Post
Topic
Board Bitcoin Discussion
Re: Coinbase Exchange Explain How They Saved Their Users From Twitter Hackers
by
tomahawk9
on 24/07/2020, 16:44:56 UTC
the timing of the twitter hack came in clutch for Coinbase as they were in deep waters (i think?) given the "controversy" about the company "selling blockchain analytics software to the US Secret Service", but a few days later "hey, they saved the users money so it's all good, no?Roll Eyes

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.
heh! yeah i still remember that quote, you remember the "get btc and be your own bank" one? funny how things have changed, right? Coinbase literally acting like a bank now and freezing their customers acc (which begs the question of whether they violatiated the ToS like you say or not)

I just hope this news will be an eye opener to those who were looking for financial sovereighty, found out about btc and thought keeping the coins in a "trusted exchange" was a good idea. Most bitcoin newcomers that are trying to keep their money outside of the system still don't know that they [exchanges] have as much power over their coins as the banks have over their accounts