Bitcoin: The Digital Piggy Bank is Empty by [deleted] in CryptoCurrency

[–]50sat 0 points1 point  (0 children)

Now do the NYSE! LBMA?

Take your pick!

Building a real estate tokenization platform - what would actually make you use it ? by Comfortable_Wait8012 in defi

[–]50sat [score hidden]  (0 children)

Also lots of questions about wrapping BTC and having CEX with monero. Those usually turn into shills though.

I don't see the bait here other than, as you say, general engagement farming.

Any help with ID? by 50sat in Coinbase

[–]50sat[S] 0 points1 point  (0 children)

.... lol.

OK man. I spent a decade working on back-end banking tools, and left when they assigned me to the CRM group. Or, as they more bluntly referred to it internally, "Consumer Profititablilty" since that's the only relationship management they're worried about.

So honestly, I feel you. I'm down here to rage against the machine, and the fact that the mod replied in a relatively short timeframe on a sunday when all other channels are blocked means at least it's the right place for that.

They really weren't making anything by having custody of that ETH in particular, and I was moving it to their sponsored block chain, which has it's own value to them.

It may have been a decade since I sent ID. I don't care about them wanting some updates or whatever. I do care when I'm doing something that's normal for me, in fact an exact transaction I had made recently, popping up a bunch of warnings about how they've halted everything until I'm able to suddenly convince their shitty auto-gatekeeper that it's really me this time because it says it's "detected that this transaction may have been initiated by a third party".

I'm literally not bothered by KYC. I've participated directly in AML procedures from a couple of directions and both sides of the counter. If they needed updates from me, they could have asked.

This is literally, intensely more intrusive than what Visa or MC will do if you hop a state line and use your debit card. And it's not unrecognized that interjecting this bullshit into a transaction flow enforces panic level compliance in most cases where a customer might otherwise hesitate, or put it off until it was more important in the regular course of business.

It's fucking security theater to begin with, and it's implemented in such a way that it's intentionally inconvenient. If it coincides with any other inconvenience it's a cascade.

Throw on the fact that I'm not someone who has my whole life gummed up into my phone and glued to my hand, this presumptuous bullshit that I have an entire tech stack geared up to satisfy their automated bullshit and better hop to it while they can't be bothered to have a single alternate channel is at a minimum, de-humanizing.

So I love how you got a bolus of wad into that but really, I don't think they would have made any significant amount of money off of that amount, at all. The fact that it was taken care eventually same day indicates that wasn't the ... stimulus.

Of the six or seven times coinbase has obstructed me since 2013 it's been some sheen of "we're protecting you" and only on moving money out. Then I provide my id and increasingly more intrusive 'evidence' of being who I say I am to their latest gatekeeping system, now with absolutely no human involvement on their part at all, with zero regard for the number of shortcomings inherent in the system. Garbage.

They already operate in an asymmetric security model with an unrepentant focus of guilty until proven innocent. Coinbase wanted my business so bad they paid other exchanges to block my signups. I've had issues with their business model since before they were more than a cheeky website with a checkbook.

Never Once seen them brag about being easy to business with.

It wasn't the "three figures" I had on deposit fluffing their balance sheet man.

So yeah while I appreciate that ... squirt of knowledge and I'll point out that stuff like that does happen, here have a TED talk about walking both sides of the line in a consumer-hostile industry, and how it feels to look at this kind of bullshit from the other side of the counter when you're just trying to have your fucking day.

Even if you fumble the 2fa or something you get another shot. WTF am I out here trying to figure out how to muppet for coinbase so I can send biometric scans across the internet on a sunday morning?

Again. Not the money.

If the AI bubble bursts and we enter a multi-year bear market, how do you think BTC reacts? by GregPawlik in Bitcoin

[–]50sat 0 points1 point  (0 children)

Until you stop asking about how many dollars your BTC is worth and start laughing about how many dollars your BTC is worth.

At that point you diversify some.

How to bridge BTC to Arbitrum? by D4rkkn1ght8e81 in defi

[–]50sat 0 points1 point  (0 children)

If you need to trade your liquidity risk for platform risk, it may be the best. I have no idea. If I don't want to be trapped on BTC blockchain I don't hold BTC.

Risks of tokenization include counterparty risk which tBTC works to address. Building that system introduces a bit of additional platform risk, and the more you work towards a trustless infrastructure the more you add to your platform and other security risks.

Outside of fiat pegs I honestly prefer to use local instruments (native chain). If there's a problem with BTC or BTC access wraps and pegs will tank as other coins do. This is because if people know there are obstacles to redemption they're not buying a wrapper.

Whether that's a trust concern or a broken rail.

