That's a different situation. Those Stellar tokens didn't go into /dev/null. They went into the hands of Coinbase, they're just not crediting you. It's not that they can't do anything about it, they just aren't.
Correct. To be specific, instead of providing a unique address per deposit, Coinbase instead provides one address, and identifies individual deposits to that address using a Stellar "memo." The same issue is present with Ripple.
This isn't a problem with Stellar itself, but more how Coinbase decides to approach the issue. But Stellar does require a 0.5 XLM commitment to "open" an account on-chain, which is probably what holds Coinbase back.
Otherwise, Stellar is a very reliable and focused chain, and has a stable fee market (which means a lot these days!).
I don’t know whether that’s better or worse, but I dislike it roughly as much. No other financial institution in the world can “just not” anything without me having some recourse.
This isn't a problem with Stellar itself, but more how Coinbase decides to approach the issue. But Stellar does require a 0.5 XLM commitment to "open" an account on-chain, which is probably what holds Coinbase back.
Otherwise, Stellar is a very reliable and focused chain, and has a stable fee market (which means a lot these days!).