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RE: 📌 The Fastest and Easiest Way to Withdraw Your Steem Dollars

in #steem-help4 years ago

In my opinion, Coinbase is straight up dark side these days. Readers are welcome to decide whether they do or do not want to support a company that bites the hand that feeds. I personally do not, but of course I wouldn't presume to tell others how to respond. :) This is purely an FYI

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Not sure why you hate CoinBase, but I think they've made a pretty good platform that regular joes can use. Anything that puts cryptocurrency in the hands of a regular joe is great for the technology. I'd upvote CoinBase!

Yeah, they seem to be the "establishment" option. I've never used them personally but my girlfriend does. Seems to be reliable and whatever but I would definitely advise shopping around for the option that best suits your needs and preferences.

I just don't like any online wallet without private keys

Why is that exactly? What have they done wrong?

They helped the government to shut down Kick Ass Torrents

While this is true, I would also mention that pirating content is strictly illegal in the US and many other countries, and a company like Coinbase could be charged with "harboring pirates" simply by not disclosing information about an investigated person.

If you're meddling in illegal activities, you're exposing yourself to the wrath of the law. I'm not saying that Coinbase didn't go beyond their duty to help, this could have been very much the case, but Coinbase has its own politics to protect.

So if anything, I would say Coinbase is a little questionable in terms of privacy, but their concern is to continue running their business, even if it means helping the government. I'm sure there's some quid pro quo at some level for Coinbase having helped the investigation.

Unfortunately, while Coinbase may have crossed some boundaries with their assistance in the investigation, Coinbase has also opened the door for many more people to have access to BTC in the US, and that's at least a win for cryptocurrency.

Having said that, I am carefully keeping an eye on Coinbase because they are very much tied to banking, which many of us in the cryptocurrency community have quite a bit to say about.

I could point out that KAT did not pirate content, but it means little. The government didn't like them, so eventually they got disappeared in the night. What the law says is entirely irrelevant.

I understand your point and I'm not hating on them. Even though they might leave a sour taste in my mouth at times, I appreciate the important role they have been playing and don't mean to discourage anyone from using them. They do provide a good option for Americans that wish to connect their bitcoin wallet to their bank account.

you re right

@zerohero
I'm hating on them, though. Hating on them hard, because if it weren't for all the people who question copyright for years and years, and implemented solutions like the GPL license, well then almost certainly-- coinbase would not exist, because innovation would not have taken place, because copyrights and patents encourage a stagnant, hierarchical society.

Coinbase will track and report how you spend you bitcoin. Worth looking into

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