r/Bitcoin•
Cannon-C

The problem with using coinbase as a consensus survey

First, I applaud 1 u k e J - R for putting out the effort to gather a survey on people's viewpoints. I can understand the need for a sybil resistant way of doing so. But in my opinion coinbase is a horrible system to use for this purpose as it excludes those whom value privacy and financial liberty. I dislike coinbase, I used to use coinbase, they were good at one point. But I will never use them anymore so long as they are IRS spies and KYC/AML compliant. I refuse to do business with anyone whom is government compliant in terms of KYC/AML.

A true bitcoin user will buy from non government compliant decentralized exchanges such as bisq or local bitcoins or earn it from selling products or services.

Bitcoin is about destroying government control of our economy, not being compliant.

Posted Jul 16, 2017, 9:55 PM UTC

02
Loading comments…