WikiLeaks Calls For Coinbase Blockade After Account Ban By The Exchange

BrewMaster

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Quote from: Doge dealer on April 22, 2018, 08:28:06 AM

i am definitely not a fan of coin base as even though my country has no laws against bitcoins they allow you to open an account but they don't allow you to buy bitcoins from them , this seems very silly and your not even informed until you go through the process of opening the account and then trying to buy that you are told of this.

they do tell you, but you probably missed it or forgot to do a quick search. with a quick google search the result is here: https://www.coinbase.com/global?locale=en you can also see all the payment methods that they support from each country beforehand.

on topic: need i remind everyone about how they caught owner of KickAssTorrents Grin

vv181

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That is quite shocking news. But we can't deny Coinbase as a cryptocurrencies platform has been shown and delivered a good website in term of information and ways of purchasing cryptocurrencies to the mainstream, they make the purchase cryptocurrency is easier for the regular user who is not a techie person. But the recent news is unacceptable, further explanation is needed for cryptocurrency community especially WikiLeaks itself.

Doge dealer

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i am definitely not a fan of coin base as even though my country has no laws against bitcoins they allow you to open an account but they don't allow you to buy bitcoins from them , this seems very silly and your not even informed until you go through the process of opening the account and then trying to buy that you are told of this.

jseverson

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Quote from: Divinityxd on April 21, 2018, 10:03:52 AM

Cryptocurrency exchange Coinbase has reportedly suspended the crypto account of WikiLeak’s merchandise arm, WikiLeaks Shop without any explanation.

So, this was worded in such a way where an arm of Wikileaks was suspended, but not Wikileaks itself. Does this mean Wikileaks itself also has a Coinbase account, and that account has been left untouched? Or am I reading too much into this? Should that be the case, then I think it's too early to cry foul. Not defending Coinbase here, but there's a possibility that there could be a legitimate reason behind it.

kenzo tamasaki

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Using Coinbase is a terrorist act against Bitcoin.

Jonsnowstark

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Well maybe because coinbase now is under the government control thats why they did such act. But it must've been polite to inform wikileaks. Well unfortunately, coinbase has many investors maybe they're acting up because they feel they are untouchable. These call for boycott hopefully could open the eyes of coinbase that they're not untouchable. We the investors can choose which exchange site we're going to use.

LFC_Bitcoin

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Doesn’t surprise me at all, Coinbase have been in bed with governments & national banks for a long time. Coinbase’s actions go against everything bitcoin was intended to be & do.

I suggest anybody who has an account & trades or keeps coins there to transfer their coins elsewhere.

paulmaritz

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Quote from: Divinityxd on April 21, 2018, 10:03:52 AM

Cryptocurrency exchange Coinbase has reportedly suspended the crypto account of WikiLeak’s merchandise arm, WikiLeaks Shop without any explanation. Now, WikiLeaks is calling for a global blockade of Coinbase.

Read more: https://coingape.com/wikileaks-calls-for-coinbase-blockade/

Personally I've been boycotting Coinbase for a while now. They are more and more acting like bankster thugs. Beyond the normal shenanigans, any crypto exchange that supports Bitcoin Futures needs to be boycotted.

Welsh

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Quote from: 1Referee on April 22, 2018, 06:23:29 AM

It's a simple matter of action = reaction. In other words, it also involves a certain form of hypocrisy from WikiLeak's side. They should have known better.

Which is exactly why I won't support it automatically which a lot of people seem to be doing. They might have legitimate reasons, but it just seems like a knee jerk reaction. People really need to make their own decision in this rather than blindly following people they may admire.

1Referee

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Quote from: Red-Apple on April 22, 2018, 05:49:30 AM

i wish they started this before they got banned.

It's a simple matter of action = reaction. In other words, it also involves a certain form of hypocrisy from WikiLeak's side. They should have known better.

Quote from: Red-Apple on April 22, 2018, 05:49:30 AM

we should never give these centralized platforms this much power in first place.

Correct, but people and businesses however keep doing so. In this market it's like 10% decentralization and tech, and the other 90% doesn't care about anything other than the convenience they enjoy when using centralized exchanges and whatnot. Coinbase is already at a point where they have somewhat centralized the part of the market they operate in. Whether it's on the internet, or people around me, it's all Coinbase they are using, which does concern me somewhat. The larger Coinbase keeps growing, the more influence they also gain when it comes to their support for certain proposals. It's a dangerous development, but one people don't seem to care about as long as they keep making profits and whatnot.

