I am in Los Angeles, and I sympathize, as I am also working through issues with Coinbase's trust algorythm.
I came across your post accidentally through a search looking for similar issues, so I may be too late to assist, but happy to do so if I am not.
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Why was my order "High Risk" and cancelled?
Last Updated: May 15, 2013 07:04PM PDT
Because of the inherent risks that accompany selling bitcoin (an irreversible payment system) with traditional payment methods (which are reversible), we use machine learning algorithms to determine the probability of a purchase being fraudulent. We do this for the protection of consumers and Coinbase alike.
These algorithms are still being tweaked and are not perfect. If you've been unfairly flagged, we genuinely apologize. Our prediction abilities get better every single day, and false positives are an unfortunate but necessary part of the learning process. If you believe that you've had an order incorrectly cancelled, contact us at “support@coinbase.com” and we can manually review the transaction.
How come then there has been not a single order "canceled due to high risk" when the price of bitcoin has gone DOWN since initiating the buy. The answer: there is none. Coinbase cancels purchases when they see fit and when prices of bitcoins rise rapidly, thus padding their pockets further because coinbase buys/sells the instant you buy/sell with them, preserving they make 1% margin. If they cancel a purchase after the price has risen from $100 to $106 then they can sell that bitcoin they already sold for a higher price to their coinbase users. THAT is why they cancel them. Please do feel free to show MULTIPLE examples of them canceling orders where the price has decreased drastically, and I will remove this post. . This. The funny thing is dumbasses don't see it and keeps trying coinbase and magically their txn isn't canceled when BTC drops. Stop using coinbase if you don't like it, otherwise use it and shut up. Thanks for the advice, but I find this conversation useful so I hope you don't mind if we continue the discussion? This was my first purchase with them. (I usually have excess coins but wanted to test their purchasing process.) My account with them is fairly new a month or so, with a few sells in it that had no problems. I have contacted their support as listed. Will see if anything comes of it. I remain interested in the experience of others using the service. I've also opened a second purchase to test further. They are tiny buys, 4 and 5 coins. |
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If you get complete releases from all participants, the license under which you release it matters less.
Folks will have to trust that you aren't going to sue them anyway no matter what license you use.
The release is for your protection, so arguably more important to you. You aren't going to be attacking other reproducers of it so the license is just to facilitate the comfort of those reproducers...
Something like this should suffice:
The undersigned hereby authorizes the BITCOIN DOCUMENTARY and their
appointed agents to photograph, videotape, audio record, televise, duplicate, and/or
transfer to any present or future technology,
__________________________________, Dates:_______________________
(Name of participant, PLEASE PRINT)
while a participant in the BITCOIN DOCUMENTARY program, and agrees that the BITCOIN
DOCUMENTARY, its authorized agents, employees and assignees may use the
photographs, videotapes, and/or audio recordings prepared there to reproduce, exhibit,
publish, or distribute in such a manner as they deem fit, globally, without limitation. No compensation will be paid
for this use.
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Imagines the manual tracking through 100's of posts XD
Lol
It would be much easier if forecasters posted pictures of their calls. Yes, even nicer would be a seperate thread for forecasters, where they can make their public prognostications for grading. If only that would corral them all into one place and those not corralled could be told to post there or not be considered serious, as most seem not to be anyway (the "goin' to the moon" or "worthless monopoly money" etc). The vain hope is that it would diminish the hubris of imaginings that the future is visible. |
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I don't get the issue. You walk into someone's house, they serve you cookies and you have a nice chat. If you do things they don't like they can ask you to leave. So every home owner is a dictator in their home. That is appropriate. You have the right to refuse service to anyone for almost any reason. The world is too large to be petty.
We had this house topic already... I think you cannot compare a house with a buisness. But before I write something down I just quote HollowIP.
In all fairness, business is private property, but if you fire someone for being Muslim or, let's say Swedish (because thats the example used) then that is highly illegal, and obviously not right.
