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Coinbase blocks WikiLeaks Shop

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Re: Coinbase blocks WikiLeaks Shop

#2
If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin.

Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether.

Can't do that with a bank account!

Re: Coinbase blocks WikiLeaks Shop

#3
post #2

If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin. Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether. Can't do that with a bank account!

Or they can stop colluding with Russia under the pretext of freedom

Re: Coinbase blocks WikiLeaks Shop

#4
post #2

If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin. Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether. Can't do that with a bank account!

But it is good to know what is coinbase's moral compass.

Re: Coinbase blocks WikiLeaks Shop

#5
Fun to see how bitcoin has come full circle in reinventing everything its cheerleaders initially railed against: fraud, then centralization, regulation, and now “censorship”.

I guess the lesson here should be about the primacy of law, and how you won’t succeed in using technology to undermine it.

Re: Coinbase blocks WikiLeaks Shop

#6
I cannot recommend Coinbase at all. I operate an adult comic book publisher and they shutdown our account without notice and blamed the bank they work with (despite the fact that we were not converting our BTC to USD). All support tickets took weeks to get a reply and it was always unhelpful.

For a company like ours the whole appeal of Bitcoin is the anonymity, so our readers don't have to worry about buying lewd comics and having it show up on their statements. Coinbase tarnishes what Bitcoin stands for and they do not protect artists/publishers.

Do not use Coinbase.

Re: Coinbase blocks WikiLeaks Shop

#7
post #2

If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin. Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether. Can't do that with a bank account!

Or they can stop colluding with Russia under the pretext of freedom

[citation needed]

Re: Coinbase blocks WikiLeaks Shop

#8
post #2

If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin. Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether. Can't do that with a bank account!

But it is good to know what is coinbase's moral compass.

Indeed. I’ll be moving my coins out ASAP now.

Re: Coinbase blocks WikiLeaks Shop

#9
post #2

If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin. Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether. Can't do that with a bank account!

Or they can stop colluding with Russia under the pretext of freedom

> Or they can stop colluding with Russia under the pretext of freedom

Could you provide a source? I'd love to know more.

Re: Coinbase blocks WikiLeaks Shop

#10
post #2

If you want full control, you've got to be in full control. But you can't do that if you delegate that control to a third party. That's the whole point of bitcoin. Instead of complaining, WikiLeaks can set up their own payment processing server and do away with Coinbase altogether. Can't do that with a bank account!

But it is good to know what is coinbase's moral compass.

Coinbase has been fishy from the start... For example, I placed buy orders for some Bitcoins when they dropped sharply years ago (Coinbase just started at that time) and they canceled those orders after I placed them. Now what they do is that they bring the servers down when it happens.

They did the same with Bitcoin Cash, or maybe worst... (see stories about when they first introduced bitcoin cash)

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