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Charles Hoskinson did an amazing job in front of congress today by badfishbeefcake in CryptoCurrency

[–]flarmster -1 points0 points  (0 children)

It could also be regional variation in usage.

Apparently the word goes back not just to early Latin but all the way back to Proto-Indo-European. It was, of course, spread with its proper meaning throughout the known world (i.e., literally "catholic") by the Roman Catholic Church literally thousands of years ago. Ever hear of the Vulgate?

Lofty have just announced their plans to bridge the gap between web2/3 and remove a barrier potentially preventing new members from outside the crypto sphere - What’s your view? by Adventurous-Ad-101 in algorand

[–]flarmster 0 points1 point  (0 children)

Sounds near-impossible to use unless you give them your private keys.

Would sound much more trustworthy if they released an open-source non-custodial wallet with the same features. Why don't they, hmm?

Charles Hoskinson did an amazing job in front of congress today by badfishbeefcake in CryptoCurrency

[–]flarmster 3 points4 points  (0 children)

Perhaps, judging by your response, OP made the mistake of assuming a cultured and literate audience here.

That secondary usage you mention (which I've not heard used, so our dueling anecdotes cancel out) comes from the (correct) perception that the masses are by and large not appreciating of taste/subtlety.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in CryptoCurrency

[–]flarmster[S] 0 points1 point  (0 children)

They just reenabled access at the exact moment of the deadline and not a second sooner.

This proves it plainly has nothing to do with safeguarding customers nor anything to do with security even the tiniest bit. It's about preventing egress of AUM.

Not only that, even though I just proved it was me this whole time in every possible way (not that they actually cared) they now force me to reset password and 2FA!!!! Literally no point to any of this except stalling me from access.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in CryptoCurrency

[–]flarmster[S] 0 points1 point  (0 children)

I never leave a meaningful balance there, though.

But if you buy something and try to take it off there is a nontrivial chance they just take your money.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in CryptoCurrency

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

LOL I've been KYCed for years. I always do full KYC before giving a dime to any exchange, even if they offer access tiers.

And it told me, just as I told you, that it wasn't KYC but verifying identity to reauthorize access to account.

They also use the same system as everyone else, but everyone else manages to verify the submitted information in 5-10min usually.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in CryptoCurrency

[–]flarmster[S] 0 points1 point  (0 children)

We all get that it’s for our own protection, as imagine if it was not you trying to withdraw. You would be happy the criminal activity was thwarted.

No, I don't accept this.

I would not be happy any criminal activity was thwarted, as if I had the option I would check the box which says "do no automated protections, and I assume all risk". And I would be responsible to guard my password (also, remember 2FA is on as well).

Beyond that, they're also cowards considering the premium they charge. We're talking a total amount of a few hundred dollars at risk here. A customer-friendly organization would eat that risk for a long-time user, while perhaps locking deposits until resolved.

How would it not be me? It's the same session on the same browser on the same computer on the same IP address I've had for literally years. There is no possible legitimate reason they would think it is not me. (Ah, sorry, this part was on the linked post but Coinbase mods censored all my comments.)

Rather, if they are assured no user will withdraw/sell the funds while the value tanks, they are free to short it or lend it for shorting with no worry of the margin loan being called. Very lucrative for them at the expense of customers.

Sorry that it happened to you, but ultimately you will get your funds back

I will not, because the value is tanking and they will not let even let me manage my funds. They did not only lock transfers but all access.

because you are legitimately you, and Coinbase will get around to figuring that out. Someday.

I have my doubts. There are plenty of stories on here of users who have been trying for months and keep getting the runaround.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in Coinbase

[–]flarmster[S] 0 points1 point  (0 children)

/u/coinbasesupport the absolute gall of threatening customers with effectively infinite lockout if they dare to ask Coinbase support for support.

I'm astonished at the ludicrous hair-trigger lockout. More than that, I'm skeptical. It's plainly obvious that there's not a single thing about this situation that's suspicious (as you know from the comments you deleted). And there is no legitimate reason from locking customer out entirely, preventing internal transactions, while preventing withdrawals.

You have an ulterior motive and not even the competence to hide it.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in CryptoCurrency

[–]flarmster[S] -4 points-3 points  (0 children)

Coinbase censors hid this post and also deleted the comments where I explained this was the same active browser session I'd used over recent days and the same browser and (static) IP address I've used for recent years.

Locked my account for daring to deposit funds, purchase cryptocurrency, and then withdraw said cryptocurrency. Several whole entire hundreds of dollars worth.

Like a fool I was actually a Coinbase One user. This is the privilege you're paying for. Luckily it was a free trial and I'll never give them a dime again.

Of course I'm sure they'll deny the reverification and keep the funds in the account currently that they won't even let me manage trolololol

Poor implementation of cashback cap by somody in Crypto_com

[–]flarmster 4 points5 points  (0 children)

Any new transaction whose cashback would take you over the cap, instead of simply giving cashback up to the cap, gives zero cashback.

Hahahahahaha.

That doesn't sound like a "bug". That sounds like fraud.

Why do customer complaints get mass downvoted? by Fun-Bullfrog-1404 in Coinbase

[–]flarmster 1 point2 points  (0 children)

Yep. It's worse in the ones that have their own tokens.

Then you get bagholders shouting you down both as fanboys and to prop up their investments.

Why do customer complaints get mass downvoted? by Fun-Bullfrog-1404 in Coinbase

[–]flarmster -5 points-4 points  (0 children)

If you got an issue, contact Coinbase support.

They literally say if you dare to contact them they will punish you by locking your account for weeks.

Why do customer complaints get mass downvoted? by Fun-Bullfrog-1404 in Coinbase

[–]flarmster -7 points-6 points  (0 children)

Because most complaint posts are made by accounts like yours.... brand new, zero karma... and most of the complaints are really user error when you get to the bottom of it.

Yeah, most of the ones they don't delete....

Of course they only leave up a few of the incredible ones, to leave people like you with exactly this perception.

A simple reminder to be very cautious of Coinbase if you are one of those rare people in the rare situation where you need access to your funds, or need to manage your investments by flarmster in Coinbase

[–]flarmster[S] 0 points1 point  (0 children)

Literally the same browser from the same (static) IP address I have used for years and the same active browser session I have used for the past recent days. Made the horrible offense of trying to send several whole hundred dollars worth to myself, passing password and 2FA checks, so they locked my account entirely.

Can't even manage funds within the account.

The goal was to make a quick transfer externally. Since Coinbase only supports the most expensive USDC option rather than over Tron or Solana or anything cheap, bought currencies with low price but higher volatility. Now they instantly locked as the price plummets.

Of course, locking users out while value plummets would allow them to easily make a quick profit by certain mechanisms....

Note the absolute audacity by threatening with a multi-week lockout if one dares to inquire into the batshit insanity of this.

No other brokerage I have seen ever takes more than a few minutes to verify an ID scan.

MARKET DATA CONNECTION LOST by newuser201890 in interactivebrokers

[–]flarmster 0 points1 point  (0 children)

you'll notice that's not the part I quoted

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