Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More

Re:Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More by blfr on Tuesday January 20, 2015 @11:13AM (#8917597)

Wasn't Bitcoin always meant to be cash for computers? Bulk of cash belongs in the banks.

Mere possibility of running a node on your own and sending money directly alters the dynamic. You can use a third party service if you like. You have to use a third party to transfer dollars over the Internet.

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Re:Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More by nmeofthestate on Tuesday January 20, 2015 @01:04PM (#8918321)

"Wasn't Bitcoin always meant to be cash for computers? Bulk of cash belongs in the banks."

I'd say most money lives in banks. Most cash is out in the world.

A downside of having someone else hold onto your BTC on a website is that you can't spend it in the ways that are supposed to make BTC powerful.

On the other hand, you do still reap the benefits of the rock-solid wealth-storage device that is BTC. And where could be a safer place for your BTC than a website on the Internet? Those things never get hacked.

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Re:Coinbase Raises $75M from DFJ Growth, USAA, NYSE, and More by oafitupa on Wednesday January 21, 2015 @12:02AM (#8921546)

So you never heard of multi-signature? You can have that even on Coinbase.

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