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by bushido 4571 days ago
I will refrain from calling out coinbase for their alleged improper management and execution of transactions(alleged by me in great details in the previous threads) due to retracting a couple of my comments (on my own behest) due to drawing conclusions based on misunderstanding a reply to one of my posts. I have decided to subdue my biases against CoinBase practices for a few days for health reasons.

But, some of the issues that were highlighted may be prevalent here, as they do seem to behave like an exchange (even though they are allegedly not one even though they fit the definition).

Before someone points this out, its true that bitcoin is not recognized as a currency in the US, but it is considered a security by SECs definition of what a security is.

By CoinBase's definition they buy and subsequently sell or buy-back BTC like an ecommerce product. Wonder why an e-commerce product previously sold by them would be "offset" or reversed due to potentially fraudulent activity?

Also, it can be alleged that the OP is not being completely forthright about the full story? I don't believe that the OP is hiding anything.

If the OP did send and receive BTC thus technically having different BTC than the ones CoinBase sold to the OP is there any reason that all incoming BTC transactions cannot be classified as fraudulent?

I will not personally answer any of these questions even though I want to.

The previous threads are at: [0] https://news.ycombinator.com/item?id=6929705 [1] https://news.ycombinator.com/item?id=6933360

edit: spelling and grammar