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  4. Coinbase experiencing major outage as crypto prices plummet

Coinbase experiencing major outage as crypto prices plummet

Scheduled Pinned Locked Moved The Insider News
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  • K Offline
    K Offline
    Kent Sharkey
    wrote on last edited by
    #1

    The Verge[^]:

    Coinbase users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices.

    "God Himself could not sink this ship."

    Convenient timing on that "sorry, you can't withdraw your money" problem. How very 1929 of them.

    P D D 3 Replies Last reply
    0
    • K Kent Sharkey

      The Verge[^]:

      Coinbase users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices.

      "God Himself could not sink this ship."

      Convenient timing on that "sorry, you can't withdraw your money" problem. How very 1929 of them.

      P Offline
      P Offline
      Peter_in_2780
      wrote on last edited by
      #2

      Next: NFTs of the "I lost everything in the crypto bust" sob stories.

      Software rusts. Simon Stephenson, ca 1994. So does this signature. me, 2012

      1 Reply Last reply
      0
      • K Kent Sharkey

        The Verge[^]:

        Coinbase users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices.

        "God Himself could not sink this ship."

        Convenient timing on that "sorry, you can't withdraw your money" problem. How very 1929 of them.

        D Offline
        D Offline
        dan g 0
        wrote on last edited by
        #3

        Shame

        .dan.g. AbstractSpoon Software email: abstractspoon(dot)todolist(at)gmail(dot)com

        1 Reply Last reply
        0
        • K Kent Sharkey

          The Verge[^]:

          Coinbase users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices.

          "God Himself could not sink this ship."

          Convenient timing on that "sorry, you can't withdraw your money" problem. How very 1929 of them.

          D Offline
          D Offline
          David ONeil
          wrote on last edited by
          #4

          An unregulated, decentralized currency. What could possibly go wrong? :doh:

          Our Forgotten Astronomy | Object Oriented Programming with C++

          Greg UtasG 1 Reply Last reply
          0
          • D David ONeil

            An unregulated, decentralized currency. What could possibly go wrong? :doh:

            Our Forgotten Astronomy | Object Oriented Programming with C++

            Greg UtasG Offline
            Greg UtasG Offline
            Greg Utas
            wrote on last edited by
            #5

            Little more than with a regulated, centralized currency.

            Robust Services Core | Software Techniques for Lemmings | Articles
            The fox knows many things, but the hedgehog knows one big thing.

            <p><a href="https://github.com/GregUtas/robust-services-core/blob/master/README.md">Robust Services Core</a>
            <em>The fox knows many things, but the hedgehog knows one big thing.</em></p>

            D 1 Reply Last reply
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            • Greg UtasG Greg Utas

              Little more than with a regulated, centralized currency.

              Robust Services Core | Software Techniques for Lemmings | Articles
              The fox knows many things, but the hedgehog knows one big thing.

              D Offline
              D Offline
              David ONeil
              wrote on last edited by
              #6

              I guess that depends on your definition of 'little.' The money in my wallet doesn't just disappear. [How Many Cryptocurrencies Have Failed In 2021? - E-Crypto News](https://e-cryptonews.com/how-many-cryptocurrencies-have-failed/)

              Our Forgotten Astronomy | Object Oriented Programming with C++

              Greg UtasG Richard Andrew x64R D 3 Replies Last reply
              0
              • D David ONeil

                I guess that depends on your definition of 'little.' The money in my wallet doesn't just disappear. [How Many Cryptocurrencies Have Failed In 2021? - E-Crypto News](https://e-cryptonews.com/how-many-cryptocurrencies-have-failed/)

                Our Forgotten Astronomy | Object Oriented Programming with C++

                Greg UtasG Offline
                Greg UtasG Offline
                Greg Utas
                wrote on last edited by
                #7

                True, it disappears more slowly than outright frauds. That's what keeps the game going.

                Robust Services Core | Software Techniques for Lemmings | Articles
                The fox knows many things, but the hedgehog knows one big thing.

                <p><a href="https://github.com/GregUtas/robust-services-core/blob/master/README.md">Robust Services Core</a>
                <em>The fox knows many things, but the hedgehog knows one big thing.</em></p>

                1 Reply Last reply
                0
                • D David ONeil

                  I guess that depends on your definition of 'little.' The money in my wallet doesn't just disappear. [How Many Cryptocurrencies Have Failed In 2021? - E-Crypto News](https://e-cryptonews.com/how-many-cryptocurrencies-have-failed/)

                  Our Forgotten Astronomy | Object Oriented Programming with C++

                  Richard Andrew x64R Offline
                  Richard Andrew x64R Offline
                  Richard Andrew x64
                  wrote on last edited by
                  #8

                  David O'Neil wrote:

                  The money in my wallet doesn't just disappear.

                  The money in your wallet is currently disappearing at a rate of over 10% per year, thanks to inflation.

                  The difficult we do right away... ...the impossible takes slightly longer.

                  D 1 Reply Last reply
                  0
                  • Richard Andrew x64R Richard Andrew x64

                    David O'Neil wrote:

                    The money in my wallet doesn't just disappear.

                    The money in your wallet is currently disappearing at a rate of over 10% per year, thanks to inflation.

                    The difficult we do right away... ...the impossible takes slightly longer.

                    D Offline
                    D Offline
                    David ONeil
                    wrote on last edited by
                    #9

                    Yes, but at least it still totals up to $1! :laugh:

                    Our Forgotten Astronomy | Object Oriented Programming with C++

                    Richard Andrew x64R 1 Reply Last reply
                    0
                    • D David ONeil

                      Yes, but at least it still totals up to $1! :laugh:

                      Our Forgotten Astronomy | Object Oriented Programming with C++

                      Richard Andrew x64R Offline
                      Richard Andrew x64R Offline
                      Richard Andrew x64
                      wrote on last edited by
                      #10

                      Yes, but to the original point, it's the value of that dollar that changes. And isn't that what's changing with cryptocurrency, the value? You can still have 1 whole bitcoin, but its value in dollars has changed.

                      The difficult we do right away... ...the impossible takes slightly longer.

                      D 1 Reply Last reply
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                      • Richard Andrew x64R Richard Andrew x64

                        Yes, but to the original point, it's the value of that dollar that changes. And isn't that what's changing with cryptocurrency, the value? You can still have 1 whole bitcoin, but its value in dollars has changed.

                        The difficult we do right away... ...the impossible takes slightly longer.

                        D Offline
                        D Offline
                        David ONeil
                        wrote on last edited by
                        #11

                        My point was that crypto is a scam, and your dollar becomes absolutely nothing but a vague memory. An interesting video that outlines it really well: [Line Goes Up – The Problem With NFTs (and crypto)](https://www.youtube.com/watch?v=YQ\_xWvX1n9g)

                        Our Forgotten Astronomy | Object Oriented Programming with C++

                        1 Reply Last reply
                        0
                        • D David ONeil

                          I guess that depends on your definition of 'little.' The money in my wallet doesn't just disappear. [How Many Cryptocurrencies Have Failed In 2021? - E-Crypto News](https://e-cryptonews.com/how-many-cryptocurrencies-have-failed/)

                          Our Forgotten Astronomy | Object Oriented Programming with C++

                          D Offline
                          D Offline
                          Dan Neely
                          wrote on last edited by
                          #12

                          Just remember that Web3 is going just great[^] πŸ’ΈπŸ’ΈπŸ’Έ

                          Did you ever see history portrayed as an old man with a wise brow and pulseless heart, weighing all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius

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