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Author Topic: Once Coinlab takes over Mt. Gox, why would anyone use Coinbase?  (Read 1043 times)
titus (OP)
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March 07, 2013, 10:58:12 AM
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It seems to me that people use Coinbase because they can buy bitcoins at 1% over Mt. Gox from their bank account. This beats (?) using Mt. Gox directly because of ease of use and no bank transfer fee. 

Now when Coinlab takes over Mt. Gox, and the fee goes down (for US folks), what's the benefit to continuing to use Coinbase?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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March 07, 2013, 11:33:19 AM
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I think Coinlab will adapt. No one wants bitcoin to be controlled solely by Coinlab and Mt.Gox. Just take a look at the clusterfuck this past crash has been because of the bottleneck in the system.

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