I'm also a curent Coinbase user anmd have been using them to fork coins like BSV in the past since I did not trust the software that they provided. Coinbase was always doing great and keeping my coins pretty safe.
I haven't stored anything big with them but I value my privacy and will never send them any of the Bitcoins that I'm holding offline. I'll have to find another less shady platform. The plan is to stop using them completely by the end of the month.
Topic: Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again - page 5. (Read 2339 times)
July 11, 2020, 02:42:07 PM
July 11, 2020, 02:00:27 PM
They've already partnered with the IRS and the DEA. It's clear they are keen to sell their blockchain analysis product to anyone who will pay for it, regardless of what the means for their users or the wider crypto space. Remember that the people who developed Coinbase Analytics are the same people who worked for Hacking Team and sold surveillance equipment and software to dictators and human rights abusers. They have no morals.
The only thing surprising to me is that Coinbase are only charging the Secret Service $183,750 for a 4 year contract. For a company with annual profits of over 500 million dollars, the less than $50,000 a year deal works out at less than 0.01% increase to their profits. It's nice to see they will sell their users out for chump change.
Coinbase are anti-bitcoin and anti-privacy. Delete Coinbase.
The only thing surprising to me is that Coinbase are only charging the Secret Service $183,750 for a 4 year contract. For a company with annual profits of over 500 million dollars, the less than $50,000 a year deal works out at less than 0.01% increase to their profits. It's nice to see they will sell their users out for chump change.
Coinbase are anti-bitcoin and anti-privacy. Delete Coinbase.
Surely appears to be something like a deal with the devil, and which is the devil?
July 11, 2020, 11:02:51 AM
They've already partnered with the IRS and the DEA. It's clear they are keen to sell their blockchain analysis product to anyone who will pay for it, regardless of what the means for their users or the wider crypto space. Remember that the people who developed Coinbase Analytics are the same people who worked for Hacking Team and sold surveillance equipment and software to dictators and human rights abusers. They have no morals.
The only thing surprising to me is that Coinbase are only charging the Secret Service $183,750 for a 4 year contract. For a company with annual profits of over 500 million dollars, the less than $50,000 a year deal works out at less than 0.01% increase to their profits. It's nice to see they will sell their users out for chump change.
Coinbase are anti-bitcoin and anti-privacy. Delete Coinbase.
The only thing surprising to me is that Coinbase are only charging the Secret Service $183,750 for a 4 year contract. For a company with annual profits of over 500 million dollars, the less than $50,000 a year deal works out at less than 0.01% increase to their profits. It's nice to see they will sell their users out for chump change.
Coinbase are anti-bitcoin and anti-privacy. Delete Coinbase.
July 11, 2020, 10:50:27 AM
Wow.
It shouldn’t surprise me too much, I saw it coming, but also shock me seeing it: Coinbase is selling blockchain analytics software to the US Secret Service
They are trading your privacy for their survivorship.
You are not Coinbase Customer, your are their product.[/list]
It shouldn’t surprise me too much, I saw it coming, but also shock me seeing it: Coinbase is selling blockchain analytics software to the US Secret Service
Quote
- Quick Take
- Coinbase is providing its blockchain analytics software to the U.S. Secret Service
- The law enforcement agency awarded the contract to Coinbase in May and it ends in 2024
- Last month, The Block broke the story that Coinbase wants to sell its analytics software to two government agencies — the DEA and the IRS
They are trading your privacy for their survivorship.
You are not Coinbase Customer, your are their product.[/list]
June 09, 2020, 11:12:53 PM
I have been coinbase user since 2016. I have never faced any issue as a customer, apart from the app not working when people need it the most 
But they have been doing shady stuff for some time now. I never trusted them but now they just going beyond my distrust in them.
I have moved out my funds and in the process of winding up my account as soon as I can.
#deletecoinbase as soon as you can.
But they have been doing shady stuff for some time now. I never trusted them but now they just going beyond my distrust in them.
I have moved out my funds and in the process of winding up my account as soon as I can.
#deletecoinbase as soon as you can.
June 08, 2020, 01:50:15 AM
Coinbase go the Facebook route by offering all kinds of data to the government or other institutes. They can come up with excuses and privacy regulation but when a governmental inquires they will open the books without hesitation. It´s a pity but understandable from a business side of views.
