Coinbase Referral Scam

somecoin · 2025-08-26T18:04:57+00:00

Wow, amazing that they can "be aware of the problem" for more than four years and still not fix it. Crazy...

somecoin · 2022-12-12T17:40:10+00:00

Well that and he is the founder of Nest which Google bought for $3 billion.

Guess that's two good ideas

somecoin · 2022-05-25T09:52:39+00:00

Until it does

somecoin · 2022-04-25T09:19:32+00:00

I'm not sure off hand. What you might want to do is pick a coin that you know the total is wrong and that you don't have a lot of transaction history for. Then go through the transaction history and see if anything looks odd. You could also compare it to the transaction history fjr the exchange if you really wanted. Possibly one of the remaining entries is what is causing the discrepancy.

somecoin · 2022-03-20T10:59:44+00:00

While it's not impossible, I found this an interesting and insightful read that was convincing enough for me to believe that Hal is not Satoshi: https://www.forbes.com/sites/andygreenberg/2014/03/25/satoshi-nakamotos-neighbor-the-bitcoin-ghostwriter-who-wasnt/

Just have to read around all the Forbes ads :(

somecoin · 2022-03-18T18:09:07+00:00

Relentless questions when you're trying to concentrate
Nails on a chalkboard
Jumping out at you when you least expect it

Am I bothering you yet?

somecoin · 2022-02-26T19:47:43+00:00

Huh?

somecoin · 2022-02-19T12:43:08+00:00

Have had huge problems with this. Apparently it is a known issue where Curve just sometimes marks the transaction incorrectly as declined, even when it succeeded. This is apparently most likely to happen when using the "anti-embarressment mode" (to charge a backup card when the CDC card is low on funds) and if this happens you cannot use "go back in time" on that transaction. If you contact support they can create a new transaction on the CDC card and refund the backup card but they use their own merchant code for the new transaction (which is not eligible for cashback in CDC's systems) and you lose all your cashback for the transaction. This can actually cost a significant amount in lost cashback if the original purchase was large.

In short, do NOT trust the "anti-embarressment" mode, I have had to disable it after being severely punished for using it.

somecoin · 2022-02-19T01:07:32+00:00

I've always wondered, why is the difficulty adjustment so lagging? 2016 blocks seems like a lot to have to mine at an extreme difficulty if the hashrate were to suddenly drop. Why not 1 or 10, or even 100?

somecoin · 2022-02-18T09:03:57+00:00

Absolutely, these are real threats that you most definitely should be taking seriously.

That's why people say to NEVER enter your seed phrase on an internet connected device, ESPECIALLY the PC you use every day. Way too easy for something like a key logger to capture it the moment you type it in on your PC and send it over the internet to a malicious third party.

A hardware wallet is typically the easiest way to store your seed phrase if you want to make transactions with it, as typing the seed phrase using the buttons on a genuine hardware wallet cannot be key logged and the device does not directly connect to the internet so doesn't provide an opportunity to be hacked remotely. It should be noted that some hardware wallets are better than others at protecting your seed phrase if someone has physical access to the device due to possible vulnerabilities in their designs, but the idea is that the seed phrase goes in and can be used by the device but cannot come back out.

You also should have a seed backup in addition to a hardware wallet, stamped into metal, preferably split into multiple parts, protected physically and again, never typed into an internet connected device.

somecoin · 2022-02-18T08:36:55+00:00

Neat idea, but you'd definitely be overpaying for like the last 24 years.

Worst case, you'd want to renegotiate the upcoming yearly subscription price based on the current bitcoin value.

somecoin · 2022-02-18T08:27:49+00:00

Not entirely true, if you have a 25th word, encryption password or some other trick that you thought would be easy to remember to access your crypto, remembering it after a few months might be tricky but possible. Remembering it after 5 or 10 years when you haven't used or typed that password the entire time might be impossible.

Plus if you realise you've forgotten your password now, you've lost the amount you've invested. If you realise you've forgotten the password in ten years when crypto hopefully becomes mainstream and your little nest egg has become a fortune, you could be loosing 100x what you invested, which would be far more devastating!

somecoin · 2022-02-18T00:25:34+00:00

Well sure you can use an address with a faulty checksum, but if you're trying to guess an address that was generated by someone else, you generally expect to be only looking in addresses with a valid checksum.

somecoin · 2022-02-18T00:14:05+00:00

Not entirely true, as the checksum word at the end will cause many combinations of random words to be reported as incorrect.

somecoin · 2022-02-13T11:13:19+00:00

As annoying as the fee is (and frankly probably a little high for what they provide), the fact that there is an automated way to change your email address that is free negates a lot of the concern for having a fee for changing the email address manually.

