[2017-08-31] As bitcoin surges in price and popularity, so do the complaints

[tyz]

As bitcoin surges in price and popularity, so do the complaints

The number of complaints about virtual currencies filed with the U.S. Consumer Financial Protection Bureau has increased from seven last year to a projected 425 this year. Complaints filed against wallet provider Coinbase have risen from six in 2016 and to 288 so far this year. Regulations have tightened as cryptocurrencies such as bitcoin have risen in value and popularity.

https://www.cnbc.com/2017/08/30/bitcoin-is-surging-in-price-and-popularity-but-so-are-the-complaints.html

[1715409143]

1715409143

[1715409143]

1715409143

[1715409143]

1715409143

[aso118]

This is actually a small fractions of the complaints people have. Not all problems get reported. Moreover, some of the bitcoin related problems might be classified incorrectly under some other head. Expect this to rise as Bitcoin becomes more valuable.

[BitHodler]

It's one thing that services have found themselves in a difficult position in terms of keeping their platform running properly due to the increased traffic, but it's a completely different thing that they aren't fixing these annoyances.

Instead of investing in expanding their server capabilities, they are trying to tweak their code here and there, close certain non profitable sections, just to avoid having to invest into their platform ~ it's pathetic.

Coinbase is the largest wallet provider in the world, with a solid cash flow, but yet they aren't putting any of their money to work. This for me is reason enough to ditch Coinbase for a far better alternative.