June 08, 2020, 01:41:42 AM
A tweet nicely written:
Coinbase is not a Bitcoin company
#deletecoinbase
Quote
A common misconception is that Coinbase is a Bitcoin company
- supported hostile forks (XT, Unlimited, Classic, BCH, S2X)
- CEO revealed he holds more ETH than BTC
- promotes blockchain surveillance
- encourages users to "actually use" bitcoin by buy altcoins
Drop Coinbase.
https://twitter.com/sthenc/status/1269007583303528448?s=20- supported hostile forks (XT, Unlimited, Classic, BCH, S2X)
- CEO revealed he holds more ETH than BTC
- promotes blockchain surveillance
- encourages users to "actually use" bitcoin by buy altcoins
Drop Coinbase.
Coinbase is not a Bitcoin company
#deletecoinbase
legendary
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June 08, 2020, 12:28:07 AM
67 isn't old, it's only middle age. 
This reminds me a friend of mine who passed away few years ago, and he was 73. RIP buddy. Yeah, I get your point :-DFor HODLing, I think buying from other members in this forum may be the easiest option, but scalping with a trading account is fun, and it can reduce the cost of acquiring Bitcoun. I need to find an alternative, and I looked at Gemini, but that seems to be US dollar only.
Long ago I used to buy using some exchanges but now I have some of my internal private networks where I find people easily to buy bitcoin when I need, I also do selling when I need with them. Peer to peer of course. 
June 08, 2020, 12:18:50 AM
67 isn't old, it's only middle age.
For HODLing, I think buying from other members in this forum may be the easiest option, but scalping with a trading account is fun, and it can reduce the cost of acquiring Bitcoun. I need to find an alternative, and I looked at Gemini, but that seems to be US dollar only.
For HODLing, I think buying from other members in this forum may be the easiest option, but scalping with a trading account is fun, and it can reduce the cost of acquiring Bitcoun. I need to find an alternative, and I looked at Gemini, but that seems to be US dollar only.
legendary
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June 07, 2020, 11:56:22 PM
I used Coinbase pro for a bit of Bitcoin scalping, but they made it difficult for UK customers to fund their accounts, and now I have to jump through hoops and send various images to continue. I'm not too worried about the tax man, but I think Coinbase has gone too far with KYC. Couple this with their down time at critical trading moments, and I no longer believe that it is a suitable trading site for me, It's a great shame, as it was an inexpensive, fun site for me to try a bit of scalping.
I have a friend who is old school, 67 years old. He wanted to buy Bitcoin and their this complicated KYC thing eventually lost him LOL In a sense it was good though.
Crypto should be hassle free peer to peer even if peer to peer is not possible then the agencies or exchanges should not go too much with this KYC things.
June 07, 2020, 11:44:13 PM
I used Coinbase pro for a bit of Bitcoin scalping, but they made it difficult for UK customers to fund their accounts, and now I have to jump through hoops and send various images to continue. I'm not too worried about the tax man, but I think Coinbase has gone too far with KYC. Couple this with their down time at critical trading moments, and I no longer believe that it is a suitable trading site for me, It's a great shame, as it was an inexpensive, fun site for me to try a bit of scalping.
June 07, 2020, 01:57:19 PM
Someone European can correct me if I'm wrong, but I thought there was a "get out" clause when it came to financial transactions and dealings, which permits companies to continue to hold the details of their European customers even if they request deletion.
https://www.consultancy.uk/news/14478/the-top-five-impacts-of-gdpr-on-the-financial-services-industry
"Financial institutions may keep some data to ensure compliance with other regulations, but in all other circumstances where there is no valid justification, the individual’s right to be forgotten applies."
Which sounds like a free for all by any other name.
Each nation had to pass it into their own law via their own parliament so no doubt they dropped in their own exemptions too. And I can imagine financial dealing data is a separate and ring fenced area to the privacy of your general data.
June 07, 2020, 01:39:02 PM
Now with the recent european GDPR law I think you can ask exporting your personal data and have them delete it, not guaranteed they will do it however.
Someone European can correct me if I'm wrong, but I thought there was a "get out" clause when it came to financial transactions and dealings, which permits companies to continue to hold the details of their European customers even if they request deletion.there is no company that would do that abecause they know it will ruin their reputation.
