there are other regulated US exchanges like CoinX and CoinSetter. But really, no one has a clear definition of what "regulated" means. It seems to me that Coinbase told the press that they are launching a "regulated" exchange and that they support 24 states. And the press clearly jumped to the conclusion that Coinbase has licenses in all of these 24 states. And Coinbase didn't bother to correct them and that led to the statements from CA and NY, which were pretty embarrassing for Coinbase. To go from this to having Coinbase be responsible for someone's speculative loss on BTC requires quite a bit of stretching the laws of consumer protection. If it were Coinbase stock, you might have a case. Even then, the price movements just don't match up. Same here, I was doing some digging myself. I am not sure CB needs licensing in NY or CA (as of yet). The States the exchange is not available in (S. Dak for example) probably has to do with needing an expensive license, it's not legal yet or the potential profits for opening up in that State are not high enough. Per their website: The USD wallet is only available to Coinbase customers located in US states where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business. Title: Re: Coinbase pissed off some people with lawyers Post by: damiano on January 31, 2015, 07:43:34 PM Let's see you put money where your mouth is - but you don't have the balls for that ;D I wouldn't bet against my money, mouth or balls... https://i.imgur.com/td9EonM.jpg LOLOL this is gold ;D Yes you are certainly from california :D Let's hope that cash helps you with your impotence since you are clearly so easy to fk over :) Now we want to see you flash that cash in charlie lee and coinbase people's face and post that photo. Seeing as you don't even have the balls to show your hand on that e-penis buttressing photo, we understand you don't have the balls to do anything other than flash some cash in front of your monitor (be careful not to show your hand, don't want other people to have any hints about who you are!). LOL this is some major limp dick behavior. It's not limp dick move, you called him out and he just shit in your face Title: Re: Coinbase pissed off some people with lawyers Post by: SirChiko on January 31, 2015, 08:08:01 PM It surprises me that coinbase didn't consult lawyers before announcing they were licensed. And i've been looking everywhere why the price went down and thought that it was cased by that timer.Sucks big balls, let's see how coinbase will get out of this. But yeah imho false adiversments are everywhere just turn on your TV. Title: Re: Coinbase pissed off some people with lawyers Post by: marcus_of_augustus on January 31, 2015, 09:55:19 PM At a minimum, it was unprofessional for Coinbase to be rocket/lunar hyping the pump (return of the Gox willy bot anyone?) and sowing confusion with vague statements regarding the licencing/regulated status of their new exchange operations.
Title: Re: Coinbase pissed off some people with lawyers Post by: ElectricMucus on January 31, 2015, 10:51:37 PM What I don't quite get is, wasn't the pump all but over when the coinbase exchange went live? I mean clear, if you bought at them when they stated trading you payed more then you would right now.
But whatever happened to "Buy the rumor, sell the news."? Title: Re: Coinbase pissed off some people with lawyers Post by: B.A.S. on January 31, 2015, 11:16:46 PM Pump or dump aside, what I found interesting about the CB fiasco was that fiat is truly ready and waiting on the sidelines! It's been a long, tiring bear market and sentiment supports this, but with just a tiny ray of sun BTC was pumped for 24 hours. We just need a spark to light the fire.
Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on January 31, 2015, 11:19:08 PM But whatever happened to "Buy the rumor, sell the news."? Buy the fake news, sell on reality :( It wasn't a rumor it was a flat out lie. If you purchased Bitcoin from Coinbase on Sunday/Monday morning or are a "rick rolled" victim please be sure to contact: jonathan.levy@tripplevy.com It is 100% confidential contacting him. (This is the law firm out of NY and has offices in LA or something.) It cost $0 through them and they take 25%-33% of what is recovered. Pretty sweet deal if you don't have the $ for a retainer ect ect. It also means the firm doesn't get paid unless they win... gives the lawyers a little kick in the ass for a positive outcome for the victims. Even if you do contact them it would probably be wise to contact your State Attorney General and a lawyer that you trust as well. Title: Re: Coinbase pissed off some people with lawyers Post by: cryptopaddles on January 31, 2015, 11:34:20 PM Will getting regulators and Lawyers involved with bitcoin be a good thing? Looks to me like we have the answer to that question at least.
