287 karma · joined December 18, 2015
This isn't a new issue and afaik no one has lost any money. Coinbase has a backlog. If you want to use Coinbase, you'll have to deal with the backlog. Otherwise, you'll have to deal with their "support".
One thing that gets ignored on the west coast is how to specialize without hurting your career. In the southeast, we don't have endless tech companies, if you specialize poorly, you could get stuck with relocation being the only answer.
Personally, I'm telling a lot of my friends to put a few hundred bucks (money they won't mind losing) into coinbase and evaluate afterwards. At the least, it's an interesting tech/story so having some money involved makes it fun. There's also speculative upside, though idk if we're past the "easy money" stage or not.
I still think "investing" in bitcoin is a gamble and I'm not convinced it should have a place in your portfolio. Not only because of the speculative risk, but the added risks of forks, hacks, etc. I'm really concerned about how liquid the market is and should an event happen, the little liquidity that exists will dry up.
https://github.com/TryGhost/Ghost https://github.com/TryGhost/Ignition
Most of this stuff is just from experience and knowing what you need in a production application. Can you get away with no logging/monitoring? Sure, but I'd hate to be the guy trying to debug an error. Similarly, rotating keys sucks and you never want to explain to an auditor why sensitive info isn't encrypted.
Marak mentioned the lack of tests. Logging is inconsistent - half is console.log, half is winston, and none of it is exposed to the user. No monitoring. No secret management. This was not designed to scale.
I can't even find the SDKs they were advertising.
My friends, who are more interested in the space than I am, compare where crypto is now to the beginning of the internet. We're still trying to determine who's netscape/AOL/amazon/google and to some degree, what the underlying protocols are (tcp/ip = ethereum?).
Honestly, I don't see the true value of the blockchain yet. Most of the proposed ideas could be cool, but have no value or aren't practical. What I do see, however, is increased attention in Japan and Latin America. In the US, I think it's coming into mainstream attention. And if we find one real use case that allows mainstream adoption, it will be huge and transformative.
As a former trader, I don't mind speculating on the hype, but if we're still on the "ground floor" of what crypto could one day be, a little speculation could be a huge investment one day.
The money isn't meaningful and I'm 100% ok losing every dollar because I can't justify putting significant money in. That being said, I do know people who have made very significant money over the last year because everything keeps doubling.