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RE: Good, Bad, and Ugly of Coinbase Business Model

in LeoFinance4 months ago (edited)

Moreover, such actions of creating bitcoins out of thin air would make them vulnerable to market conditions and cause them go bankrupt in no time.

I strongly suspect that if they are doing this, should they encounter any "runs on the bank" they'll just throw up a technical difficulties message.

Recently I sent some ltc to a friend's Coinbase account. 8 hours later I asked if he got it. He hadn't, but it showed up seconds after he entered the help chat, which was also having issues.

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wow, 8 hours is way too long for ltc.

Yes, and what a coincidence that it arrived soon after it was being looked for... Made me wonder if it ever would have been added otherwise.