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by dogma1138
3263 days ago
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You don't have bitcoin on Coinbase you have an entry in a database that says Coinbase owes you X amount of bitcoins. Yes it's a little more complicated than that but the analogy still stands. Coinbase is a hosted wallet with no key control meaning that you do not have any control over the transactions of that wallet. The other aspect of Coinbase is a nice interface for the GDAX exchange with about double the fees. In either case if you care about the security of your investment create an wallet transfer the bitcoin into it and keep it offline. For the fork you would like to use a node that is compatible with the proposal you support, if you have no opinions I suggest just accept the current leading consensus and be done with it. |
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p.s. I studied computer science, am reasonably fluent in computer security, but not a crypto or bitcoin expert.