News for hackers. Stuff that matters.
Re:Sent $35,104.11 USD to CoinBase. Never received Bitcoins by jeremyrwelch on Wednesday December 18, 2013 @04:23PM (#6930889)
This is definitely ridiculous. The loss of value was not on the fault of Coinbase, but the result of market swings.
Re:Sent $35,104.11 USD to CoinBase. Never received Bitcoins by bsiddiqui on Wednesday December 18, 2013 @04:29PM (#6930932)
but he wasn't able to react to market swings for 5+ days after he was supposed to receive delivery
Re:Sent $35,104.11 USD to CoinBase. Never received Bitcoins by PeterisP on Wednesday December 18, 2013 @08:27PM (#6932305)
If you delay orders due to your fault (no matter if it's liquidity, intentional, technical or whatever) then you're liable for the market swings of the delayed good.
Re:Sent $35,104.11 USD to CoinBase. Never received Bitcoins by jlas on Wednesday December 18, 2013 @05:08PM (#6931203)
Sure, but the question is: if Coinbase placed the order today, that suggests they kept the ~12k loss for themselves. Is that rightful profit?