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They are in administration - if you'd been watching the alt section you would have known that a receiver has been appointed two months ago and is in the process of auditing their accounts.
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What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.
They have added alts because they think the blocksize problem means that bitcoin won't make it and they are positioning for a MySpace => Facebook move should it happen.
It is worth noting that both BTC-E and Gemini have come to the same conclusion and have both added Ether in the last month...
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I'm experiencing deja vu. This is exactly the attitude bitcoiners had in early 2014 when the price was $1000. We know how that ended. I consider OP's post to be a sell signal for Ether.
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Despite the mocking comments, most people in this nut house would have agreed with them back then  At the time there was a thread in the speculation sector where this guy was talking about taking out a loan to buy bitcoin (and the price was already at $1000). Several people tried to talk him down, saying don't borrow, but he'd started the thread to convince himself, didn't really take on board what people were saying and pulled the trigger. He was convinced he'd be rich within six months. I don't think we heard from him again. |
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http://www.wsj.com/articles/bitcoin-catches-on-with-gold-bugs-1463959897In April, volatility in bitcoin’s price fell below that of gold for 28 consecutive days, the longest period in its history. Bitcoin volatility also briefly dropped below that of another flight-to-safety trade, the Japanese yen, according to data from FactSet and CoinDesk.
...Bitcoin has become “a store of value for those concerned about other asset classes,” said Gil Luria, head of technology research at Wedbush Securities. “Gold used to be the only refuge for those who have grave concerns over the global economy and monetary system.”
The gold market dwarfs bitcoin. The amount of money in bitcoin is estimated at $6.8 billion by bitcoin wallet provider Blockchain. The over-the-counter gold market trades between $150 billion and $240 billion a day, according to the World Gold Council. Holdings in gold-backed ETFs are close to $80 billion.
...“I’m not ready to give up entirely on gold,” Mr. Stahl said. But “in the next 10 years, there will be a cryptocurrency alternative.”
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Too bad they did not get all coins. I am positive Vernie got some coins away from being company assets and thus it's not taking in account. Which means investors/clients will not get their rightfull coins back. Also bear in mind that the receiver will need to be paid, so some of the coins will be sold to pay his costs, users won't get back the whole amount. |
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Bitcoin will die after halving, price wont increase much and it wont be profitable for most people to mine so the mining will concentrate in china. I mean, the halving hype is already included in the curent price since it wasnt a secret for anyone.
What if bitcoin doubles It won't. The first halvening coincided with bitcoin going mainstream and the Cyprus crisis. There is nothing this time to give it a fillip and plenty of things to make hodlers sell. |
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I'm not much of a redditor. I'm guessing folks trying to decide whether or not to use coinbase are as likely to check the temperature around here as anywhere
Coinbase don't come here because they arn't welcome (Coinbase is in favour of increasing the blocksize but the owner of this forum isn't and doesn't want them around). It is easy to make a reddit account as you don't need to verify your email - just think up a username and password, click register and a second later you are free to post. Make a thread on their subreddit and they should be able to help you are resolve your issue. |
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On paper digital money sounds more secure than cash but I fear there will still be issues like outages in the network when your account won't be accessible or someone gaining access to your account and your account getting frozen for a long time while the investigations of who hacked into it continues etc. If you are solely dependent on your online bank account to pay for everything and out of the blue you are cut off from your money you are basically done for without paper money. You can't even buy food for the day  This. There have been a few outages in the UK (I think it was NatWest) and loads of people bought petrol went to pay and found their card didn't work. But petrol station understandably not willing to let them leave without paying, queues building up for other people wanting to fill their cars, etc etc. Also people in supermarkets finding themselves unable to pay because outage on the card - but at least with supermarkets you can just leave the groceries behind - with the petrol station scenario, people had already filled up. Always carry some cash for emergencies, people. |
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Coinbase won't be reading this. They don't come to this forum. You need to contact them on reddit: https://www.reddit.com/r/CoinBase/Make an account on reddit, post up a thread with your problem in the coinbase subreddit listed above. If you are having problems, you can private message the mods (you'll find their usernames at the bottom of the right hand column of their subreddit. |
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I don't understand why Trump would want to visit before the Presidential election. After maybe, but what does he gain by going to Britain before?