But it didn't, though. Coinbase handed this information to the IRS over 2 years ago. Since then, it's been obvious that they will hand over more when the IRS asks for it, if they aren't already. And yet since then, Coinbase continues to grow and now holds a staggering 1 million bitcoin in their wallets. Unfortunately, the majority of people don't care about the privacy, and are happy to keep using exchanges which sell them out for their own gain. 
June 07, 2020, 11:15:24 AM
Using centralized exchanges to facilitate a decentralized network defeats the purpose. Also, deleting your account on coinbase would not get your personal information and data deleted, and if you still submit your data to other regulated websites you risk that data being sold at any time in the future to federal agencies.
Now with the recent european GDPR law I think you can ask exporting your personal data and have them delete it, not guaranteed they will do it however.
Remember that Coinbase previously handed over some 13,000 users' data to the IRS. Why wouldn't they do it again?
The real question here is why they did it in the first place? Were they pressured to do it? Maybe they have legally no other choice? It doesn't make sense that they would deliberatly hand out their users info unless they were forced to, there is no company that would do that abecause they know it will ruin their reputation. They didn't even get money for it.
In short, did they really had the choice to say "No" to IRS? I don't know
June 07, 2020, 10:46:06 AM
do you think coinbase is angling to integrate their own user data into their analytics software? i assume that would violate various privacy laws.
100% they will do this. Selling your users' data without their consent to private third party companies also definitely violates privacy laws. Didn't stop Coinbase doing it, and they suffered essentially no punishment for doing so. There is zero chance in my mind they won't do the same thing here, except now it will be state sanctioned and therefore totally fine. Remember that Coinbase previously handed over some 13,000 users' data to the IRS. Why wouldn't they do it again?Remember, of course, that "Coinbase Analytics" is simply a rebrand of "Neutrino", which was simply a rebrand of "Hacking Team". These are the same people that manufactured and sold surveillance software to human rights abusing dictators and have been complicit in violence, torture, and murder. Expecting them to have a shred of decency, a shred of morals, or care even the slightest about you as a customer, is somewhere between naive and stupid. They want your data, and they want to sell it.
Coinbase isn't just anti-bitcoin. It's anti-privacy, and it's anti-freedom.
Delete Coinbase.
June 07, 2020, 08:51:32 AM
I recently dumped the coninbase address that I was using for over 2 years and now moved to segwit native address.
It's really sad that a lot of new people are still being attracted to coinbase, mostly due to their aggressive advertising and non availability of bank integration services in many countries. Coinbase seems to be earning a lot to pay for both the advertisement and the banks and authorities.
It's really sad that a lot of new people are still being attracted to coinbase, mostly due to their aggressive advertising and non availability of bank integration services in many countries. Coinbase seems to be earning a lot to pay for both the advertisement and the banks and authorities.
legendary
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June 07, 2020, 08:38:21 AM
unfortunately the p2p market really sucks at this point.
June 06, 2020, 06:00:42 PM
honorable mention for gemini:
Well, I think I was probably being more generous than I should've been. The only ones I can think of off the top of my head who aren't totally cock a hoop at the cock bearing down on them are Shapeshift and Kraken, but they'll still toe the line.
June 06, 2020, 05:50:26 PM
I wonder how many of you who made comments here are still with coinbase ?
i made an account with them several years ago. being that i also avoid KYC wherever possible and loathe the idea of giving another exchange my docs, i feel to some extent stuck with them. i use them infrequently for USDC conversion-->fiat withdrawal. i'm extremely careful about what coins i deposit with them, and i also make sure to stay under their tax reporting threshold. i'm aware of the risks and try to mitigate them the best i can.
unfortunately the p2p market really sucks at this point.
Every centralised service will end up like this eventually. The difference is that most yield to it with some reluctance rather than running towards it like they are.
honorable mention for gemini:
June 06, 2020, 10:04:44 AM
I have always avoided coinbase and as much as possible centralized exchanges.
Using centralized exchanges to facilitate a decentralized network defeats the purpose. Also, deleting your account on coinbase would not get your personal information and data deleted, and if you still submit your data to other regulated websites you risk that data being sold at any time in the future to federal agencies.
Using centralized exchanges to facilitate a decentralized network defeats the purpose. Also, deleting your account on coinbase would not get your personal information and data deleted, and if you still submit your data to other regulated websites you risk that data being sold at any time in the future to federal agencies.
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