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LTC spiked because Coinbase added them to their trading service - I'm surprised that making something simple and easy to use would bolster activity like that.

LTC spiked because Coinbase added them to their trading service - I'm surprised that making something simple and easy to use would bolster activity like that. Is it safe to say "Coinbase is the iPod of Bitcoin"? That's what it feels like.

c0nducktr 10y ago
Only if iPods constantly broke and when you bought songs on iTunes they weren't delivered on time. I'd advise anyone thinking of purchasing Bitcoin through Coinbase to take a look at /r/coinbase. Their support is pretty much non-existent. Edit: Not only is support non-existent, people are having problems accessing their funds, getting charged different amounts than what they agree to when buying... It's feeling like MtGOX all over again.
- Obi_Juan_Kenobi 10y ago
  FUD Coinbase isn't perfect but 99% of the problems people have with them are due to KYC/AML. That, or they're shocked (indignant!) that they have to pay taxes on capital gains.
  - c0nducktr 10y ago
    Well as someone who's currently waiting on support@coinbase.com to respond to a ticket, it certainly doesn't feel like FUD. It's not related to KYC laws either, I've been a customer since 2014.
strictnein 10y ago
Only if trying to buy songs on an iPod caused your bank to freak out. I'm at a top 5 US bank for my checking and credit card. They were nonplussed with my attempts to move money to Coinbase.
- Jotra7 10y ago
  Sounds like you should switch to a credit union, friend.
- DennisP 10y ago
  I'm at a credit union and had no problems whatsoever.
oscilloscope 10y ago
Litecoin also activated the segregated witness in the past week.
wmeredith 10y ago
> I'm surprised that making something simple and easy to use would bolster activity like that. Really? This is Apple's business model (you know, the biggest company in the world). This is what I've built my career around (UX designer).
redog 10y ago
That feels very apt

c0nducktr 10y ago

Only if iPods constantly broke and when you bought songs on iTunes they weren't delivered on time. I'd advise anyone thinking of purchasing Bitcoin through Coinbase to take a look at /r/coinbase. Their support is pretty much non-existent. Edit: Not only is support non-existent, people are having problems accessing their funds, getting charged different amounts than what they agree to when buying... It's feeling like MtGOX all over again.

Obi_Juan_Kenobi 10y ago
FUD Coinbase isn't perfect but 99% of the problems people have with them are due to KYC/AML. That, or they're shocked (indignant!) that they have to pay taxes on capital gains.
- c0nducktr 10y ago
  Well as someone who's currently waiting on support@coinbase.com to respond to a ticket, it certainly doesn't feel like FUD. It's not related to KYC laws either, I've been a customer since 2014.

strictnein 10y ago

Only if trying to buy songs on an iPod caused your bank to freak out. I'm at a top 5 US bank for my checking and credit card. They were nonplussed with my attempts to move money to Coinbase.

Jotra7 10y ago
Sounds like you should switch to a credit union, friend.
DennisP 10y ago
I'm at a credit union and had no problems whatsoever.

oscilloscope 10y ago

Litecoin also activated the segregated witness in the past week.

wmeredith 10y ago

> I'm surprised that making something simple and easy to use would bolster activity like that. Really? This is Apple's business model (you know, the biggest company in the world). This is what I've built my career around (UX designer).

redog 10y ago

That feels very apt