I don't see almost any problems with this aside from the inconvenience and potential small loses. However, there could also be potential gains if the price rises before the customers receive their Bitcoins. I'm assuming that they will receive them at the price that was on the date of the purchase. I do wonder why the chose to 'refund' solely with Bitcoin. Please let us know if you have incurred additional bank fees as a result of this error, and we will work with you to refund those.
Seems okay to me. Not sure why this should be "BREAKING" news? So if you ordered 1 (one) item from Amazon and got billed for 2 (two), and when you noticed the double charge, Amazon said, "no worries, you can keep the second item", you would be okay with that?  lol Welcome to the shady world of Bitcoin. |
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 After receiving numerous complaints from its customers, Coinbase has decided to credit the affected accounts with Bitcoin rather than refunding the victims of its double billing “glitch”. Sometime around August 28, Coinbase began charging many of its customers twice for each bitcoin order placed. --- Dear valued Coinbase customer,
Coinbase recently discovered that some purchases placed between 8/28 and 9/1 have been mistakenly duplicated. Your bank account may have been charged twice for a single buy order as a result. We identified your account as one of those affected, and we sincerely apologize for any inconvenience this caused you.
Because the initial ACH debit and the duplicate ACH debit have both processed on your account we will be crediting your Coinbase account with the correct amount of bitcoin for each order from both the initial buy and the duplicate buy. This credit will take place early next week when the ACH transfer has completed.
From there you may sell this bitcoin back to your bank account and reply to this message with any additional questions you may have. Please let us know if you have incurred additional bank fees as a result of this error, and we will work with you to refund those.
Thank you for your understanding in this matter. If there is anything else we can help with, please let us know immediately.
Our sincerest apologies,
Coinbase Support Team--- Since Coinbase holds bank funds for approximately one week before crediting customer’s accounts with purchased bitcoins, this means the company now holds both the duplicate funds and all the ordered bitcoins. While at present, its customers are left with nothing but double-dipped bank accounts. Coinbase is a bitcoin wallet and exchange company headquartered in San Francisco California, founded by Brian Armstrong and Fred Ehrsam. It operates exchanges between bitcoin and fiat currencies in twenty-six countries, and bitcoin transactions and storage in 190 countries worldwide. Full Story: http://altcoinpress.com/2015/09/breaking-coinbase-decides-not-to-refund-customers-in-double-billing-glitch/ |
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Hundreds of coins out there. Which ones should be on your radar?
I would probably pick the one with the best name, most resilient community, and most creative developer! |
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LTC is about to come to its first halving. The natural outcome would be for the price to go up, however since a month ago after the pump and dump the price seem to be slipping downwards.
LTC has some features that make it far better than bitcoin so I personally think we should see it go up!
What's your take on Litecoin?
The halving is already priced into the market's valuation. I would look for LTC to trade in the $3 to $4 range for the foreseeable future. |
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I'm getting ready to fire up the Goldcoin Report™ again. Should have a new show ready this weekend! |
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The bitcoin core developers are apparently modeling their management style after Mark Karpeles.  Go with 8MB blocks and then fork again later. This is not rocket science. |
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Do you think Gavin has knowledge of who or how to reach Satoshi?
I have it on good authority that Satoshi is currently living inside a crawlspace in Gavin's home. Late at night he emerges and they enjoy a couple games of chess with tea, ...and occasionally a man hug. Then he slips back into the woodwork and reads various Indian spiritual texts by candlelight. |
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So Now the ETH is officially listed at both Poloniex and Cryptsy and the first few days have been a wild ride up what are everyone's thought on the long term outlook of the coin?
I'd say over the coming weeks, we'll see it settle down somewhere in the $20,000,000 marketcap range. Tough to call, but that's my wild guess. |
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The halving is already priced in to LTC. If Lee should resign from Coinbase and dedicate himself full-time to Litecoin, then it would be time to invest.
Otherwise, we'll most likely be trading in this range for the foreseeable future.
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At the moment, I'm half in BTC and half in GLD. I feel like the Bitcoin block size debate will be settled soon, and that the new multi-coin Goldcoin java client (coming this month) will surprise and amaze. |
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The Bitcoin subreddit has been heavily censored for months. I think this is just the first time people are starting to really notice.
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I have read many pages of this problematic, so I would also like to hear the opinions of the community on this matter. There are some people claiming that this split can destroy Bitcoin, on the other side, some others claim that nothing major will happen.
What are your opinions? Please be specific and serious!
I'm not sure about destroying Bitcoin, but its subreddit sure is taking a hit today: https://www.reddit.com/r/bitcoin |
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Cryptosolar and I are reviewing this thread daily and will be adding 2 more people to the payroll next week! Positions available >> https://www.gldtalk.org/index.php?topic=3186.0If you're interested in working for Goldcoin, please tell us a little bit about yourself and your skills. |
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Akumaburn is building a new block explorer that when completed will serve as the official Goldcoin (GLD) block explorer. Check it out: http://miningpool.net/explorer/gld/The explorer is still under construction, but your helpful suggestions are always most welcome! |
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Perhaps this is not the best coin for Auto-Switching pools. I believe that was the intent.
Yes. For the most part, auto-switching multi-pools are the antithesis of the collaborative community spirit needed for cryptocurrency survival. Parasitic mining behavior rewards the miner alone, while returning zero benefit to the crypto ecosystem in which it feeds. Goldcoin welcomes, supports, and encourages, responsible mining behavior. This means caring about the condition of each individual network in which you participate and thus affect. |
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lol orphans built into the system is pure genius? and its based on fluctuating hash rates on top of it?
well sry to say but thats kinda the world of hashing
and if fluctuating hash rates cause more orphans that is no where near genius that is a problem that needs to be addressed
since the majority of scrypt pools are autoswitching
this is not just effecting dumpers, cuz i am not one
i was mining to hold but now no longer
good luck with this one im staying away completely now
You guys must be new ..this has been default behavior since 2013. |
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