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Author Topic: Coinbase - Funded by Paul Graham  (Read 9454 times)
bbit
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June 29, 2012, 08:56:50 PM
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Coinbase just got funding from Paul Graham  Grin  thoughts on this ?

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June 29, 2012, 08:59:45 PM
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I think Paul Graham caused the recent price spike  Smiley


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June 29, 2012, 09:00:35 PM
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I think Paul Graham caused the recent price spike  Smiley



I think you could be right about this someone like him could easily move it!  Grin
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June 29, 2012, 09:04:06 PM
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http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.

No, thank you. I'll pass.

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June 29, 2012, 09:07:03 PM
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http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.

No, thank you. I'll pass.


I also wonder about chargebacks if they link to bank accounts..

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June 29, 2012, 09:07:53 PM
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http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.

No, thank you. I'll pass.

Quote
I also wonder about chargebacks if they link to bank accounts..

^^ Was just wondering the same thing  - also, I wonder for how much was put in?
So far, he has raised $164,000.
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June 29, 2012, 09:38:02 PM
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http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.

No, thank you. I'll pass.


I also wonder about chargebacks if they link to bank accounts..

They'll just conclude sooner or later that they'll need to charge more than 0,5% to cover for fraud Grin

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June 29, 2012, 09:40:48 PM
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http://news.ycombinator.com/item?id=4178255
Quote
We're storing wallets in the cloud so this is an important concern.

No, thank you. I'll pass.

Quote
I also wonder about chargebacks if they link to bank accounts..

^^ Was just wondering the same thing  - also, I wonder for how much was put in?
So far, he has raised $164,000.

Theres a $100 000 buy order at btc-e.com

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June 29, 2012, 09:42:34 PM
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Theres a $100 000 buy order at btc-e.com


Good lord! Lol  Shocked
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June 29, 2012, 09:48:42 PM
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Theres a $100 000 buy order at btc-e.com


Good lord! Lol  Shocked

Glad to hear this no doubt PG is a good person to have on Bitcoins side.

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June 29, 2012, 09:51:08 PM
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Theres a $100 000 buy order at btc-e.com


Good lord! Lol  Shocked

$85k at $6.55

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June 29, 2012, 09:51:38 PM
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Dwolla 2.0 activated.

re buy order, WOW, I wonder if thats not a calculated risk taken by the admin to get users to deposit funds onto exchange and then wipe that order lol

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June 29, 2012, 10:28:45 PM
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Hello everyone, I'm working on Coinbase (and created Bitcoin Android last year).

You're right Paul Graham is a good person to have backing Bitcoin, and I'm hoping to bring in some more support from other Silicon Valley VCs.  0.5% isn't too bad (Paypal's fraud rate is less than this) but it's still super early stage so I don't want to make any assumptions too early.

Anyway, there are still lots of unanswered questions on the site about security etc (I am taking lots of notes and have chatted with about 100 users today during the launch).  I hope to provide more info soon.  If you have any feedback/questions feel free to email me (brian at coinbase) and I'll do my best to answer promptly.
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June 29, 2012, 10:33:02 PM
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Hello everyone, I'm working on Coinbase (and created Bitcoin Android last year).

You're right Paul Graham is a good person to have backing Bitcoin, and I'm hoping to bring in some more support from other Silicon Valley VCs.  0.5% isn't too bad (Paypal's fraud rate is less than this) but it's still super early stage so I don't want to make any assumptions too early.

Anyway, there are still lots of unanswered questions on the site about security etc (I am taking lots of notes and have chatted with about 100 users today during the launch).  I hope to provide more info soon.  If you have any feedback/questions feel free to email me (brian at coinbase) and I'll do my best to answer promptly.

You should get a  bitcoin security professional like Vladamir on board. Also setup cold storage for the coins you dont need to have in a hot wallet to run the site. And get a dedicated server in a locked cage Smiley

Edit: and dont keep your backups on the same server your site is on.

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June 29, 2012, 10:41:57 PM
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Quote

You should get a  bitcoin security professional like Vladamir on board. Also setup cold storage for the coins you dont need to have in a hot wallet to run the site. And get a dedicated server in a locked cage Smiley

Edit: and dont keep your backups on the same server your site is on.

Vladamir is some serious security backing behind him get him on board make us all feel good.

edit: oh and welcome Brian was just chatting w/ you Tongue thanks for taking the time to chat with us!

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June 29, 2012, 10:53:55 PM
 #16

@ Brian,

Hi, could you please shed some light on this:

- Why should I use coinbase over bitcoin directly?
   - in that relation: Why would I lay the fate of my funds into your hands, where they can be stolen, frozen, lost, delayed... any time?

- What fees apply to use your services?

- Do I need to have a coinbase account to receive/send payments with you? Do you also send to BTC adresses?


Thx
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June 29, 2012, 11:19:43 PM
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How many times have you used the "chat" feature on a website and got to chat with the CEO?

That was a first for me. It was very fun, but probably won't ever happen again.

Brian is awesome, and seeing some VCs finally doing something with bitcoin is even more awesome.

Brian: Congratulations! And please let me know what you think of those links I sent Smiley

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June 29, 2012, 11:20:42 PM
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How many times have you used the "chat" feature on a website and got to chat with the CEO?

That was a first for me. It was very fun, but probably won't ever happen again.

Brian is awesome, and seeing some VCs finally doing something with bitcoin is even more awesome.

Brian: Congratulations! And please let me know what you think of those links I sent Smiley

I couldn't agree more its really, really neat to be able to do that ...thanks Brian for doing that!  Grin

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June 29, 2012, 11:26:38 PM
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Why should I use coinbase over bitcoin directly?

I think the question Brian is trying answer is "Why should my Grandma use coinbase over bitcoin directly?"

If he can provide real security and convenience, he'll be able to give Grandma something she'll never get from the bitcoin client installed on a PC. Sometimes we forget what a tiny percentage of the world's population are hackers and security experts.

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June 30, 2012, 12:45:47 AM
 #20

You should get a  bitcoin security professional like Vladamir on board.

+100
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