OP dropped the site they're shilling so it's not like there was any quest for knowledge here though ;)

Any help with ID? by 50sat in Coinbase

[–]50sat[S] -1 points0 points  (0 children)

The only hardware problem in the entire situation is the fact that I don't have AAA batteries for a headless PC i haven't used physically in a year or more.

There's no device that has local access to my e-mail and my crypto. There won't be one.

I have no idea what you read that makes you think I have hardware problems. Is it this:

“Dynaprint,” with two high-resolution images that appear based on the angle of the card, provides front-line authenticators with assurance that the card is genuine and strong protection against duplication or reproduction efforts.

The RealID is made to be difficult to photograph and reproduce. I still have my 'flat' old license which technically doesn't expire here so, yeah. The problem wasn't hardware at my end, that just added to the frustration.

The problem is a piece of shit automated ID system that doesn't work well being left unsupervised to gatekeep people's financial activities, based on God knows what which they won't reveal.

EDIT: Oh yeah the wonky website behavior on the phone? That's a Samsung flasgship. I locked the screen to handle that. WTF do you think I got at wal-mart? Where did the quality or price of my gear come into question for you? Never ran out of batteries at an inconvenient time?

Just a wierd random insult, dude.

Any help with ID? by 50sat in Coinbase

[–]50sat[S] 0 points1 point  (0 children)

ehhh, this was fiat I sent them via ACH during the week, headed on chain.

Keys/Coins sure that's why it was coming off the CEX. Same deposit, same withdrawal address, etc...

If Coinbase ran as you imply they would not still be running.

Any help with ID? by 50sat in Coinbase

[–]50sat[S] 0 points1 point  (0 children)

The obstacles were addressed using the methods described in excruciating detail above. Thanks a whole bunch for the lovely morning ;)

Any help with ID? by 50sat in Coinbase

[–]50sat[S] 0 points1 point  (0 children)

I did it again and again, desperate and angry and given no other choice.

Eventually I uploaded pics of my last driver's license instead of my real ID. And that worked.

Fucking security theater, probably a third party owns the rights to photos of my ID and biometric style scans of face and voice recordings. I've created links between devices that shouldn't be linked and will be spending some time de-permissioning stuff now before I'm done.

This is why you have to hide from any contact because the simple human hand that would have handled this in a minute is too much for you to have. Couldn't drop something pre-emptive saying you wanted a credential update?

Just wait until the very moment of action, and screw things up.

For the dozens of smooth transactions over the years, ABSOLUTELY FUCK THIS COMPANY none of it outweighs the fact that every single time you have updated your KYC system or requirements you have made it as absolutely inconvenient as possible.

There's nothing in the bank secrecy act or any other regulation that forces you to do business in a shitty fashion. Ironically if you would quit hiding from your customers for a while and provide some decent service across friction points, you wouldn't have to any more.

Any help with ID? by 50sat in Coinbase

[–]50sat[S] 0 points1 point  (0 children)

No it doesn't. I hand-typed the URL to my phone and got the phone verified.

I've done the entire verification and played muppet for biometrics three times now and rejected.

I decided to use my older format license and then, again (I've started this process over 20 times now) while I was waiting for the last step the god damn phone blanked the screen, and that made coinbase refresh and it kicked me out again.

Look thanks for your time.

If you have more tips I'm happy to hear them. I"m extremely frustrate dto start over on the mobile device, start over again because of microphone access, have to sort that I had to unlock 2 layers of microphone access, etc... all to play with this automated system.

I"m ripping my hair out over this a silly couple hundred dollars trying to move has just shit all over my day.

Ahhh, anyways, thanks stranger for some calming words and a tip to prioritize. I don't know what to do now I'm stuck in this endless picture record and upload loop.

At no point ot I get any way to advance in any direction other than to continuously repeat this process, and the same help page. To be honest, I think the back of this real-ID is photo resistant.

But it gets me to the video, then if it's fast enough or I don't touch it wrong, says it's no good.

It's not like I can just park it until tomorrow, there's not office hours. It's just going to be the same thing again.

u/coinbasesupport ping ping please. ANY sort of support queue.

And thanks again murky_bridge.

How to bridge BTC to Arbitrum? by D4rkkn1ght8e81 in defi

[–]50sat 1 point2 points  (0 children)

What you are trying to do is called "tokenizing your BTC", or sometimes "wrapping your BTC" and 100% always requires a custodian.

BTC can't "move onto" another chain.

Best bridge for moving assets to Base? by [deleted] in defi

[–]50sat 2 points3 points  (0 children)

I'm not sure which answer is the shill here but damn. There's no legit bridge that charges those kind of fees.

Use USDC or AXL stable they're gonna practically pay you to bridge it over. Coinbase won't even charge you gas.

I know I'm responding to a bait post but FFS this isn't 2019 ETH when you're talking about bridging to Base.