Title: Re: Coinbase pissed off some people with lawyers Post by: rm1023 on February 01, 2015, 03:14:02 AM But whatever happened to "Buy the rumor, sell the news."? Buy the fake news, sell on reality :( It wasn't a rumor it was a flat out lie. If you purchased Bitcoin from Coinbase on Sunday/Monday morning or are a "rick rolled" victim please be sure to contact: jonathan.levy@tripplevy.com It is 100% confidential contacting him. (This is the law firm out of NY and has offices in LA or something.) It cost $0 through them and they take 25%-33% of what is recovered. Pretty sweet deal if you don't have the $ for a retainer ect ect. It also means the firm doesn't get paid unless they win... gives the lawyers a little kick in the ass for a positive outcome for the victims. Even if you do contact them it would probably be wise to contact your State Attorney General and a lawyer that you trust as well. This is the reason the US sucks now. I bought a few coins, not worried about the loss after the past year. I maintained a speculative mind frame during my purchase. Title: Re: Coinbase pissed off some people with lawyers Post by: traderCJ on February 01, 2015, 04:56:29 AM BayAreaCoins:
I'm a bit confused. Admittedly, I haven't followed the coinbase exchange announcement snafu very closely. How did they cause you to lose $220k? Title: Re: Coinbase pissed off some people with lawyers Post by: manis on February 01, 2015, 05:16:32 AM Doesn't everybody have lawyers these days?
Title: Re: Coinbase pissed off some people with lawyers Post by: rocoro on February 02, 2015, 06:24:13 AM BayAreaCoins: I'm a bit confused. Admittedly, I haven't followed the coinbase exchange announcement snafu very closely. How did they cause you to lose $220k? People feel they used news to manipulate price. If there is evidence, there probably is somewhat of a good case. Looking at the law firm, it looks like they've handled these type of things before. I hope to see them get something. But sometimes with class action lawsuits (if that's what they're doing) - by the time they split it all up, I don't think you see much. I guess it depends on a total amount to be distributed. Title: Re: Coinbase pissed off some people with lawyers Post by: traderCJ on February 02, 2015, 06:38:41 AM People feel they used news to manipulate price. If there is evidence, there probably is somewhat of a good case. Looking at the law firm, it looks like they've handled these type of things before. I hope to see them get something. But sometimes with class action lawsuits (if that's what they're doing) - by the time they split it all up, I don't think you see much. I guess it depends on a total amount to be distributed. So he lost $220k because he was short BTC and got margin called following the announcement? That's his standing for the lawsuit? Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on February 02, 2015, 06:47:52 AM ... www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.html But sometimes with class action lawsuits (if that's what they're doing) - by the time they split it all up, I don't think you see much I spoke Tripp Levy PLLC on the phone this weekend. They sound pretty decent, but I'm going to continue interviewing as well. It will cost people $0 to participate in their suit and the lawyers get paid only if their victims do. This means the lawyers: A: Think they have a strong case. B: Work harder to win. I spent a good bit on the phone with him and passing emails back and forth. Just trying to make sure their firm knows this wasn't Bitcoins fault. It was Coinbase. Title: Re: Coinbase pissed off some people with lawyers Post by: Elwar on February 02, 2015, 08:07:12 AM "If you are a user of Coinbase’s Bitcoin Exchange and have information that may be helpful to our investigation or would like additional information regarding this investigation, please contact us"
In other words..."We have no clue what to actually go after them for but we see that they have a lot of money so let the lawsuit commence! Please give us information on how we can justify this lawsuit." btw Nowhere in any press did CoinBase claim that they had a California Bitcoin license. They are a licensed and regulated exchange ... in California. California coming out and "clarifying" something that did not need to be clarified is pretty lame. That is like me coming out with a statement: "BayAreaCoins is not actually a lawyer that can give out legal advice!" Then people reacting with "What?!? He's not? But I thought he was! I spent $200,000 to file a lawsuit based on that assumption!" Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on February 02, 2015, 08:13:05 AM Nowhere in any press did CoinBase claim that they had a California Bitcoin license. ... California coming out and "clarifying" something that did not need to be clarified is pretty lame. ... Then people reacting with "What?!? He's not? But I thought he was! I spent $200,000 to file a lawsuit based on that assumption!" A: They never claim they weren't either cause why fuck something up when you are making cash hand over fist. ::) If you don't see what happened by now then you just won't see it I guess. I'm not a very good explainer though either admittedly. B: California protecting their people is far from lame. Go fucking California! C: I'm not a lawyer and no one needs to spend anything on that NYC firm. The charge is $0 and they only get paid if they win (25-33% generally John said.) Consult your own attorney. https://twitter.com/BayAreaCoins/status/562060531314335744 Title: Re: Coinbase pissed off some people with lawyers Post by: traderCJ on February 02, 2015, 08:17:42 AM So literally anyone who incurred losses subsequent to the Coinbase announcement has standing in this law firms eyes?
Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on February 02, 2015, 08:20:35 AM So literally anyone who incurred losses subsequent to the Coinbase announcement has standing in this law firms eyes? Not sure if it is American only or global tbh. Email him. He is super nice. Title: Re: Coinbase pissed off some people with lawyers Post by: Elwar on February 02, 2015, 08:57:39 AM If you don't see what happened by now then you just won't see it I guess. I'm not a very good explainer though either admittedly. You have explained it well enough. You lost $200k on an assumption that was not presented as a fact. If I can sue for every news article that gets things wrong about Bitcoin I will be bitcoin rich in a month. Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on February 02, 2015, 09:12:56 AM You have explained it well enough. You lost $200k on an assumption that was not presented as a fact. If I can sue for every news article that gets things wrong about Bitcoin I will be bitcoin rich in a month. Since it is easy to call in and check on a Sunday night eh? ::) Also, your vote via paying website doesn't appear to be loading. Title: Re: Coinbase pissed off some people with lawyers Post by: coinsurfer12 on February 02, 2015, 09:13:51 AM If you don't see what happened by now then you just won't see it I guess. I'm not a very good explainer though either admittedly. You have explained it well enough. You lost $200k on an assumption that was not presented as a fact. If I can sue for every news article that gets things wrong about Bitcoin I will be bitcoin rich in a month. Somehow I doubt that he put $220k on BTC because of the CA license. He gambled $220k because of the rumor that Coinbase was launching an exchange. The whole market was buzzing about that and that's why the price shot up to $300. If Coinbase launched in 23 states (no CA) instead of 24, the price movement would be exactly the same. It was only after the fact, he looked for an excuse to see who he could blame. That's what I hate about America. People like this guy who thinks that it's other people's fault for their own stupidity. Trip on a rock in someone's front yard and then proceed to sue the owner of the house. Burn yourself from spilling hot coffee and then sue McDonalds. Lawyers are lovin' it. (pun intended) Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on February 02, 2015, 09:30:50 AM Somehow I doubt that he put $220k on BTC because of the CA license. He gambled $220k because of the rumor that Coinbase was launching an exchange. k shill :D You obviously have a lot of interest in this glancing at your post history ;) I fucking hate Coinbase... hated them before all this too. I was excited about a CA license... I share the same backyard as the "Coinbase office". It was exciting looking over the city off of my balcony and thinking "Holy Shit.... Coinbase fucktards pulled it off!" When in reality all they pulled off was rick rolling the fuck out of all of us. They track peoples accounts hardcore and skim 1% off the LocalBitcoin hustlers who actually have enough heart to meet people in person. Coinbase won't even tell folks where their office is. What a joke... http://cointelegraph.com/news/113403/5-reasons-to-drop-coinbase-like-a-hot-potato-op-ed Lawyers are lovin' it. (pun intended) Don't hate the player... hate the game. Fuck a bunch of people and you don't expect to get fucked back... ok! :-* I got a FED registered letter in the mail today threatening my SnailsInTheMail business with a $6.3 million dollar fine over fucking snails.... I can't even imagine what Coinbase is going to get in the mail :-X. I'd like to stress again I would love to settle my shit with Coinbase privately with limited lawyers and no court. I'm not exactly thrilled to have to being doing this... I'd rather the news have been for real and that hurdle jumped by Bitcoin. Title: Re: Coinbase pissed off some people with lawyers Post by: Elwar on February 02, 2015, 12:04:00 PM I was excited about a CA license... Something they never announced. And since California does not require a license to exchange bitcoins, there is no license to acquire. Even the California "warning" said Coinbase didn't have a license, and they are considering what such a license would look like were it to exist...which it doesn't. I didn't get a license to buy soda this morning at the store. Now, just because I say that does not mean I am licensed to buy soda at the store. And if I say that my drivers license allows me to buy any drink in the store