[wmf]

Coinbase has been discussed several times on HN.

[cstejerean]

Hooking up a bank account to a bitcoin related startup seems risky, and waiting 4 days for funds to post seems inconvenient.

[mtgx]

Why do you think it's risky? In principle, is it that different than using Facebook credits? I don't think Bitcoin is illegal in US.

[JoshTriplett]

> Why do you think it's risky?

Probably because every new bitcoin processor seems to rediscover the same set of security holes and insecure practices.

[garry]

Coinbase is run by Brian Armstrong who used to lead anti-fraud at Airbnb. He's a pro.

[cstejerean]

Because security is hard, and when you are storing untraceable money you become an attractive target way before you get big enough to invest heavily in security.

That said, Coinbase has raised some cash, so perhaps they can avoid this fate.