You are viewing a single comment's thread from:
RE: Coinbase Complicit with FBI in Shutting Down Kick-Ass Torrents
Why is everyone surprised when Coinbase follows the laws and helps law enforcement? Their whole company is based on following the rules and getting people from FIAT to BTC/ETH and from BTC/ETH to FIAT. Why would they jeopardize their whole business by not assisting the FBI or following the rules? They are providing a service that is easy for anyone to use. If you don't like it don't use it!
because the fbi is bullshit when they cant arrest clinton but can arrest a guy who doesnt even live in the us for doing basicaly nothing. his arrest will not stop a single torrent file from being shared for even a second.
Just like on steemit money = power.
pretty sure the guy who ran kickass torrentz had money. clinton has more than money.
I appreciate your perspective, and you make a valid point. I'd just like to point out that I don't use it. I closed my account with them. :D
Thanks! We NEED companies like them if BTC ever has a chance at going mainstream. Most people don't want to meet in a parking lot to do a Localbitcoins exchange.
Not anymore, we don't. Steem effectively fixed that. Now rather than submitting yourself to a criminal interrogation and week-long delay while they get past the guilty until proven innocent stage, people can just start earning Steem and trade to BTC or any other crypto from there.
The mainstream is not going to suddenly start going through Coinbase (which treats them like criminals) to buy BTC with their hard-earned fiat. They aren't going to spend a cent on it, much less waste hours and days of their lives doing absurd verification procedures. I do blockchains professionally and I won't go through those absurd verification procedures (admittedly for a much different reason). But when people can post on social media, get paid in crypto, then trade that crypto on an altcoin exchange (which treats them like a customer), and buy something on Amazon with it (thanks, Purse.io, for not going darkside), then you've created an experience a soccer mom can handle.
I just think non crypto folks are more likely to go through coinbase than to trade on an altcoin exchange.
That happens? not online?
Why Jeopardize? Because people will wake up and boycott you. {ay attention to what is happening in Social media. Giving in to criminals is just as bad as committing the crime yourself. I send my money overseas if I have to just to avoid coin-base. I have done this for some time now.
You have a great point though on the other part: I'm not surprised...
This reminds me of a story I just heard about where a burglar just had to stop and check his facebook notifications from a house he was robbing. Not comparing what they do to burglary, just think, if you're going to use a bitcoin account to receive funds for torrents, maybe it shouldn't be with the account Coinbase hands to you.
You mean use basic privacy measures while profiting off gray area websites? That seems really hard. /s
I am with you my friend. Like he say don't use it