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A comment on Coinbase Raises $25 Million From Andreessen Horowitz. Parent comment

Re:Coinbase Raises $25 Million From Andreessen Horowitz by jessaustin on Friday December 13, 2013 @06:45AM (#6900082)
Sure, but why can't I transfer money to you, receive confirmation that the transfer has completed, wait some reasonable amount of time (no more than a month maybe?) and then convert to BTC at the exact moment I prefer? Then I would feel like an investor, rather than a chump.

EDIT: actually it would be nice if you responded to some of the many seemingly-reasonable customer complaints on this page.

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Re:Coinbase Raises $25 Million From Andreessen Horowitz by kolev on Friday December 13, 2013 @01:15PM (#6901965)
They on purpose don't allow balances in USD as maybe then they will be considered a bank. Once you go thru their verification process, you get buy instantly up to 10 BTC/week without waiting (although sometimes they turn this feature off for whatever reason). Also, you don't need to wait a whole week - you get hourly increases of the 10 BTC quota, which is nice... when it works.
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Re:Coinbase Raises $25 Million From Andreessen Horowitz by jessaustin on Saturday December 14, 2013 @01:46PM (#6906583)
They on purpose don't allow balances in USD as maybe then they will be considered a bank.

It seems e.g. PayPal, Amazon, Coinstar, and Bitstamp have negotiated this particular obstacle somehow.

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Re:Coinbase Raises $25 Million From Andreessen Horowitz by kolev on Saturday December 14, 2013 @02:28PM (#6906750)
Yeah, I found several arguments against my own statement - even in the Bitcoin context such as CampBX.
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