← Back to context

Comment by conception

2 months ago

Lol “Non-technical teams are now shipping production code” definitely what I want my financial institution doing.

That statement does not inspire confidence considering how ripe crypto is for hackers/scammers, if anything it makes me want to close my Coinbase account.

  • Very early in the first Bitcoin boom cycle I had a friend who was into it, so I opened a Coinbase account because I thought it'd be funny to pay him the $15 I owed him for lunch or whatever in Bitcoin. I bought the $15 on a credit card, sent it to his wallet, we had our laughs about it, and I moved on. Years later, after it became clear that the only purpose of cryptocurrencies is scams & crime, I went to close my Coinbase account just for some basic digital hygiene. Except I found out that now, they only let you log in if you have an external bank account associated with your Coinbase account. And you can't delete your account without logging in. And there's no way in hell I'm associating my real bank account with a scam & crime agency. So I'm stuck with a Coinbase account I can't close or even log in to. Lol.

    • There's a law for that. If Coinbase did not require an external bank account to create the coinbase account, by law, they cannot require one to close the account. At least, that is what I have been led to believe. You could sue.

      4 replies →

    • If you joined when Coinbase was still giving 0.1BTC signup bonuses, it might be worth trying to retrieve the account

    • For what it's worth my Coinbase account, which I've never used for anything but sign up bonuses, seems to be linked to Google Pay but not a bank account. I just checked and I can still log in.

Exactly. That is completely irresponsible of them.

It takes one massive breach and theft from the exchange as a result of this and they are cooked.

Exchanges never recover after billions of dollars get stolen from the exchange.