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And Coinbase is blocking everyone from login into their account. Every time Bitcoin goes down quickly, Coinbase shuts down their servers.
by Triv888 6y ago
And Coinbase is blocking everyone from login into their account. Every time Bitcoin goes down quickly, Coinbase shuts down their servers.
- gkoberger 6y agoI think they just get overwhelmed. Which is a problem itself, but I don't think it's malice.
- Triv888 6y agoI think this is the only multi-billion dollar company that I know of that is having this kind of issue... is it negligence?
- dmix 6y agoMy billion dollar Canadian health/benefits insurance company turns their login form (and therefore form submission) website off at five oclock every day and entirely on holidays. Must be nice!
- guardiangod 6y agoNo joke. I'd like to meet Manulife's web site developers, hold their heads with my hands, shake them vigorously and ask 'how could you make a website in 2021 (2011/12/13/14..../20) that needs to go down everyday for maintenance?!'
- dmix 6y agoI didn’t want to say the name for some reason but you nailed it. It’s really amazing isn’t it? I share your sentiment entirely. It takes some chutzpah to do something like that in 2021. And as a developer I can only laugh at being inconvenienced in such a way.
- zzbzq 6y agoRobinhood and TD Ameritrade both do the same thing when the stock market tanks. Considering these companies are supposed to be making profit from their services rather than interest on appreciation the assets their customers trade on their platforms, I'd think the more likely culprit is external DoS attacks from entities with large stakes, rather than the companies themselves.
- mumblemumble 6y agoI doubt it's anything nefarious. Competence is certainly a huge factor, but it isn't everything. It's crazy how much market activity spikes when the stock market tanks. And, unlike holiday retail rushes, it's very difficult to anticipate and plan for such days. (If anyone knows how, they're way too busy getting filthy rich to bother with telling anybody else how to do it.) So you're invariably caught off guard. Source: Worked at a firm that never actually went down under the load, but got plenty of cardio in helping to make sure it didn't.
- gkoberger 6y agoTwitter would go down all the time for years (remember the Fail Whale?) With Coinbase, don't forget that a/ they're dealing with huge spikes of people trying to do actions (not just reading) that happens once every 2-3 years and b/ they're built on a network and aren't able to control everything. I'm not saying they should be going down, but I don't think I'd write it off as negligence.
- ur-whale 6y agoThey get overwhelmed every damn time BTCUSD goes up or down. At this point it's basic incompetence, they have no excuse.
- loceng 6y agoI highly doubt it's incompetence - they're trying to perhaps single-handedly prevent a crash by everyone rushing to sell at once, to block people's impulse decision to sell for long enough to help further subside a crash. Coinbase's behaviour is highly suspect and perhaps should warrant investigation into purposeful manipulation - whether there are laws that currently exist that would cover this case or not doesn't mean there shouldn't be.
- cblconfederate 6y agois coinbase the only option in US ?
- pedroma 6y agoThere's Gemini, which I prefer to use over Coinbase. There's also Kraken.
- cblconfederate 6y agono binance?
- gfody 6y agocircuit breaker?