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by twblalock 2523 days ago
I suppose this is a good time to ask whether Coinbase thinks they are a bank, or a brokerage, or both.

If they are a bank, this isn't the end of the world. I've had online banking outages at "normal" banks. It is still a bad thing, but there are other ways I can get my money, like going to a branch.

On the other hand, if Coinbase is like a brokerage, this is really bad. And let's face it, most use of crypto is for investment and speculation purposes. For trades to fail for half an hour is really bad. If they are running this thing like a startup on MongoDB (seriously?) I don't see how anyone who puts their money in can have any confidence of getting it back out.

1 comments

> If they are running this thing like a startup on MongoDB (seriously?)

Do you base this on recent info (latest versions w/ Jepsen tests)? If so, what specifically makes Mongo a "startup" db?