Are you a gambler? STAY AWAY FROM COINBASE!

[the joint]

I think everyone's overreacting here, or at least those who are blaming Coinbase probably shouldn't be.  These changes were likely encouraged by their legal team.  They can't risk being caught knowingly helping others to fund illegal activities.

It's certainly over-the-top to suggest that Coinbase doesn't care about freedom.  That's completely unfair.

[Magicman420]

Yea won't washing your coins pervent them from knowing??  Just wash them 2 or 3 times

[alani123]

I think everyone's overreacting here, or at least those who are blaming Coinbase probably shouldn't be.  These changes were likely encouraged by their legal team.  They can't risk being caught knowingly helping others to fund illegal activities.

It's certainly over-the-top to suggest that Coinbase doesn't care about freedom. That's completely unfair.

I was not just blaming coinbase, I'm aware that they're following the law which tends to be strict. It's obvious that a multimillion dollar company doesn't want to take any legal risks but if you aren't aware of what's happening, they're shutting down accounts of people because of the law.

They would obviously have to monitor transactions in order to do this, bigasic mentioned that they have software that does this. But its not only that, accounts have been shut down just for receiving/sending coins to what is mentioned as an unlawful service. So if someone sends coins from Silk Road to an address of yours, coinbase has the right to terminate your account and deny you access to any of their services. All this even if you live in neverland and US laws should have no effect on you. In addition there would be a record of you engaging unlawful activities from a company that closely cooperates with central authorities.

Does that sound reasonable to you? A wallet that (aside of all the negative things I mentioned before) monitors your transactions and asks for your personal information? That's why I'm saying that using coinbase as a wallet service is madness.

[becapital]

coinbase was my first wallet too, and i decided to move my bitcoins to my multibit account, however i miss the feature that coinbase had which made a new address for every transaction, do you guys know and desktop wallets that does that because i cant seem to get it working with multibit.

Bitcoin core.

is there a way that i can see it happening? because i currently have it and it doesnt show me the transaction. thanks for your help

[alani123]

coinbase was my first wallet too, and i decided to move my bitcoins to my multibit account, however i miss the feature that coinbase had which made a new address for every transaction, do you guys know and desktop wallets that does that because i cant seem to get it working with multibit.

Bitcoin core.

is there a way that i can see it happening? because i currently have it and it doesnt show me the transaction. thanks for your help

If you don't see this in the bottom, it means that your wallet is not synced yet. There should be a bar showing you the progress of downloading the blockchain. This might take a while depending on your internet connection. Once your wallet is synced, you'll be able to see all incoming transactions.

[becapital]

coinbase was my first wallet too, and i decided to move my bitcoins to my multibit account, however i miss the feature that coinbase had which made a new address for every transaction, do you guys know and desktop wallets that does that because i cant seem to get it working with multibit.

Bitcoin core.

is there a way that i can see it happening? because i currently have it and it doesnt show me the transaction. thanks for your help

If you don't see this in the bottom, it means that your wallet is not synced yet. There should be a bar showing you the progress of downloading the blockchain. This might take a while depending on your internet connection. Once your wallet is synced, you'll be able to see all incoming transactions.

okay now im having another issue. Bitcoin Core is taking too long to confirm my receiving transactions, (from what i understand it takes an hour for the transactions to confirm but i cannot wait an hour) or is there another desktop bitcoin wallet that has the address switching feature of bitcoin core but has the instant confirmation of multibit? P.S. I really appreciate your help.

[Shogen]

okay now im having another issue. Bitcoin Core is taking too long to confirm my receiving transactions, (from what i understand it takes an hour for the transactions to confirm but i cannot wait an hour) or is there another desktop bitcoin wallet that has the address switching feature of bitcoin core but has the instant confirmation of multibit? P.S. I really appreciate your help.

On average, a bitcoin transaction with standard fee and no unconfirmed inputs should be confirmed in ~10 minutes, but it may also take just 10 seconds or more than an hour for the miners to find the next block.

