So it's now possible for two people to send and recieve local currency through coinbase without touching the blockchain? See what you can do when you have a money transmitter license, suddenly all the electricity spent computing and discarding hashes is no longer required.
This is awesome. In my mind the ability to send money or pay for things without worrying about what currency you're using was the main thing holding bitcoin back. now people can reap the benefits of the bitcoin network without having to deal with bitcoin. I know there are those that will hark on how "centralized" Coinbase is. I mean I agree it's not ideal but this has mass consumer appeal.
This page makes my browser crash the very moment I try to scroll down.<p>I tried it 3 times and every time it does that. Latest Firefox on Linux Mint.<p>I will not put my money there.
Some more discussion of this feature: <a href="http://www.reddit.com/r/Bitcoin/comments/3a3z82/coinbase_launches_instant_exchange/" rel="nofollow">http://www.reddit.com/r/Bitcoin/comments/3a3z82/coinbase_lau...</a>