I've used Coinbase since WAY back in 2015. Always thought they had a good service! Unfortunately, They started with the KYC compliance.
(Not my first BTC purchase, but my first from Coinbase)
I was really disappointed in them when they chose to comply. It made them seem unprincipled. Coinbase IS a business however, and, even though in my opinion it was the wrong decision, I could understand, from a business owner's prospective, how that could be a hard decision to make. I lost some respect for them that day though, and became more hesitant to use their service.
Now, it seems like they are actively "siding with the enemy", so to speak. According to this Decrypt article, Coinbase has signed a 1.36 million dollar contract with ICE (The U.S.'s Immigration and Customs Enforcement). They also, apparently, have been marketing analytic tools to the secret service and the IRS!
They have obviously lost sight of the spirit Bitcoin and other cryptocurrencies were created in. I feel I have a moral obligation to withdraw my support and patronage to any service that take actions antithetical to the original purpose. That's why after 6 years, and many transactions, I decided to delete my Coinbase account, just like I did Binance. (Would have sooner if I had caught the news earlier)
If you're new to crypto, or you've been here a long time and have just forgot, understand this.
"Number go up" is a small fraction of the game we're playing here. That's a good thing, but not if it costs us what we've been fighting for. Privacy, resistance to censorship, financial independence and freedom.
Regulation of crypto is ALWAYS a bad thing. This space has thrived not precisely because of the absence of our respective governments. Granted, the more they try, the more we innovate around them, but regulators / law enforcement / law makers should be viewed as the parasites they are, and under NO CIRCUMSTANCES invited in. A free market regulates itself.
Anyway, Now I'm in the market for a new exchange where I can get in and out of fiat, if need be. Any recommendations? @ausbitbank? You're the privacy guru. Have a favorite exchange?
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Not sure about my favourite, but lately I've been using sevenb.io a bit, It's effectively binance without kyc. Supports hive with a 2btc daily withdraw limit
I'll check it out first thing in the morning. Thanks man!
Good on ya man, I'm gonna check out that 7b app as well. Also, might wanna update that st**m monsters banner on the bottom of your page :) I think Splinterlands would look much better.
Gave it a quick look this morning. Probably going to need to use a VPN or something where I'm in the states. Hopefully I can get it working.
😆 Yea, I've been meaning to do that. I dig the "retro" look though, it's been kinda hard to part with. Now that you mention it though, it does kind of bring back memories of Steem 🤮.
I haven't tried to sign in yet, will be interesting to see what it allows me to do here in MX. I also have a VPN which usually links me to the states, so that won't help me either, lol.
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