Using different wallet clients won't change the confirmation time, as long as your transaction is broadcast to the network successfully.

[becapital]

okay now im having another issue. Bitcoin Core is taking too long to confirm my receiving transactions, (from what i understand it takes an hour for the transactions to confirm but i cannot wait an hour) or is there another desktop bitcoin wallet that has the address switching feature of bitcoin core but has the instant confirmation of multibit? P.S. I really appreciate your help.

On average, a bitcoin transaction with standard fee and no unconfirmed inputs should be confirmed in ~10 minutes, but it may also take just 10 seconds or more than an hour for the miners to find the next block.

Using different wallet clients won't change the confirmation time, as long as your transaction is broadcast to the network successfully.

So i should stick with Bitcoin Core? and it was just bad timing with my transactions?

[Shogen]

okay now im having another issue. Bitcoin Core is taking too long to confirm my receiving transactions, (from what i understand it takes an hour for the transactions to confirm but i cannot wait an hour) or is there another desktop bitcoin wallet that has the address switching feature of bitcoin core but has the instant confirmation of multibit? P.S. I really appreciate your help.

On average, a bitcoin transaction with standard fee and no unconfirmed inputs should be confirmed in ~10 minutes, but it may also take just 10 seconds or more than an hour for the miners to find the next block.

Using different wallet clients won't change the confirmation time, as long as your transaction is broadcast to the network successfully.

So i should stick with Bitcoin Core? and it was just bad timing with my transactions?

Well, it is up to you.

The problem of long confirmation time of your transaction was very likely just bad timing.
And if you don't have much problem storing the whole block data in your computer, I would suggest you to stick with Bitcoin Core. 

[sharkbyte093]

What are the extents of their definition of 'tainted coins,' because honestly that's what this is. How do they determine what coins are tainted? How many jumps from 'tainted' addresses before they are considered clean? Are they ever considered 'clean' if they were ever at a 'tainted' address?

This is precisely why we need something like Dark Wallet or Darkcoin. There wouldn't even be a discussion about this if it wasn't possible to trace the path of the coins.

[CryptoPleb]

Oooh better not gamble online, it hurts so many people, must only do it in real life then daddy is ok with it  

Like the guy above said, wash your coins through darkcoin, then cash out.

[becapital]

okay now im having another issue. Bitcoin Core is taking too long to confirm my receiving transactions, (from what i understand it takes an hour for the transactions to confirm but i cannot wait an hour) or is there another desktop bitcoin wallet that has the address switching feature of bitcoin core but has the instant confirmation of multibit? P.S. I really appreciate your help.

On average, a bitcoin transaction with standard fee and no unconfirmed inputs should be confirmed in ~10 minutes, but it may also take just 10 seconds or more than an hour for the miners to find the next block.

Using different wallet clients won't change the confirmation time, as long as your transaction is broadcast to the network successfully.

So i should stick with Bitcoin Core? and it was just bad timing with my transactions?

Well, it is up to you.

The problem of long confirmation time of your transaction was very likely just bad timing.
And if you don't have much problem storing the whole block data in your computer, I would suggest you to stick with Bitcoin Core. 

thanks ill stick with Bitcoin Core as i heard it helps improves the network (though i dont know if its true)

[trixnstones]

Mix your coins with DRK then let them try to track you 

How do they just "know" the major wallets to online gambling sites?  There's been some information sharing for sure.

[mistercashking]

coinbase is turning into paypal.

[BayAreaCoins]

Mix your coins with DRK then let them try to track you 

How do they just "know" the major wallets to online gambling sites?  There's been some information sharing for sure.

The exchanges sees bitcoins coming in the account and out of the account... DRK doesn't matter. (No offense)

[Magicman420]

Can anyone even confirm if this is true?? I'm thinking its only on people sending massive amounts of money back into the account looking to cashout into threre bank account ?

