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> I like the nod to Coinbase. > the trust is already built with smart-contracts and there is no middleman to decide These two statements seem to be contradict
by jMyles 8y ago
> I like the nod to Coinbase.
> the trust is already built with smart-contracts and there is no middleman to decide
These two statements seem to be contradictory. Coinbase is certainly a middleman.
I like (and use) a lot of Coinbase's offerings, but I think it's also a good time to start promoting a more truly distributed view of the merchant service side for payments.
- travisjungroth 8y agoThey’re absolutely contradictory. Coinbase will shut down accounts based on certain activity.
- siruncledrew 8y agoIMO, Coinbase is in the same bucket as Paypal because they will decide to block transfers or freeze accounts if a violation of the User Agreement is presumed: https://support.coinbase.com/customer/en/portal/articles/1905680-does-coinbase-freeze-accounts- https://support.coinbase.com/customer/en/portal/articles/190... Coinbase also has internal wallet blacklists so transfering to any of those could lead to account issues (ex. Wallets associated with marijuana products, online pharmacies, or in OFAC countries).