Coinbase will always be the enemy of Bitcoin !
bookmark and remember this warning
Conbase is using their own chain, as a fractional reserve. They never make it available the proof of funds.
They function exactly like a bank: take 10 bucks from depositors and give 100 (fictional) bucks to others, inside their wallets system.
When this lie will blow up it will be really bad... really bad. A "MtGox case" can happen anytime with this Coinbase shit.
Conbase is a bank and is a danger using it!
Yes must be named CON-base and not Coinbase.
Was created and funded by the banksters (BBVA) and will act always like a bank (aka fuck the users). Who is BBVA
Their goal is NOT to help people to get into Bitcoin, but to register them, track, monitor, seize, "share" their personal data with "3rd parties" etc. It's a banksters tool to keep almost all BTC users in control.
Here are just few reasons to think about (there are much more):
- Conbase CEO signed the S2X agreement against Bitcoin itself
- Conbase CEO at the Bitcoin roundtable, conclusion
- Recently even a federal prosecutor join the board of directors of Conbase, so imagine what's next...
- Almost all CB users will end up fucked by CB like these ones.
- Conbase was even sued for misconduct in managing people's money
- Conbase did not implement Segwit and is losing people's money. Now in 2024 it is implemented but only after Bitcoin community pressure and after many years.
- Wikileaks start a boycott against Conbase
- Conbase closed Gab account
- Conbase aquired a surveillance company, Neutrino, to integrate their chainalisys code into more surveillance of Conbase users
- Conbase selling user data
- Conbase named in article about companies sharing our data to create secret consumer scores
- The Conbase DeFi mafia borrows the coins that you have stored at Coinbase
- Conbase new direction is censorship leaked audio
- Law firm says IRS is working with Coinbase
- How I learned to stop worrying and love unhosted wallets
- Conbase sued for privacy violations over customer biometrics
- Recently Conbase partnership with Lightspark to implement LN. But there's a catch. Not to help you the user, but to trace you even more and make LN more compliant and regulatory bitch. Read here WHO is Lightspark and what they want (long investigative article).
- STOP using that shit (if you still use it) - #DeleteCoinbase (twatter hashtag)
I hope you, the new bitcoin user, will take this really serious in consideration and DYOR.
Reminder: Satoshi's papers, stated:
Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