[BayAreaCoins]

Can anyone even confirm if this is true?? I'm thinking its only on people sending massive amounts of money back into the account looking to cashout into threre bank account ?

Just as easy to follow .001 as it is to follow 10000 on the blockchain.

[CoinsCoinsEverywhere]

I think everyone's overreacting here, or at least those who are blaming Coinbase probably shouldn't be.  These changes were likely encouraged by their legal team.  They can't risk being caught knowingly helping others to fund illegal activities.

It's certainly over-the-top to suggest that Coinbase doesn't care about freedom. That's completely unfair.

I was not just blaming coinbase, I'm aware that they're following the law which tends to be strict. It's obvious that a multimillion dollar company doesn't want to take any legal risks but if you aren't aware of what's happening, they're shutting down accounts of people because of the law.

They would obviously have to monitor transactions in order to do this, bigasic mentioned that they have software that does this. But its not only that, accounts have been shut down just for receiving/sending coins to what is mentioned as an unlawful service. So if someone sends coins from Silk Road to an address of yours, coinbase has the right to terminate your account and deny you access to any of their services. All this even if you live in neverland and US laws should have no effect on you. In addition there would be a record of you engaging unlawful activities from a company that closely cooperates with central authorities.

Does that sound reasonable to you? A wallet that (aside of all the negative things I mentioned before) monitors your transactions and asks for your personal information? That's why I'm saying that using coinbase as a wallet service is madness.

It sounds pretty reasonable to me.  Why would a company want to be involved in illegal activities?  What's the point of having laws if they're just going to be ignored?

Edit: And how would you expect them to be able to interface with fiat banking services without knowing who you are and monitoring your activities?  Having my identity attached to an account seems like a good thing.  Otherwise people could steal my money, and I'd have no way of proving it was ever mine to begin with.

[coins101]

I think everyone's overreacting here, or at least those who are blaming Coinbase probably shouldn't be.  These changes were likely encouraged by their legal team.  They can't risk being caught knowingly helping others to fund illegal activities.

It's certainly over-the-top to suggest that Coinbase doesn't care about freedom.  That's completely unfair.

This is just a taste of things to come.

Coinbase are operating to the letters of the current laws. They will have even more restrictions when BitLicences come out and other States start adopting them.

If you can't see the writing on the wall, then yeah, this sounds unfair.

The legal team at Coinbase will be advising the directors of Coinbase and the responsible shareholders. They are personally responsible and none of them will want criminal proceedings against them - not with a US justice system that operates on the basis of forced negotiations and strong arm tactics to obtain admissions of guilt instead of going to trial.

You have to remember that online gaming in the USA is illegal. That also means that US citizens using overseas gaming sites creates arrest warrants for the overseas gaming firms, plus those who facilitate the transactions.

Because the tools available to track bitcoins are common and relatively easy to use for firms such as Coinbase, they will have a duty to use them.

They are among the most able from a technical point of view to deploy block chain tracking. They would have no defense for facilitating or participating with illegal gaming on US soil - if that is what Federal and State law enforcement officials interpret as their actions.

Add to that the vested interests that forced the laws through to make online gaming illegal, who would be pushing for those that enable Bitcoin to be used to skirt around their laws to be arrested.

Sorry, but this problem is just the tip of the iceberg. that is the price for mass adoption of Bitcoin. Satoshi saw it in 2010 - please see sig for reference.

[Swordsoffreedom]

It sounds like were opening up a can of worms here.
That said all I know for certain is that if a service is monitoring and tracking every financial transaction with or without my consent and this applies to all users, I don't want any part of it.

Their is a reason that the law operates with the words innocent until proven guilty beyond the shadow of a doubt not from the perspective of if this is suspicious but we don't have enough evidence we will take preventive actions without our due diligence.
A precedent like this is concerning and its not what I would expect of a new financial industry there is compliance and then their is monitoring with a fine toothed comb for any mistakes.