Coinbase: The Heart of the Bitcoin Frenzy

Re:Coinbase: The Heart of the Bitcoin Frenzy by snarfybarfy on Thursday December 07, 2017 @02:36AM (#15868371)

Funny how they are coping with signing up users just fine. Takes about 5 mins for somebody to check your ID and create an account. Support however seems not to be a priority to them.

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Re:Coinbase: The Heart of the Bitcoin Frenzy by ThomPete on Thursday December 07, 2017 @03:22AM (#15868526)

Don't you think that part is automated?

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Re:Coinbase: The Heart of the Bitcoin Frenzy by ckastner on Thursday December 07, 2017 @03:37AM (#15868580)

How can you automate the checking of an ID?

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Re:Coinbase: The Heart of the Bitcoin Frenzy by mrb on Thursday December 07, 2017 @04:01AM (#15868652)

Third party identity verification services use OCR and machine learning on scanned ID documents.

99% get an automatic Green flag. Only ~1% are manually reviewed.

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Re:Coinbase: The Heart of the Bitcoin Frenzy by ckastner on Thursday December 07, 2017 @04:29AM (#15868742)

Interesting. I'd assume that these methods are probably more effective than a manual review by your average person anyway, but there are certain areas where I would expect automation to be at least frowned upon.

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Re:Coinbase: The Heart of the Bitcoin Frenzy by minikomi on Thursday December 07, 2017 @06:13AM (#15869122)

    if (Math.random() > 0.2) { // rate of false accounts at last review was ~20% 
      return false;
    } else { 
      return true;
    }

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Re:Coinbase: The Heart of the Bitcoin Frenzy by CoryG89 on Thursday December 07, 2017 @11:08AM (#15871233)

    return Math.random() <= 0.2

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Re:Coinbase: The Heart of the Bitcoin Frenzy by nmeofthestate on Thursday December 07, 2017 @11:04AM (#15871194)

> Funny how they are coping with signing up users just fine.

Not my experience - no luck getting ID verified yet.

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