News for hackers. Stuff that matters.

A comment on Please invest responsibly – an important message from the Coinbase team. Parent comment

Re:Please invest responsibly – an important message from the... by mirimir on Friday December 08, 2017 @02:40PM (#15881359)
Yes! 1000x yes.

If Bitcoin price tanks, it is 100% certain that Coinbase will either go down, or will lack requisite fiat. Better to have Bitcoin in your own wallet, and have more options to exchange for other cryptocurrencies.

[ Parent | on HN ]
Re:Please invest responsibly – an important message from the... by jaredklewis on Saturday December 09, 2017 @04:11AM (#15884973)
The parent is commenting on coinbase’s ability to keep bitcoins safe.

It is basically not possible for coinbase to “lack requisite fiat” as the requisite fiat to run an exchange is zero. Coinbase simply matches buyers and sellers. Not sure how a price crash would change anything.

[ Parent | on HN ]