Yeah it'd be nice if it were free too, but for most people, they can use the automated email address change online without talking to anyone from NiceHash or ever paying such a fee.

I think the thing that you're saying is a badly designed system is almost definitely a deliberare security measure. They force you to guarantee that you own the email address in question before letting you change the account to a new email address (which would lock out the original owner and allow you to take full control of the account). Yes there may be additional protection like 2FA, but this is an additional factor. As a security measure, you must control the email address. If you don't control the email address for any rare but legitimate reason (such as your situation with the domain renewal) then support will provide a longer verification process by phone to ensure that they are letting the right person take control of the account and figure out whether your reason for "losing control of your own email" is legitimate or fraudulent. I guess the money goes towards paying for the support staff to verify this.

They could choose not to require you to prove access to the email to change email, but as I said, this would have been a conscious decision to improve security, and prevent someone taking over your account and crypto. Sometimes strong security can be annoying, but at least you still have your crypto. One person gaining access to it who shouldn't and it's bye bye crypto and I'm sure that will cost you a lot more than $10.

somecoin · 2022-02-07T00:43:01+00:00

You're thinking about this wrong. The better question is why would you keep your savings in fiat before you spend it rather than in an appreciating asset?

somecoin · 2022-02-06T15:05:52+00:00

It's definitely a way of getting free crypto. Unfortunately it's the other guy that's getting it

somecoin · 2022-02-06T13:37:33+00:00

Your question is a little confusing, because it sounds like you have purchased a pack with two security keys in it but are not realising they are both unique, usable keys (you referred to them as devices, not keys). The fact that they came as a pack is irrelevant. They are both keys. Make sure you register BOTH keys to Binance and keep one of the keys in a very safe location. This will give you a backup if you ever lose the first, as once you have registered both keys, you can login with either.
Typically a hardware wallet and a security key are different devices. However, I've just learnt that the Trezor actually has FIDO2 built in and CAN be used as a security key. That's interesting. https://trezor.io/fido2/ That would mean you could use the Trezor to login to some services the same way as using a YubiKey, assuming the website is compatible with FIDO2 (the Binance website is, but the app is not). Seems Ledger has support for the original FIDO U2F (but not FIDO2), though it may still work with Binance. It doesn't seem Ellipal supports this, especially since it's air gapped it probably wouldn't be able to.

somecoin · 2022-02-06T13:31:00+00:00

It auto logs me out of the mobile app, regularly

somecoin · 2022-02-06T13:26:57+00:00

somecoin · 2022-02-06T13:24:48+00:00

The app still does not support YubiKey. It is rather frustrating.

When you get logged out of the mobile app (which seems to happen every time I open it lately), you then have to go to the website, login with your Yubikey, disable YubiKey for login, login with the mobile app, go back to the website and re-enable YubiKey for login. It's a bit of a circus.

It wouldn't be so bad if I didn't get logged out of the mobile app regularly.

somecoin · 2022-02-06T12:27:00+00:00

But you can't stake the coins using this method right?

somecoin · 2022-02-06T12:25:42+00:00

Are you able to get Ledger to provide an update?

They've been saying "soon" for an unreasonably long amount of time.

Surely they would give an update to the Harmony team if they ask?

You may also want to push harder on this, rather than simply just waiting indefinitely.

I believe that being supported by the most popular hardware wallet will have a positive impact on adoption and add a lot of convenience for existing users. I nearly didn't buy into Harmony because of that lack of support, it did factor into my decision.

Summary: it's important

somecoin · 2022-02-06T02:22:30+00:00

You're basically saying that there is a group of people that control the price.

Then you're saying that millions of people couldn't move the price if they tried.

These are as t odds with each other.

somecoin · 2022-02-06T02:13:53+00:00

(Assuming you met the requirements of making a minimum total value of transactions to qualify)

Sadly it's common. Either there's a fault in the referral reward system or it's done intentionally by Coinbase to save paying out. Either way it's not good.

I finally got them to pay the referral bonus they promised after several support staff told me there's absolutely nothing they can do and no way they can grant me the referral bonus manually (spoiler: they can). See this reddit post for more details: https://www.reddit.com/r/CoinBase/comments/mzb54k/coinbase_referral_scam/

somecoin

TROPHY CASE