including alcohol, it does not mean I need a license to buy soda as well. The store owner putting out a press release stating that I "do not have a license to buy soda" at the store does not change one bit that I can buy soda at the store. And I can see why you would rather settle out of court. The mere threat of a lawsuit is always good for a few bucks from a company trying to hold a good reputation that has a bit of money. Title: Re: Coinbase pissed off some people with lawyers Post by: ElectricMucus on February 02, 2015, 12:39:10 PM Something they never announced. And since California does not require a license to exchange bitcoins, there is no license to acquire. Even the California "warning" said Coinbase didn't have a license, and they are considering what such a license would look like were it to exist...which it doesn't. Coinbase assumed they don't need a license in California based on their research, they then announced that they are opening a licensed Bitcoin exchange. No mention of being specifically licensed in California, but it could lead to the assumption that they were in fact licensed to operate a bitcoin exchange in California (which they can not, since the assumption that there is no licensing) Now then what happened was that the state of California went out and denied they ever gave Coinbase a license. Now that can mean two entirely different things: Either Coinbase is correct in the assumption that they don't need a license, so the claims they did lead people to believe they have some sort of official standing while they are not make sense. Or their assumption is wrong and they actually would need a license to operate in California, in which case they lied and are fucked so much they stand no chance in curt. Either way they are fucked in New York, since they do require a license there they haven't got that and they lead customers to believe they did. And their "clever" choice of words does make it worse for them, since the complaint is that is part of their deception. You see being "clever" about wording when dealing with bureaucracy is an incredibly stupid thing to do. Motivating bureaucrats is hard, but a sure way to do it is if you give them the impression you are toying with them. Title: Re: Coinbase pissed off some people with lawyers Post by: Elwar on February 02, 2015, 03:26:31 PM Something they never announced. And since California does not require a license to exchange bitcoins, there is no license to acquire. Even the California "warning" said Coinbase didn't have a license, and they are considering what such a license would look like were it to exist...which it doesn't. Coinbase assumed they don't need a license in California based on their research, they then announced that they are opening a licensed Bitcoin exchange. No mention of being specifically licensed in California, but it could lead to the assumption that they were in fact licensed to operate a bitcoin exchange in California (which they can not, since the assumption that there is no licensing) Now then what happened was that the state of California went out and denied they ever gave Coinbase a license. Now that can mean two entirely different things: Either Coinbase is correct in the assumption that they don't need a license, so the claims they did lead people to believe they have some sort of official standing while they are not make sense. Or their assumption is wrong and they actually would need a license to operate in California, in which case they lied and are fucked so much they stand no chance in curt. Either way they are fucked in New York, since they do require a license there they haven't got that and they lead customers to believe they did. And their "clever" choice of words does make it worse for them, since the complaint is that is part of their deception. You see being "clever" about wording when dealing with bureaucracy is an incredibly stupid thing to do. Motivating bureaucrats is hard, but a sure way to do it is if you give them the impression you are toying with them. Coinbase did open a licensed exchange. If I'm in Michigan and get pulled over the cop can ask for my license I can present my Florida drivers license. I am a licensed driver. Coinbase is licensed. I am sure they can prove it easily, they just have to prove it for one state. Their website showed that you can use the exchange in California because they fulfilled all requirements for that state (which does not require a license). Everyone knows that the licensing requirements are different