Coinbase going busto? Numerous people not getting paid by Coinbase currently.

[Gogo ppp]

http://www.reddit.com/r/CoinBase/comments/2ep8i3/i_am_waiting_for_a_coinbase_sell_they_said_the_by/

[Wealthy]

I received a payment for 200$ a week before, not sure why this news exists.

Probably they are doing site maintainence..

[madken7777]

Sold around 2k worth of coin 2 weeks ago without problem.

Based on the respond on the thread, this problem only happen recently.

[Beliathon]

http://www.reddit.com/r/CoinBase/comments/2ep8i3/i_am_waiting_for_a_coinbase_sell_they_said_the_by/

Coinbase is fine. Back to work, peons.

[oceans]

I don't feel this is something to worry about. I know a few people myself who were paid out recently by CoinBase and they have had no problems at all. Possibly a small glitch in the system that was causing payments to not be made and people are jumping to conclusions.

[TrailingComet]

Get serious, given the amount of VC $ they have taken down, they are virtually certain not to run out of cash anytime soon
I have never encountered any problems

[Serge]

one of my sells is delayed since last wed. they say should come in soon. i have another order pending to clear next week.    if the issue occurs with the new pending order it will be a time to look for a new service provider for me.

[QuestionAuthority]

I can go by there if you want but someone needs to get me a good address. BBB shows them on Market st. but their website shows a drop pin somewhere in the SOMA. It's Saturday so they're probably not there and I can't spend a lot of time looking because I'm going to the North Beach Rager day party at 2.

[CreamyPie]

I don't think anything is getting out of track, because they can get sued if they even try to commit any theft/fraud.

[ensurance982]

Huh, I really don't know if this is the indication of another Mt. Gox happening. I always felt that Coinbase was a legit company. Have they been audited in some way? I mean it's difficult to audit a reserve, because they're no exchange per se...

[Xiaoxiao]

I wonder when they are going to re initiate the transaction i made back in october of 2013 as promised in which I was shorted a decent amount of money.   

[ensurance982]

I wonder when they are going to re initiate the transaction i made back in october of 2013 as promised in which I was shorted a decent amount of money.   

Huh? Could you elaborate? Was that some transaction that got cancelled or something? I guess you wrote the support? It surely won't take this long to be executed normally! But any info on this would be appreciated!

[itsAj]

I don't feel this is something to worry about. I know a few people myself who were paid out recently by CoinBase and they have had no problems at all. Possibly a small glitch in the system that was causing payments to not be made and people are jumping to conclusions.

I agree. Coinbase is a reputable company. It is important to understand that they likely only have a limited amount of cash they can give to their customers before they have to sell bitcoin on an exchange, withdraw fiat from the exchange, wait for the payment to clear then send the funds to their customer. This entire process takes time.

[Gogo ppp]

Huh, I really don't know if this is the indication of another Mt. Gox happening. I always felt that Coinbase was a legit company. Have they been audited in some way? I mean it's difficult to audit a reserve, because they're no exchange per se...

http://www.reddit.com/r/Bitcoin/comments/2dstwg/who_audits_coinbase/

[DavidHume]

I don't feel this is something to worry about. I know a few people myself who were paid out recently by CoinBase and they have had no problems at all. Possibly a small glitch in the system that was causing payments to not be made and people are jumping to conclusions.

I agree. Coinbase is a reputable company. It is important to understand that they likely only have a limited amount of cash they can give to their customers before they have to sell bitcoin on an exchange, withdraw fiat from the exchange, wait for the payment to clear then send the funds to their customer. This entire process takes time.

This implies there are more selling than buying on coinbase.

No wonder the price is going down.

[moriartybitcoin]

As I warned last year, coinbase is a scam/ponzi and bleeding money to hackers on the daily.

When they run out of VC money to fill the holes, they will go bust - just like MtGox!

[Gogo ppp]

http://www.reddit.com/r/CoinBase/comments/2ep8i3/i_am_waiting_for_a_coinbase_sell_they_said_the_by/

Coinbase is fine. Back to work, peons.

Coinbase may very well be fine.

However, being told "Coinbase is fine" by an unknown person on the internet is meaningless.

What is meaningful are the numerous problems many encounter in dealing with this company, of which the Reddit thread is one of the latest examples.

[Gogo ppp]

One thing that disturbed me about this company from the start is that they are trying to be a financial powerhouse, and yet they couldn't afford an adequate number of customer service people.

A few months ago in their email newsletter they made a big deal of the fact that they had hired some cs people (an inadequate amount, judging by the difficulty in finding a live chat person most of the time).

Amazing that people will accept almost non-existent cs.

[franky1]

One thing that disturbed me about this company from the start is that they are trying to be a financial powerhouse, and yet they couldn't afford an adequate number of customer service people.

A few months ago in their email newsletter they made a big deal of the fact that they had hired some cs people (an inadequate amount, judging by the difficulty in finding a live chat person most of the time).

Amazing that people will accept almost non-existent cs.

you seem to lack any knowledge of bitcoin.

i have seen your post history and you have been complaining that blockchain.info doesnt confirm transactions

i have seen your post history and you have been complaining that coinbase doesnt confirm deposits

i have seen your post history and you have been complaining that coinbase doesnt finalise withdrawals

either your doing something wrong, or your just spouting fud to try and cause a panic crash so that your gambling addiction on betting websites will pay off

[Omikifuse]

Weekend FUD?

Anyone can say anything via reddit, any proof?