3 ms·
Looks bad. BitGrail 2.0 with implications many magnitude worse. It's a shame that a technology with so much possible positive impact on the world, getting rid
by jxub 9y ago
Looks bad. BitGrail 2.0 with implications many magnitude worse.
It's a shame that a technology with so much possible positive impact on the world, getting rid of untrusted and sometimes scammy 3rd parties is itself exposed so much to scam.
- coralreef 9y agoHuh? How do you figure this is a hacking, and not some terrible payment processing bug? As far as I can tell these are random repeating charges on credit cards/bank cards.
- thephyber 9y ago> getting rid of untrusted and sometimes scammy 3rd parties is itself exposed so much to scam. One could argue that CoinBase was among the least "scammy" or "untrusted" actors in the Crypto exchange space. It's important to keep perspective. BitCoin is not quite 10 years old. Coinbase had to scale up transactions 10x from late summer to mid fall while keeping and dealing with the process of currencies forking (including supporting transactions for one of those forks), cycling hot wallets to cold and back to hot only when more currency was required to transfer. Also, the run DAX, which is the market-making system used for all CoinBase transactions. There's no reason to think CoinBase is 7x charging purposefully at this point. It's far more likely that they are adding an item to a message queue, processing the task but not marking it as complete, then retrying each task 6ish times before permanently removing from the queue marking it as "unable to complete". No new technology will be immune to "scam" or human error. It's probably time to reset your expectations.