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Author Topic: Breaking News- Coinbase Raises $25 Million From Andreessen Horowitz  (Read 926 times)
eatrader (OP)
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December 12, 2013, 06:28:51 PM
 #1

http://www.cryptocoinsnews.com/2013/12/12/coinbase-raises-25-million-andreessen-horowitz/

Big for the Bitcoin community to have these guys in this big.
insertcoolusername
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December 12, 2013, 06:32:03 PM
 #2

That is a big deal.  Congrats to coinbase, and to btc
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December 12, 2013, 06:35:03 PM
 #3

Big news indeed. This guy invested in Facebook, Groupon, Twitter, Skype, etc if I recall


Quick question though, what is the main difference between Bitstamp and Coinbase? How come Bitstamp allows buy/sell limits but Coinbase doesn't? Is there a reason Coinbase has a limit to how many BTC you can buy? Does Coinbase also allow business to use bitcoins like BTC-e?

Just trying to understand the difference between these exchanges and how/if Coinbase falls short. (Sorry not trying to derail the thread)




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medUSA
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December 12, 2013, 06:45:25 PM
 #4

This is a big deal for bitcoins! With $25M funding, and a new trusted board member, it would be safe to assume Coinbase wouldn't be running off with our coins if they get "hacked"  Tongue
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December 12, 2013, 06:50:46 PM
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Quick question though, what is the main difference between Bitstamp and Coinbase? How come Bitstamp allows buy/sell limits but Coinbase doesn't? Is there a reason Coinbase has a limit to how many BTC you can buy? Does Coinbase also allow business to use bitcoins like BTC-e?



Coinbase is not a full-fledged exchange like Bitstamp; I assume because of the legal-ramifications in the US of doing so. I'd watch for Coinbase to announce a full exchange, though... This round of funding is probably large enough for them to get money-transmission licenses in most states, thereby paving the way for them to operate a full exchange in addition to their existing services.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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December 12, 2013, 06:51:54 PM
 #6

Great news

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December 12, 2013, 07:04:38 PM
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Quick question though, what is the main difference between Bitstamp and Coinbase? How come Bitstamp allows buy/sell limits but Coinbase doesn't? Is there a reason Coinbase has a limit to how many BTC you can buy? Does Coinbase also allow business to use bitcoins like BTC-e?

Coinbase is kind of like the Paypal of bitcoin. You can buy and sell (similar to Paypal's deposit and withdraw) with your bank account. And you can accept bitcoin payments and send payments to others.
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December 14, 2013, 05:09:33 PM
 #8

ooooooooo we should be so happy that now NSA or CIA offer us wallet for bitcoins....

Greg Kidd worked at Booz Allen the same as Edward Snowden, and Garry Tan worked at Palantir:
http://rt.com/usa/palantir-fundraise-million-sec-546/

debit cards websites are companies registered in London by Lithuanians who demand from you your phone, ID and utility bill, that's enough for them to make offshore companies on your name without your knowledge and they can get a bank account and make financial crimes on your name, or they can simply sell IDs. don't give to anyone too much info.
why they need more than your ID when your local bank demands only ID?
don't use coinbase, they are NSA spying shit, they make database of people that use bitcoins.
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