I would advise people to not post in this thread if they live in the USA and dis coinbase.
Here is why coinbase makes an effort to comply with government regulations.
So If you post against them you are saying you don't want to comply with us government regulations.
I believe in free speech. But we know these threads are read by the USA government. I read more then one post here that could have the US government checking you out.
My take on coinbase is if you want to obey the US law and live in the USA you should use them.
If you want to hide your BTC and break USA laws don't post about it here.
Coinbase is garbage and the US gov't is run by crooks. Coinbase and their secret banking partners are about deciding who can and cannot do business with bitcoins. Their scumbag cronies use illegal means to maintain a monopoly. And nobody is trying to investigate crime through reading this forum. The last thing fraudsters want to do is to set a precedent that goes against their own interests, by going after real criminals. They'd rather pin their own crimes on law-abiding citizens.
this is pretty much accurate. but the problem is the USA government has a shit ton lawyers guns and money.
They don't operate based on profit since they can just print more money and they can single out anyone they please and pretty much cut them to ribbons if they want to.
I know of more then one guy that did nothing and got caught up in lots of trouble.
His sin was pointing out a person to ask for pot. He did it to an undercover cop. Cop went over to the dealer busted him. The dealer rolled over to his supplier got off free. The guy that told the narc where to but the dope got 18 months.
My point is if I tell you where to buy btc and how to buy btc off the books I am no longer BS'ing I could be accused of money laundering. same as pointing you in the direction of a dealer.
So by my book coinbase is fine as they are legal.