Coinbase negligence is putting people in physical danger.
Discussion
Good excuse to not get your address updated on your drivers licence. KYC is dangerous.
another win for renting, imo.
[Libertad][Privacidad]
¿Por qué KYC?¿Porqué?
#hola #HispaNostrs #hispano #español
Is it Coinbase negligence ?? Or these people's ?
I think it falls on Coinbase. Imperative that they safeguard client data.
But how often these clients been told - Not your keys : not your coin ! ... Who can really safeguard such clients ? I mean , people clearly have nostr but they still want to share all their life (with pics and vids) with Meta AI ? Who would you blame ! Meta or the people ?
I think I understand where you’re coming from but here’s how I see it: individuals are responsible for protecting their own funds — not your keys, not your coins, totally agree. But when it comes to client data, that’s on the institution. If a company chooses to collect personal info, they also take on the responsibility of keeping it safe
Sure . ..they do .. and they will be dealt with it through whatever law covers that .. which they will fight in the courts :-) .. but the clear and immmdediate penalty comes in the stock market ..
It just doesn't mean I need to sympthise with users .. don't get me wrong .. I like Coinbase (for the ease) and I have my own account with them .. But I am well aware of consequences .. I am not crying out loud to help me .. cuz I own my deets :-) I know if I prioritize "ease" for the "right" ..someday I need to pay for it ..
Coinbase KYC has created a SAAS spreadsheet for the Most Financially Wealthy for kidnappers
How else are you going to discourage dangerous self-custody.
This is obvious for more than 12 years. Not everybody got BTC early on, not everybody gets Monero and not everybody gets the negative effects of KYC.
Normal people live to comply with the hive mind.
Ridiculous isn’t it,
P2P is always the way to go.
Bitcoin maximalism is at fault to.
Promoting KYC and transparent ledgers both go hand in hand.
Yep. Fucking terrible.