Just imagine a grocery store would not sale you any food because you also buy in another one. Would you think this is right? Thomas If you are advertising in one store for their competition, you might be asked to leave. If you don't cease, you might be more than asked. It may be a bad business policy, but it is also the right of the store owner to do so. It is also the right of those asked to leave to point out that business policy in public places like this one. It is the sort of problem that usually solves itself. |
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There are some very good innovations to protect against this in future pieces. The new models should be improved.  In the mean time there are these: https://bitcointalk.org/index.php?topic=269535.0Bitcoin Bullion pieces (they don't store coins inside). |
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No technical development is needed. Just business development, a little marketing, a website, a payment gateway. The technology for this is old and already deployed.
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Why not just gateway for boingo or ipass or BT Openzone?
I have heard of some of those, but do they take BTC? If so that's great. I just don't like giving my banking info so I can send an email from the airport. They don't, point being I can set up as a reseller of these, accept your bitcoin purchases, and job is done. Globally, all airport, hotels, and cities everywhere. There is no technical problem whatsoever for setting up a global WiFi ISP. It is a business problem only. I know product managers at these companies. It can be done. It isn't even hard, the question that will make it happen is whether there is a market. If there are close to 100 subscribers globally, its going to be worth doing. If we want additional privacy features, all that takes is setting up a RADIUS server and running RADIUS proxy through it for authentication, accounting and billing. |
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The risk may be them not making enough?
They have all my information. I've been with the linked bank for 20+ years and have many accounts there. I really don't know what else the risk might be.
I'm just testing the service, looking for reliable business partners. The volume they can clear for me isn't large but I'd like to see that it reliable at least.
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20 hours... going once.... |
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Why not just gateway for boingo or ipass or BT Openzone?
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Then I guess guns are inefficient, ineffective, and unnecessary.
Beep! Wrong conclusion. Would you like to try again? M I'd give him that opinion, if it would stem the irrational fears he has adopted which are causing him to unjustly launch these incessant assaults on your property rights. |
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I am in Los Angeles, and I sympathize, as I am also working through issues with Coinbase's trust algorythm.
I came across your post accidentally through a search looking for similar issues, so I may be too late to assist, but happy to do so if I am not.
=============
Why was my order "High Risk" and cancelled?
Last Updated: May 15, 2013 07:04PM PDT
Because of the inherent risks that accompany selling bitcoin (an irreversible payment system) with traditional payment methods (which are reversible), we use machine learning algorithms to determine the probability of a purchase being fraudulent. We do this for the protection of consumers and Coinbase alike.
These algorithms are still being tweaked and are not perfect. If you've been unfairly flagged, we genuinely apologize. Our prediction abilities get better every single day, and false positives are an unfortunate but necessary part of the learning process. If you believe that you've had an order incorrectly cancelled, contact us at “support@coinbase.com” and we can manually review the transaction.
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For one thing, I would like to see the "experimenters" such as Zero Coin, and MasterCoin try out their new changes on Litecoin rather than on Bitcoin. Just my humble opinion but it seems more like a place to try the new, than to monkey with Bitcoin's blockchain.
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From George Mason too. This ought be read carefully.
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Well, it eventually moves weath distribution from a Nash Equilibrium to a Pareto Efficiency, because Bitcoin does not advantage someone simply for having great wealth. Bitcoin advantages those who can do a good job of managing risk. And in that game, buy-and-hold, and DCA are hard to beat.
If it were only a Nash Equilibrium and Pareto Efficiency wouldn't it also be a Prisoners Dilemma due to Metcalfe's law? (Without a growing population of users from inter-economic activity in the new currency it gains no value.) But there is a growing population of users. ... There is no unitary preference for an outcome that would guarantee the positive feedbacks of a Prisoners Dilemma. Except if all are buy-and-hold. ... I think we agree about most all of this and that I am probably just being picky. |
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The temperance and perspicuity you display is admirable.
The fact that such an offering could be done by an unscrupulous scammer does not make you one.
Holding the tool vs distributing it is an interesting choice. Would you care to comment on that?
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Its also a series of tubes where you cannot just dump stuff on it.
Didn't they upgrade the tubes to parallel a while back? It would be interesting to see some more research on the psychological effects of surveillance. Conformity vs non-conformance Effects on intimacy. Effects on creativity Intrinsic motivation for ethical behavior vs extrinsic Anxiety Shame Exhibitionism |
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