for each state. That is why there is no US Bitcoin exchange. They can act as money transmitters by registering with FinCen but need to meet the various laws of each state. Either way. I will leave this to the lawyers that thrive quite well in the US, especially in California where you can just get your law degree online. I'm glad I no longer live there and would never think to set up a business there. Title: Re: Circle jerk Post by: Come-from-Beyond on February 02, 2015, 03:49:37 PM Title: Re: Coinbase pissed off some people with lawyers Post by: Amph on February 02, 2015, 04:21:25 PM so now they can't recover bitcoin anymore, after they dumped their million, which caused the price to collapse
Title: Re: Coinbase pissed off some people with lawyers Post by: BayAreaCoins on February 02, 2015, 08:19:09 PM And I can see why you would rather settle out of court. The mere threat of a lawsuit is always good for a few bucks from a company trying to hold a good reputation that has a bit of money. I'd rather not shit on Bitcoin any more than Coinbase already has. It isn't a threat and I'm happy to go sit in court. I'll respect the judges decision either way, but I pray it is favorable for the Rick Rolled victims. Fuck "their" money. I'm just worried about mine and my friends. Motivating bureaucrats is hard, but a sure way to do it is if you give them the impression you are toying with them. BOOM^ Charlie Lees response is nothing but toying with us. Same with their shills. I know what you did last Sunday... http://cdn.screenrant.com/wp-content/uploads/I-Know-What-You-Did-Last-Summer-Remake-What-Are-You-Waiting-For1.gif Title: Re: Coinbase pissed off some people with lawyers Post by: picolo on February 03, 2015, 02:29:57 PM Something they never announced. And since California does not require a license to exchange bitcoins, there is no license to acquire. Even the California "warning" said Coinbase didn't have a license, and they are considering what such a license would look like were it to exist...which it doesn't. Coinbase assumed they don't need a license in California based on their research, they then announced that they are opening a licensed Bitcoin exchange. No mention of being specifically licensed in California, but it could lead to the assumption that they were in fact licensed to operate a bitcoin exchange in California (which they can not, since the assumption that there is no licensing) Now then what happened was that the state of California went out and denied they ever gave Coinbase a license. Now that can mean two entirely different things: Either Coinbase is correct in the assumption that they don't need a license, so the claims they did lead people to believe they have some sort of official standing while they are not make sense. Or their assumption is wrong and they actually would need a license to operate in California, in which case they lied and are fucked so much they stand no chance in curt. Either way they are fucked in New York, since they do require a license there they haven't got that and they lead customers to believe they did. And their "clever" choice of words does make it worse for them, since the complaint is that is part of their deception. You see being "clever" about wording when dealing with bureaucracy is an incredibly stupid thing to do. Motivating bureaucrats is hard, but a sure way to do it is if you give them the impression you are toying with them. Coinbase did open a licensed exchange. If I'm in Michigan and get pulled over the cop can ask for my license I can present my Florida drivers license. I am a licensed driver. Coinbase is licensed. I am sure they can prove it easily, they just have to prove it for one state. Their website showed that you can use the exchange in California because they fulfilled all requirements for that state (which does not require a license). Everyone knows that the licensing requirements are different for each state. That is why there is no US Bitcoin exchange. They can act as money transmitters by registering with FinCen but need to meet the various laws of each state. Either way. I will leave this to the lawyers that thrive quite well in the US, especially in California where you can just get your law degree online. I'm glad I no longer live there and would never think to set up a business there. California has high taxes and very heavy governement intervention on your freedoms but it used to be great to live there and still is if you have enough money to sustain the high costs imposed by the State |
