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opentoe (OP)
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November 29, 2013, 05:39:54 AM
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Who the heck is buying a bunch of bitcoin for over $1000 that Coinbase ran out of them?

From Coinbase:

"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Thursday Dec 5, 2013 at 12:38AM EST after your funds have arrived. read more"
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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thomas_s
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November 29, 2013, 05:57:46 AM
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Quote from: opentoe on November 29, 2013, 05:39:54 AM
Who the heck is buying a bunch of bitcoin for over $1000 that Coinbase ran out of them?

From Coinbase:

"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Thursday Dec 5, 2013 at 12:38AM EST after your funds have arrived. read more"



No one, this happens when the volatility of the exchange is really high, they basically pause purchases, check back when everything evens out (usually in about an hour or so)
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November 29, 2013, 06:20:47 AM
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Ahhh...so their reliability drops big time when the BTC market changes too quickly. Good to know, I did not know that. Thanks.
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