Re: Coinbase Exchange Explain How They Saved Their Users From Twitter Hackers
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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.
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.
If I had an account at coinbase, my interaction with coinbase would be regulated with an agreement. The agreement, in loos terms, requires them to execute my orders.
If I give them the order to payt a scammer, why should they block this order? Maybe I am happy to be scammed, maybe I owe themy money because they lent me money before, or any other unknown reason.
It's the contract, not they willingness to protect me on my behalf that must regulate their actions.
Because once you allow them to censor a transaction for the right reason, they are going to do so for the wrong one.
My observation was from a point of view regarding ethics. For everything else, there's competition among wallet software where each developer (or open source user) can code his wallet to act as he wants. So in terms of bitcoin as a whole, there's no issue of censorship slippery slope under this hypothetical. Aside of that, I ain't worried of customer protection under the pretense of a company and users of their services.