Quote from: fillippone on Today at 12:57:40 PM

Quote from: gmjutt6 on Today at 12:17:17 PM

Surprised when I read this news and was thinking that all exchanges should take steps in future like coinbase. Coinbase prevented 30 bitcoins($195000) of their 1000 users.

Source. https://cryptodaily.co.uk/2020/07/coinbase-hackers-users-twitter

Not your keys, not your bitcoins.
I don't care what they did or how. It was unethical. Censor transaction of a client could even mean a violation of the ToS.
Simply, better fall in a scam hodling your money in your wallet, than being babyguarded and having your transaction censored.
If you allow to censor your transaction once, you are allowing to do that everytime.

Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again

I agree with everything else you said here, but UNETHICAL? Theft, extortion and deception are considered to be breaking even the Non Aggression Principle. Which is... The very basis of libertarianism. By extention of that very notion, simply remaining idle while you see someone being scammed and knowing it could also be considered unethical.

Given that "not your keys, not your bitcoins" is true, then Coinbase would not only be liable of allowing the extortion to take place while they knew so, but it'd also be against their rational interest since it was as you say, their money. So I don't see why preventing someone from a sure monetary loss would be unethical by any standard.

Sure Coinbase has other unethical practice. Maybe their mere existence as a wallet is counter-intuitive for BTC, but preventing theft isn't unethical. Unless we bitcoiners want to build a new book of ethics ofc. Cheesy