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[–] • 8 pts

Where are the crypto nerds trying to convince people this is a safe and uncontrolled alternative to fiat?

[–] • 8 pts

You need to educate yourself on what the title of this post means

[–] • 10 pts

You need to educate yourself

Shut the fuck up you lazy piece of shit.

If you have a point, make it, don't shift the onus of your point onto another person you fucking coward.

[–] [deleted] • 3 pts

This is the kind of reality-check that every member of our government needs to hear 10x a day.

[–] • 1 pt

Sounds like you need to be educated too!

[–] • 1 pt

The point is.....

Not Your Keys, Not Your Coins.

[–] • 0 pt

@BAELisREAL @INCANUS why did ya downvote instead of talking to me?

[–] • 2 pts

You need to reread my comment.

[–] • 4 pts

Heh. The complexity that's developed surrounding crypto, and the scams and governmental interference taking place because of it, is the greatest barrier towards its becoming useful enough to be an actually currency and that barrier may be insurmountable.

To put it simply: Several companies started offering services that made it simpler to utilize crypto for practical purposes. Some of those companies were scams. Others were robbed. Others started restricting their customers to kowtow to governments. Some were just completely shut down by government.

There are supposed to be some p2p distributed trading platforms that can take their place. Not sure I'd trust them, I haven't looked into them.

I also suspect that at some point governments around the world are going to lock down the internet, hard. It will be made impossible for p2p networks to form. This reason given will be to "prevent espionage", or "block piracy", but a major reason will be to block crypto from working. (It will also break quite a bit of the internet's functionality and kill off some small companies, while the monopolies cement themselves further.)

[–] • 1 pt

Probably still broke after getting goxxed. Remember mtgox? Yeah that, but modern and politically motivated.

[–] • 0 pt

Because you can still download crypto onto a cold wallet and use it peer to peer without an exchange like coinbase.

[–] • 2 pts

The transaction will still wind up logged in the blockchain, that is if the device storing the wallet isn't bricked remotely for any reason.

[–] • 1 pt

You can’t brick a wallet remotely.

[–] • 0 pt

It’s like cash dummy.

If u put it in the bank, they can take it away easily.

If you have it in your pocket, they can’t.

[+] [deleted] • 0 pt
[–] [deleted] • 5 pts

Magic internet money!

[–] • 1 pt

Seems like a totally great time.

[–] • 3 pts

How the fuck is that not massively illegal?!

[–] • 7 pts

Maybe it is. Who's going to prosecute and convict? Laws mean nothing when there is no rule of law. Those who rule will decide to whom the law applies and to whom it doesn't, and when it applies and when it doesn't.

[–] • 1 pt

tl;dr because the US government has sanctioned it, and Coinbase operates out of San Francisco (USA, unfortunately)

[–] • 1 pt

Russia may well fire kalibre into coin basehq killing all the companies execs.

And they will be within their rights to kill enemy operatives

[–] • 1 pt

Very true. This is why, if you are dealing with crypto, you need to make sure YOU own your wallet, keys, seed words, etc. If you go through shit sites like coinbase you are literally giving them your crypto. Then you have to ask them when you want it.

I don't even own amy crypto, but if I did I would have a usb wallet buried and I would memorize my seed words.

[–] • 1 pt

Why do people use these sites? Not rhetorical, seriously I don't do crypto and I thought it was pretty easy to just keep your own wallet. Is it a massive pain in the ass to have your own private wallet or are these people just retarded?

[–] • 1 pt

They provide an easy onramp for fiat.

[–] • 0 pt

Never ever leave your coins on a centralized exchange that you are not willing to lose.

[–] • 0 pt

My impression is that CoinBase wants to be a brokerage, and they are trying to obey whatever big jew mandates are going on. I'm not sure if they have to right now. It's more aspirational.

I've seen Coinbase behave in other pozzed ways as well.

I'm not really making an argument for or against it. I have used Coinbase, and I have a cold wallet, and I've used other brokers, too.

[–] • 0 pt

Dont even kyc with any exchange. If you have to, it's probably not your keys and you'll have this same problem eventually.

But I keep it in my own wallet. Uh huh, and what do you do to cash out? Send it back and find out your account has been flagged?

Trade in p2p trade out p2p.

[–] • 0 pt

Would have thought the Russian would figure it out after the Canadians got the ban hammer.

[–] • 0 pt

Has the crypto world learned nothing from mtgox? Your crypto is vulnerable when it's on an exchange. Period.

But even still, blocking wallet addresses is stupid because anyone can generate an unlimited amount of new addresses for free. Or you can make an entirely new wallet and transfer everything to that. Blocking users from accessing their accounts is a big deal though.