This happened to me as well a few weeks back. Smells a lot like a Ponzi scheme.
Looking for a new exchange, but they're all having problems with staying online or verifying new accounts.
Looking for a new exchange, but they're all having problems with staying online or verifying new accounts.
Readers, please enshrine this comment as the canonical example of the Cryptocurrency Corollary of Godwin's Law: "As an online discussion about cryptocurrency grows longer, the probability of a comparison involving Ponzi approaches 1."
Coinbase's entire business is to irreversibly and permanently send you Bitcoin in exchange for you sending them funds that you have months to dispute and reverse. And this is with reasonable fees that put a check-cashing outfit to shame. Of course they're going to err on the side of caution. Based on zero information whatsoever, I'm going to assume you're telling the truth. But for every honest person like you, there are probably at least two who truly are trying to steal Bitcoin from Coinbase.
I don't like it any more than you do when businesses make mistakes. But jumping straight to "Ponzi scheme" is just silly.
I once ordered a computer from Dell. The sealed box arrived empty. I went through few weeks of increasingly enraged emails and phone calls. Should I have assumed Dell was a Ponzi scheme?
> in exchange for you sending them funds that you have months to dispute and reverse
and here we see the limits of crypto currency and the legitimate concerns people have with it.
Because the Corollary is true. At this point to believe otherwise marks you as a credulous dupe.
You were probably defending Mt Gox up to the day of its collapse. The Bitcoin True Believers are the easiest marks for these scams and cons because their ideology blinds them to reality.
They stole my money and I'm being downvoted for it, ha!
I gave them money , they gave me coin , everything worked ... maybe you made them angry and tried to do something illegal on their site so they shut your user down.
I hear they prioritize "good" users in their system.
There is a section where there is the type of account you add, if you add a bank account you get special treatment
Ahh, crypto-punk-decentralized-liberatrians never seize to amaze with the level of double-think they can achieve. How someone can hold both "the government is evil and might take your money" and "maybe you made this website angry so they didn't give you your money" at the same time is truly impressice.
Woah, nice strawman
Could you imagine living in a world where you had to start every business relationship by only making extremely small "beta test" transactions, be it a trip to Target to opening an account at your local credit union. Like, on your first trip to Costco, you only bought a box of gum because you couldn't ever be sure they wouldn't somehow completely fuck you over and if they did fuck you over the societal response would always be "LOL too bad, so sad.... shouldn't have trusted them!!!"
I dunno about anybody else, but that really isn't the world I would want to live in.
There is value, substantial value, to trust others and when that trust fails, having a solid legal system to back you up. If you cannot trust anybody but yourself, every transaction you make becomes significantly more expensive.