Can we reopen this pull request? (remove Classicbase from bitcoin.org)

[Lauda]

I don't care what the CEO says, it's a web wallet.

Over the next year or so, you’ll see the Coinbase brand shift from being a hybrid wallet/exchange to focusing on purely being a retail and institutional exchange.

I don't think you'd want new users landing and staying there.

technology that may or may not exist some 2 years from now

Quite a random number.

and which will probably require a radical degree of centralization in order to run properly

It certainly does not.

[Cuidler]

I don't think you'd want new users landing and staying there.

If Coinbase disallow its use as a wallet then yes, delisting makes sence. But until it happens, just a warning this might happen in future (based on official Coinbase statements) should be enought (and politically correct).

and which will probably require a radical degree of centralization in order to run properly

It certainly does not.

It is know fact these Lighting Network "hubs" work as centralized servers where once users are under certain hub operator they have incentive to stay there and doing microtransactions only there rather than make another Bitcoin onchain transaction to settle funds and open new Lighting Network hub with another Bitcoin onchain transaction (probably expensive one if Core is right). The centralization comes from the incentive of users staying and keeping locked Bitcoins on one such most used Lighting Network hub for offchain transactions between its users - its like facebook analogy, everyone is there because its most used

[AliceWonderMiscreations]

I don't care what the CEO says, it's a web wallet.

Over the next year or so, you’ll see the Coinbase brand shift from being a hybrid wallet/exchange to focusing on purely being a retail and institutional exchange.

I don't think you'd want new users landing and staying there.

Well right now it is the only easy way to legally buy bitcoins in the United States.

Where else are they suppose to buy them?

[Lauda]

It is know fact these Lighting Network "hubs" work as centralized servers where once users are under certain hub operator they have incentive to stay there and doing microtransactions only there rather than make another Bitcoin onchain transaction to settle funds and open new Lighting Network hub with another Bitcoin onchain transaction (probably expensive one if Core is right).

There is an incentive to run a hub, not a incentive to use one (from what I know). What are you talking about? This might be off-topic but I'd like to hear the answer.

Well right now it is the only easy way to legally buy bitcoins in the United States.

Where else are they suppose to buy them?

Buying Bitcoins on a website is one thing, using it as a wallet is another. I think that they should remove Coinbase or list it somehow differently (there were discussions on Github apparently).

[Cuidler]

There is an incentive to run a hub, not a incentive to use one (from what I know). What are you talking about? This might be off-topic but I'd like to hear the answer.

First incentive for user is dont close the LN hub chanel to release his locked Bitcoins because by the look of things onchains transactions can be costly in future and might taking long to confirm.

Second incentive for user is to use and keep locked Bitcoins on one LN hub where most other users are because it allows cheap and instaneous offchain transactions between users of the same hub. Thus only having one LN hub operator serving all Bitcoin users is prefferable for users.

[25hashcoin]

https://www.reddit.com/r/Bitcoin/comments/495xyq/reminder_coinbase_is_centralization/d0pencq


What more do you need? Not a wallet. From Classicbase CEO himself.

[chopstick]

Funny how they try to say coinbase is centralization, but you don't *HAVE* to use their service. Blockstream however has obtained centralization of Bitcoin Development and is now forcing their vision of what Bitcoin should be onto everyone. No choice involved. Anyone who disagrees with them by running a Classic node or if a pool operator enables Classic mining they also get DDoS'd. How democratic of them!

[Lauda]

Funny how they try to say coinbase is centralization, but you don't *HAVE* to use their service.

It kind of is.

Blockstream however has obtained centralization of Bitcoin Development and is now forcing their vision of what Bitcoin should be onto everyone.

They haven't.

Second incentive for user is to use and keep locked Bitcoins on one LN hub where most other users are because it allows cheap and instaneous offchain transactions between users of the same hub. Thus only having one LN hub operator serving all Bitcoin users is prefferable for users.

Locking coins has nothing to do with a LN hub. However, we should not continue this discussion in this thread as it is off-topic.

https://www.reddit.com/r/Bitcoin/comments/495xyq/reminder_coinbase_is_centralization/d0pencq
What more do you need? Not a wallet. From Classicbase CEO himself.

Exactly. There is a suggestion to create a separate listing for "banks" (or whatever term is decided) where Coinbase and similar services would be put.

[25hashcoin]

Bumping after this: https://twitter.com/brian_armstrong/status/708828921291145216


Classicbase can't be trusted.

[Lauda]

Bumping after this: https://twitter.com/brian_armstrong/status/708828921291145216


Classicbase can't be trusted.

How can anyone still support Brian Armstrong when he tweets lies like this - "BitcoinClassic is now the most popular node software! Not only is he openly lying in order to manipulate, he's supporting the Sybil attack.

[AliceWonderMiscreations]

Bumping after this: https://twitter.com/brian_armstrong/status/708828921291145216


Classicbase can't be trusted.

How can anyone still support Brian Armstrong when he tweets lies like this - "BitcoinClassic is now the most popular node software! Not only is he openly lying in order to manipulate, he's supporting the Sybil attack.

Yeah I stopped using coinbase after his last several blogs. I can't tolerate him anymore.

Now I have to buy my bitcoins from sources that technically are not legal. But at least they are moral.