Get out while you can
Coinbase has now dramatically slowed transfers, according to people I know who are trying to get BTC out before the fork, and is requiring additional identification for transfers out over a certain USD amount.
With BCC futures trading on some exchanges ~2200 USD it is obvious that Coinbase does not want to lose one of the largest fundraising opportunities they could have. Speaking with those who went through the ETH DAO split I learned that it took many months for Coinbase to finally release private keys for members to collect their ETC.
What Coinbase is doing flies in the face of everything that is decentralized unbanked democratized financial opportunities.
Coinbase holds your private keys and does not release them. If they were to release them to customers accounts could be restored elsewhere after assets were frozen, seized., or service suspended by Coinbase.
The most well known example of this already occurring is the CoinTelegraph article: "Coinbase Freezes Free Ross Ulbricht account"
We Need a Completely De-centralized international exchange
Until we have a completely decentralized exchange, which everyone can join, we will not reach the potential of FinTech. In New York we only have access to Coinbase and they are able to act as a monopoly.
Does the technology exist? How could we develop this exchange? Do you think this could democratize access to FinTech like I do?
the Coinbase logo is being used under the fair use principle
Please Resteem and follow!