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Author Topic: Do not use Coinbase  (Read 8201 times)
brian_armstrong
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September 17, 2012, 07:30:54 AM
 #21

Hello all,

First just let me say I'm sorry for the trouble in the past few weeks.  We indeed had a bunch of transactions go unconfirmed on the blockchain.  This was due to a feature we attempted to roll out that paid transaction fees on the user's behalf (which created some unconfirmed transaction chains).

We did some testing, and thought we had it down.  Obviously we were wrong.  That was my fault.

We've rolled it back for now so things appear to be back to normal.  I'm the first to admit we're still getting things "production ready" on Coinbase, so we won't come out of beta until we can safely say it's production ready.  We don't expect to earn your business unless we can execute on this and much more.  Thanks for bearing with us - we're in this thing for the long haul.
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paraipan
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September 17, 2012, 09:42:25 AM
 #22

Hello all,

First just let me say I'm sorry for the trouble in the past few weeks.  We indeed had a bunch of transactions go unconfirmed on the blockchain.  This was due to a feature we attempted to roll out that paid transaction fees on the user's behalf (which created some unconfirmed transaction chains).

We did some testing, and thought we had it down.  Obviously we were wrong.  That was my fault.

We've rolled it back for now so things appear to be back to normal.  I'm the first to admit we're still getting things "production ready" on Coinbase, so we won't come out of beta until we can safely say it's production ready.  We don't expect to earn your business unless we can execute on this and much more.  Thanks for bearing with us - we're in this thing for the long haul.

Two words... Bitcoin testnet

Edit: Keep up the good work guys

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September 17, 2012, 04:30:11 PM
 #23

Hello all,

First just let me say I'm sorry for the trouble in the past few weeks.  We indeed had a bunch of transactions go unconfirmed on the blockchain.  This was due to a feature we attempted to roll out that paid transaction fees on the user's behalf (which created some unconfirmed transaction chains).

We did some testing, and thought we had it down.  Obviously we were wrong.  That was my fault.

We've rolled it back for now so things appear to be back to normal.  I'm the first to admit we're still getting things "production ready" on Coinbase, so we won't come out of beta until we can safely say it's production ready.  We don't expect to earn your business unless we can execute on this and much more.  Thanks for bearing with us - we're in this thing for the long haul.

Thanks for this Brian.
brian_armstrong
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September 18, 2012, 02:07:47 AM
 #24


Two words... Bitcoin testnet

Edit: Keep up the good work guys

This is a good point.  We run about 100 tests on testnet before each deploy.  Unfortunately we didn't have a test case for the last problem that happened Sad  Race conditions in coin selection.

Thanks for the support though!  Really appreciate it.
MtGoxTraderBot
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September 18, 2012, 02:47:59 PM
 #25

Oof, thats gotta hurt.

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chrebel
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April 04, 2013, 03:42:59 AM
 #26

Just transferred .01 btc from coinbase to local wallet very quickly.  Another transaction of 1.3x btc not going nearly as fast.  Hopefully it gets to my local wallet eventually since I have already gotten an email from coinbase telling me the transfer happened.
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April 04, 2013, 12:57:11 PM
 #27

i also sent btc to and from them. it worked for me though.

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