because of your delay, he lost $13226.98 at current market rate: http://www.wickedfire.com/shooting-shit/177828-where-my-bitc... I hardly think $50 is going to make him feel happy.

And because of their delays, many others have made money on the transaction. They pay out at the market price of when the order was placed.

The OP thought it was worth it then, and bought them then.

What you seem to be missing is that the OP tried to buy them then, Coinbase did not process the transaction in a timely manner, and subsequently bought the coins for the OP today after the OP's post at the original price, having already breached the purchase agreement.

This is a pretty close to being a classic contract law case, except with bitcoins rather than tangible goods. If this goes to trial, the outcome is not likely to be favorable to Coinbase.

On the contrary. I don't want to fan the flames of conspiracy theories... but there is a very real possibility that if the market went _up_, Coinbase would have refunded the money as USD instead of BTC.

Only if Coinbase can prove to the public that they are consistent on matters like this would your assertion be correct. But if Coinbase were inconsistently applying their policies... they can make a very pretty penny on scamming their customers.

Transaction Delays are a serious problem.

Now, according to the edit, Coinbase did the right thing here and are eating the loss. So Coinbase is doing a good job at damage control...

At any time between then and now, the OP could have realized his mistake and sold the bitcoins for a lesser loss had they been in possession of the bitcoins.

Coinbase is not for trading though. He should have purchased on an exchange then.

Do I need to quote their homepage? "Hook up your bank account to start buying and selling bitcoin in minutes. It’s that easy."

He may not have held on to them, which he was forced to due to the delay.

AMEX Starwood card ($65/y) is the best card for the hotel rewards. The hotels that are part of their network are great. The link to the card is here: http://www262.americanexpress.com/business-credit-cards/busi... Check out the hotels that are available on, and how much each night in a hotel is: http://spg.com You can get some really great hotels for 7000-10,000 points per night. Every dollar spent = 1 point, and that can go up as you spend in different places. AMEX is very startup friendly. This particular card has free employee cards. When you get going further in your business, look at a few of their charge cards (which are not credit cards - you have to pay them off in full each bill). The AMEX Gold is one of them.

Side question: how do business card rewards work from an accounting/tax standpoint? Do the rewards (say 5 free nights at a Westin) have to be used for biz travel? Do they count as income?

Here is a little insight to answer your question: http://taxes.about.com/od/income/qt/credit-card-rewards-and-... I would still consult an accountant as well.

Moniker is my favorite hands down: http://moniker.com They are also a favorite of domainers for their features and support. In my opinion they have unmatched security, and will fight to keep your privacy when using whois protection (unlike another popular registrar listed here as an alternative to GoDaddy, from my own personal experience).

Plus, their control panel pages to assign custom nameservers doesn't work half the time! (or at least, it didn't in 2010 when I used them).

And, should you instead choose their DNS service, they'll throw in some free 3-4 hour total outages with no explanation from customer service! [1]

My recommendation would be to stay as far away from Moniker as you possibly can.

[1] https://www.google.com/search?q=moniker+dns+outage

OS/2 is still in use in NYC's subway MetroCard system... shocking. The city is probably being squeezed out of tons of money to maintain technology that is ancient.

I don't find it all that surprising. A few large insurance companies still have a lot of their (core) software written in COBOL and outsource its upkeep to IT companies. It's a big expense, nobody likes it; but replacing it would cost more.