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A comment on Coinbase down for maintenance. Parent comment

Re:Coinbase down for maintenance by will_hughes on Thursday December 07, 2017 @07:29PM (#15875673)
They only need(* depending on TOS guarantee) to keep the full amount of Bitcoins matching your Coinbase wallet. They can take all the cash they've been given, pile it up and set it on fire if they like.

1 BTC at Coinbase is only worth whatever Fiat currency Coinbase is willing to buy it from you for. If that's $1 for all your Bitcoins, tough luck.

They're under no obligation to guarantee a sale price for BTC.

[ Parent | on HN ]
Re:Coinbase down for maintenance by tome on Friday December 08, 2017 @05:11AM (#15877764)
> They can take all the cash they've been given, pile it up and set it on fire if they like.

Then how do they pay you when you come to withdraw your cash?

[ Parent | on HN ]