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A comment on $4.1m goes missing as Chinese bitcoin trading platform GBL vanishes. Parent comment

Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by dragontamer on Monday November 11, 2013 @11:21PM (#6715826)
You mean, financial services? Financial Service companies build trust and relationships with people.

This has nothing to do with "security", and everything to do with "How can I be sure that the other guy isn't a jackass??". Paypal became popular as a financial service to Ebay purchases.

The startups that are running themselves as trustworthy businesses will get ahead. But a year, two years, or even three years is not enough to gain a decent relationship. Lets see if "Coinbase" can weather the storm

[ Parent | on HN ]
Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by simonebrunozzi on Tuesday November 12, 2013 @02:46AM (#6716383)
Which storm is Coinbase going through?
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Re:$4.1m goes missing as Chinese bitcoin trading platform GB... by dragontamer on Tuesday November 12, 2013 @12:16PM (#6719113)
The question that needs to be answered is: can Coinbase (and other reputable BTC services) establish a trusted reputation with their customers when so many other BTC services are either disappearing or outright scamming their customers?

Or will the general public look at Coinbase and think "that newfangled unreliable Bitcoin thingy".

[ Parent | on HN ]