Coinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email, literally.
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Coinbase CEO Armstrong Wins Patent for Tech Allowing Users to Email Bitcoin
https://www.coindesk.com/coinbase-ceo-armstrong-wins-patent-for-tech-allowing-users-to-email-bitcoin
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Copying and pasting a email is no different to copying and pasting an wallet address I don't think this will work. It's not beneficial… making a email account is no different to setup up a coinbase account
All you have to do is give them your bitcoin address, and private key. What could go wrong?
Unstoppable Domains has already done something like this
sorry but this is trash. 48 hours? patented? coinbase? ugh
it needs to be immediate, it needs to use a 2nd layer like lightning. it needs to be open source.
Sounds really slow!!!
There are some games i play in my phone that send eth, btc, and ltc to my coinbase wallet using nothing but my email. It's nice not to have to copy and paste my wallet address every time i cash out
Another thing that will absolutely no bearing on Bitcoin..every few days "Bitcoin is going to the moon beacuse.." yet it keeps going down..no one cares about Bitcoin other than the small minority of the world.
This just looks like a custodian service. Coinbase is going to lend out the bitcoin and earn interest, that is why they can pay miner fee, and why they will hold funds for minimum 48 hrs
I can easily email a QR code to anyone and they can easily deposit any crypto into my acct. Instant transaction. So, what's the point? Why do we need an invention? Inventions imply ownership and centralization.
Did you say 48 Hours to clear ? That is not going to work for me. I am not going to wait 48 hrs to receive my money. It needs to be instant.
Thats already available, on zelcore wallet. Using cruxpay. Send me any crypto on [email protected]
Bitcoin is the king of currency!
Email accounts are the most hacked thing ever.
Coinbase is easier to use . Yes they take a cut every time you sell. Make sure you download all your devices computer iPad and phone And make a copy of your key put it in your safe so you won’t forget your private key if you lose your phone you have a back up. Just sold my second car to buy 2 bitcoin Holding for the long run
Sounds like it will be more vulnerable thru email. il have to see how it all shakes out. until then private key and private wallets/hard cold storage wallets are the BEST!!!
Great Video like always Aron!
Surely we'd just need BTC functionality built into our local email client, then link our private key to our email client and voila, we can send BTC from our email client to other email recipients*. In terms of receiving BTC via email, just need to have a decentralised naming system that resolves email addresses to public keys. This could be set up automatically when you give your email client access to your private key and if the receiving email address isn't resolveable to a public key, you won't be able to send it. To do this using a cloud based email client is a little naive, but you could take the API from an exchange account that holds a small balance on it, and give the email service access to it I suppose, as you would a trading bot. Never hold all your BTC in an exchange wallet tho.
Coinbase now has 48 hours to "PLAY" with YOUR Crypto's. The same use the current Banking system has found for your fiat transfers …. and here we go again.
Bitcoin lives
I don't see how this email stuff is anything that will help spread adoption…certainly not like wildfire. Currently, I can send bitcoin to anyone directly in a fraction of time without needing a middle man to oversee the transaction. At the end of the day you still need wallets, private keys, and everything else if you want to hold BTC. This part of the article is a nothing burger…I wonder what fees Coinbase will charge for this service in addition to the usual high fees lol.
they sold out to the fedz just like goooooogle
dude what are you talking about, this has already existed for years now. I first found out 2 years ago when someone emailed me for a gpu i was selling and i asked for payment in crypto and he sent it to my coinbase account without me giving him any info at all. I first panicked and was like wtf i didnt give you a sending address, but he sent it to my email address which showed up on coinbase.
Not a great idea if you ask me.. Watch it get hacked. Hackers are licking their chops
This is big, very big specially for not internet savvy people. Email a some satoshies, wow!
What we need is an email service through the blockchain. How come no one thought of this. A @blockchain email account. Keep it inside the ecosystem.
https://blog.blockchain.com/2014/08/26/tutorial-how-to-send-bitcoins-using-email-or-sms-messages/
Hedera Hashgraph wins
Why am I still subscribed to you??!! Everyday, all I see is stupid video titles.
Great News but i don't trust Coinbase. Hidden fees will pop up somewhere when their 'Email bitcoin' starts to see adoption.. Will wait for other exchanges and Crtpto projects to copy the tech…
The mainstream exposure seems like a great upside here. Without knowing the safeguards, however, the ability to send BTC via email terrifies me in regards to security.
Bitcoin Daily
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Will thanks for this news ,,the thing is I buy bitcoin in coinbase and they hold up my bitcoin for 21 days ,,until and finally I got it today,,
No dont let google track your bitcoin and wallets address.
Well done BTC ?
48hours transfer time is embarrassing. Xrp to the moon
Wouldn't this be unsafe
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