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Coinbase should have a fulltime rep here to handle any issues
Their support people were being banned by Theymos on the bitcoin subreddit, and probably figure they'll get banned here too, which is why they don't have a presence on bitcointalk anymore. OP should start a thread on the Coinbase subreddit, and one of their mods should be able to help: https://www.reddit.com/r/CoinBase/or send a private message directly to Brian Armstrong: https://www.reddit.com/user/bdarmstrongwhy where they banned Armstrong tweeted support on twitter for Classic. Theymos then decided to take revenge on the Coinbase support staff on the bitcoin subreddit (even though they weren't talking about classic at all, but were only dealing with support issues such as people having difficulties with deposits). It was a dark episode, which has resulted in Coinbase thinking that it's future lies outside the Bitcoin space, hence the reason they are rebranding as a digital wallet rather than a bitcoin wallet, and are adding Ether and LTC. When you realise that Coinbase have 10% of all bitcoin reserves it is serious stuff. |
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Coinbase should have a fulltime rep here to handle any issues
Their support people were being banned by Theymos on the bitcoin subreddit, and probably figure they'll get banned here too, which is why they don't have a presence on bitcointalk anymore. OP should start a thread on the Coinbase subreddit, and one of their mods should be able to help: https://www.reddit.com/r/CoinBase/or send a private message directly to Brian Armstrong: https://www.reddit.com/user/bdarmstrong |
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Yea I heard about this back in December 2013 when Bitcoin was worth around $900 I'd be curious to know how this story actually ended. Anyone knows what the Papa John's guys did with the BTC? Oh, the papa johns guys weren't involved directly. What happened was an American member of this forum said they wanted pizza but were broke, a Brit said "I'll order it for you if you pay me bitcoin". The bitcoins were sent, the Brit used his creditcard to order the Pizza from PapaJohns USA, and had it delivered directly to the American, who enjoyed his meal. Dunno what happened to that early Brit adopter who made such a great bargain! |
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Do all the altcoins have their own blockchain or are there ones that use bitcoin's blockchain?
They all have their own blockchains. To answer OP's question - most alts have faster confirmation times, so the blocks never get full. If you look at the following chart, Doge easily coped with 200k transactions a day back in Jan 2014, there were no backlogs. It was because they have one minute blocks. https://bitinfocharts.com/comparison/transactions-doge.htmlBitcoin gets stressed when the transactions per day reach 250,000 |
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It is over 450, in the same vein as some days ago. Small movements up and down but nothing too alarming.
This is completely normal. Rise above 450 ten tomorrow it goes back to under the 450 dollar. It's predictable and there is no clear indicator there is a break out coming. The ceiling seems to be $470. When it gets there, the blocks get full (people moving their coins to the exchanges), a backlog develops, the blocksize debate kicks off again and people start selling. |
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Cryptsy still has a lot of doge (including some of mine!). So all power to the receiver if he can resolve things and disburse the coins.
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Ethereum is planning on moving from PoW to PoS as well as trying to implement a variety of scaling improvements. Those are not "sure things" and if they fail to deliver on them, ETH will likely fall by the wayside. There is undeniable risk here that you should be taking into account. The fact that we are looking at "moon" situations here is premature. If you want to ride the wave, invest modestly and follow the development path to make sure we are on track before betting the farm. If we go through the next couple major development releases with no hiccups, then I think it will be fair to start the hype train up.
If they succeed they are in a unique position. The PoS thing alone means that they won't be at the mercy of Chinese miners. Instead exchanges can stake and supply themselves. It changes who has "control" of the currency, and that affects who wishes to hold it. |
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http://www.coindesk.com/bitcoin-miners-ethereum/The rush to capitalize on ether, the native cryptocurrency of the Ethereum network, is in full swing.
Among those interested are the world's miners, who operate vast networks of machines that process bitcoin transactions. Recent increases in the price of ether have sparked some bitcoin mine operators to expand their operations to cover it.
...t's the opportunity to generate profits on the back of Ethereum's recent successes that has arguably attracted some bitcoin miners. For example, the CEO of China-based BitBank, Chandler Guo took to Facebook to declare his plans to enter the ether mining ring. He wrote:
"I am a miner of #ethereum."
Guo, who was the subject of a recent profile by the BBC, made the announcement as part of what appears to be the beginning of a new crowdfunding campaign in which he’s offering 2 percent interest for every 100,000 ETH mined by the operation. On 12th May, Guo finished a successful crowdfunding campaign to collect 3,500 bitcoins at an offered interest rate of 14 percent.
Since then, Guo has begun sharing pictures from the Chinese operation, including the racks of graphics cards needed to mine ether.
Yet recent moves in the global mining space suggests that Guo is not alone among that community to at least test the waters of processing transactions on Ethereum as well as bitcoin.
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