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Hooking up a bank account to a bitcoin related startup seems risky, and waiting 4 days for funds to post seems inconvenient.
by cstejerean 14y ago
Hooking up a bank account to a bitcoin related startup seems risky, and waiting 4 days for funds to post seems inconvenient.
- cinemaguy23 14y agoWouldn't all bitcoin related companies be considered startups given its age?
- mtgx 14y agoWhy do you think it's risky? In principle, is it that different than using Facebook credits? I don't think Bitcoin is illegal in US.
- JoshTriplett 14y ago> Why do you think it's risky? Probably because every new bitcoin processor seems to rediscover the same set of security holes and insecure practices.
- garry 14y agoCoinbase is run by Brian Armstrong who used to lead anti-fraud at Airbnb. He's a pro.
- cstejerean 14y agoBecause security is hard, and when you are storing untraceable money you become an attractive target way before you get big enough to invest heavily in security. That said, Coinbase has raised some cash, so perhaps they can avoid this fate.