This is, of course, a deliberate design choice by Coinbase and not a
consequence of any technical limitation in Bitcoin at present. I have
spoken at length on my feelings about Coinbase balkanizing the space to
discourage external transactions. (And all their other shenanigans and
general lack of transparency or consideration for a UX that is good for
Bitcoin.)

On Tuesday, July 15, 2014, Thomas Hartman <thomas@???> wrote:

> Can you make it easy to for instance:
>
> Pay bitpay merchant from Coinbase account, keeping it off blockchain and
> instant and cryptographically verifiable that no hanky panky.
>
> Federated clearing systems that solve the above type of scenario are going
> to be first big boost for systems like open transactions ho.
>
> This is a real world problem BTW.
>
> Sometimes Coinbase to bitpay merchant payment exceeds 15 minute bitpay
> price window and purchase fails, and then you are in refund/ customer
> service hell.
>
> If 1 mb block limit is not increased which I predict is the case this type
> of problem will happen with higher and higher frequency.
>
> Tldr help bitcoin become a clearing currency and you and ot will have
> great success.
>
> Current demand is probably low because blockchain fees are cheap but the
> future is in off chain federated transaction processing.
>
> Good luck!
> On Jul 14, 2014 11:26 PM, "Uwe Cerron" <uwecerron@???
> <javascript:_e(%7B%7D,'cvml','uwecerron@???');>> wrote:
>
>> Hello,
>>
>> I was wondering what are your opinions on decentralbank.com, i began
>> building it as a colored coins bitcoin wallet complementary to open
>> transactions audit servers, by storing bitcoin funds inside the audit
>> server which act as multisignature wallets among other things, people would
>> exchange the rights to the bitcoin and skip transaction fees, i thought
>> this would be very useful for low income countries.
>>
>> I will be using open transactions technology and will be expanding audit
>> servers which allow multi signature deposits to support colored coin
>> definitions as a way to create a decentralized asset definition storage for
>> colored coins. I was wondering if you guys think there is demand for this
>> or am i just wasting my efforts?
>>
>> The repo is open source and located here https://github.com/DecentralBank
>> Open transactions audit servers are part of the voting pools scheme for
>> those of you who don't know here is the link
>> http://opentransactions.org/wiki/index.php?title=Category:Voting_Pools
>>
>> Thanks,
>> Uwe Cerron
>>
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>> unSYSTEM mailing list: http://unsystem.net
>> https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem
>>
>>