⭐ Merited by o_e_l_e_o (1)
Today I learned that Coinbase doesn't already batch their transactions.
I mean, seriously? This is bitcoin 101. Completely basic stuff. This has been trivial to do for years, and Coinbase are only just implementing it now?
I mean, seriously? This is bitcoin 101. Completely basic stuff. This has been trivial to do for years, and Coinbase are only just implementing it now?
Do you know what's more hilarious?
Quote
@brian_armstrong
Coinbase is working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!
January 12, 2018
Coinbase is working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!
January 12, 2018
He has deleted the above one but then
Quote
@brian_armstrong
Batched transactions should be coming out in a few months. Embarrassing how long it has taken, turns out there is a lot of stuff to build in a growing company
4:58 AM - Jun 6, 2019
Batched transactions should be coming out in a few months. Embarrassing how long it has taken, turns out there is a lot of stuff to build in a growing company
4:58 AM - Jun 6, 2019
I wonder what the effect on the mempool will be, but it's hard ta calculate, the hashrate is dropping by around 4% so less capacity, this panic taking over...
Probably comparing txs and outputs per day before and after might give a better image.
don't get me wrong but anyone still use coinbase?
Yeah, a lot of people. If you get past the lies of the fake number of coinmarketcap and the fake volume you will see that coinbase actually has a huge chunk of the market. They are holding about 1 million coins in cold storage, more than any exchange and god knows how much fiat.