Red-Apple

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Quote from: Welsh on April 22, 2018, 04:43:28 AM

I'm not sure that I agree with this though. I appreciate WikiLeaks, but honestly just because their account got banned I don't think it's deserving of a community wide "blockade" based just on this. Of course, there are definitely other factors to consider when dealing with coin base.

Wikileaks is mostly acting based on being butthurt since they closed their account. but they are correct about what they are saying, i wish they started this before they got banned.
we should never give these centralized platforms this much power in first place.

Lucius

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Quote from: BitcoinHodler on April 22, 2018, 02:59:16 AM

you should always expect things like this from a company that is located in US. they are always following the three later agencies in their country and they always work with them without any hesitation. a website like Wikileaks is opposing a lot of things that these three letter agencies are doing so it is obvious that coinbase will close their accounts.

WikiLeaks is something that the majority of countries in the world,and especially USA want to stop exist or that they have never existed.So why WikiLeaks even comes to the idea of using USA based exchange for their financing,it was only a matter of time when they would block their account.

I agree that american security agencies do whatever they want,not only in USA,but also almost everywhere in the world.That's why it is probable Coinbase ban this account,probably in order to protect national interests or some similar nonsense.

Welsh

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I'm not sure that I agree with this though. I appreciate WikiLeaks, but honestly just because their account got banned I don't think it's deserving of a community wide "blockade" based just on this. Of course, there are definitely other factors to consider when dealing with coin base.

I don't use Coinbase, but it's very likely in their terms and services that they can terminate an account without any explanation why. Also, we probably don't know the full story here and possibly WikiLeaks did violate their terms and conditions. Even, if they didn't coinbase are well in their rights to do so. I think I remember this issue being brought up in the service discussion section quite often that peoples accounts were getting shut down for no reason, but no one kicked up a fuss then and just assumed the user was in the wrong.

BitcoinHodler

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you should always expect things like this from a company that is located in US. they are always following the three later agencies in their country and they always work with them without any hesitation. a website like Wikileaks is opposing a lot of things that these three letter agencies are doing so it is obvious that coinbase will close their accounts.

bolbau

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this is very bad, when the crypto community is facing tough times against the issue and the bitcoin banning policy of the government for several months. coinbase as part of the community makes decisions that make it even more difficult for crypto positions. blocking wikileaks is a hasty act, it can make public trust in crypto actually decreases.

mu_enrico

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Quote

@aantonop said While I'm disappointed with Coinbase shutting access to Wikileaks, I'm not hating them or proposing any boycott.
Coinbase is the most bitcoin-friendly bank there is. Once you accept that they are a bank, it becomes easier to understand. If you need to use a bank, they're it.

Yeah under government regulation, this is understandable.. however they still can use other exchange though, no big deal

VitKoyn

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Quote from: Divinityxd on April 21, 2018, 10:03:52 AM

Cryptocurrency exchange Coinbase has reportedly suspended the crypto account of WikiLeak’s merchandise arm, WikiLeaks Shop without any explanation. Now, WikiLeaks is calling for a global blockade of Coinbase.

Read more: https://coingape.com/wikileaks-calls-for-coinbase-blockade/

It is not suspended, wikileaks was totally blocked from using coinbase services but I wonder what is that prohibited use in violation of terms of service that wikileaks did, as stated on an email that was sent to them by coinbase https://cointelegraph.com/news/wikileaks-shop-reports-suspension-of-coinbase-account-due-to-terms-of-service-violation But honestly, if coinbase blocked them from using their service to sell cryptocurrencies, instead of calling for global blockade why not just use other exchange as an alternative? but coinbase also have to response on what is the real reason of blocking wikileaks.

Wind_FURY

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Bitcoin was developed to eliminate the middleman, to transact directly with each other over the internet. If you use Coinbase for storage then you are doing it wrong.

They want Paypal 2.0. We want a P2P, censorship resistant, decentralized cryptocurrency.

o_e_l_e_o

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The community as a whole should already be refusing to use Coinbase because of their shady as fuck inside trading surrounding their launch of Bitcoin Cash trading, not to mention their astronomical fees. There are many, many better exchanges out there you should be giving your business to instead.

ladydark

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Quote from: Divinityxd on April 21, 2018, 10:03:52 AM

Cryptocurrency exchange Coinbase has reportedly suspended the crypto account of WikiLeak’s merchandise arm, WikiLeaks Shop without any explanation. Now, WikiLeaks is calling for a global blockade of Coinbase.

Read more: https://coingape.com/wikileaks-calls-for-coinbase-blockade/

I think that such an action might be taken by coin base under the influence of US government who were already unsatisfied with wikileaks moves.

Topic: WikiLeaks Calls For Coinbase Blockade After Account Ban By The Exchange (Read 209 times)