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My bank isn't deplatforming me, when I transfer money from coinbase, though. So this is already a solved issue. They aren't deplatforming me right now!

by stale2002 7y ago

2muchcoffeeman 7y ago
Are you a sex worker?
- 2muchcoffeeman 7y ago
  I’m being down voted, but sex workers are some times deprived of bank services because of their jobs. Literally told to take their banking else where. How does using crypto help? Does it’s use suddenly make you immune from banks finding out your source of income? https://www.sbs.com.au/news/banks-accused-of-slut-shaming-for-refusing-financial-services-to-sex-workers https://www.sbs.com.au/news/banks-accused-of-slut-shaming-fo...
  - stale2002 7y ago
    The answer is that crypto transactions are censored much less frequently then PayPal transactions. That's why it helps. PayPal censorship is much more common than crypto censorship. > Does it’s use suddenly make you immune from banks finding out your source of income? No, it doesn't make you immune. Being 100% immune to anything at all is literally impossible. But it seems like it makes it less likely.
    - 2muchcoffeeman 7y ago
      You said that you transfer crypto to your bank and you are not deplatformed. My point is the banks don’t care about crypto. They care about your occupation. If you deposited cash, you may still have no bank account.
lvturner 7y ago
What if they deplatform coinbase due to AML risk... Or some other reason?
- stale2002 7y ago
  Coinbase isn't currently being deplatformed, though. That is a hypothetical situation which seems to me like it would be pretty unlikely. Banks aren't talking about deplatforming coinbase, for whatever reason, therefore it is useful. The whole "what if the government/banks banned Bitcoin!?" Is a pretty silly hypothetical, to me, because if you look at what these groups are actually doing, you will see that they aren't doing this and aren't really trying to do so!
  - lvturner 7y ago
    I get your point that it isn't currently deemed at risk of being deplatformed - but while there are some differences, Bitfinex are having difficulties with finding people willing to bank with them. So there is precedence there.
    - stale2002 7y ago
      Sure! I agree. It might be possible that things will change in the future. And if things change, then I agree that this might cause problems. The only reason why I am sceptical, though, is because I have heard these same arguments, about how the government will ban Bitcoin, for 6-7 years. And yet it hasn't happened yet. So it is totally possible that this time is different. But I just feel like, I need to be very sceptical about these arguments, until they actually happen. Because I heard them before, and those people were proven wrong. But you are right, in that it is very possible that maybe this time is different.
huehehue 7y ago
Sure, but Coinbase's KYC prevents it from being a reliable long-term alternative. There's still a central authority with your identity, governing whether you can move your money.

My bank isn't deplatforming me, when I transfer money from coinbase, though. So this is already a solved issue. They aren't deplatforming me right now!

2muchcoffeeman 7y ago

Are you a sex worker?

2muchcoffeeman 7y ago
I’m being down voted, but sex workers are some times deprived of bank services because of their jobs. Literally told to take their banking else where. How does using crypto help? Does it’s use suddenly make you immune from banks finding out your source of income? https://www.sbs.com.au/news/banks-accused-of-slut-shaming-for-refusing-financial-services-to-sex-workers https://www.sbs.com.au/news/banks-accused-of-slut-shaming-fo...
- stale2002 7y ago
  The answer is that crypto transactions are censored much less frequently then PayPal transactions. That's why it helps. PayPal censorship is much more common than crypto censorship. > Does it’s use suddenly make you immune from banks finding out your source of income? No, it doesn't make you immune. Being 100% immune to anything at all is literally impossible. But it seems like it makes it less likely.
  - 2muchcoffeeman 7y ago
    You said that you transfer crypto to your bank and you are not deplatformed. My point is the banks don’t care about crypto. They care about your occupation. If you deposited cash, you may still have no bank account.

lvturner 7y ago

What if they deplatform coinbase due to AML risk... Or some other reason?

stale2002 7y ago
Coinbase isn't currently being deplatformed, though. That is a hypothetical situation which seems to me like it would be pretty unlikely. Banks aren't talking about deplatforming coinbase, for whatever reason, therefore it is useful. The whole "what if the government/banks banned Bitcoin!?" Is a pretty silly hypothetical, to me, because if you look at what these groups are actually doing, you will see that they aren't doing this and aren't really trying to do so!
- lvturner 7y ago
  I get your point that it isn't currently deemed at risk of being deplatformed - but while there are some differences, Bitfinex are having difficulties with finding people willing to bank with them. So there is precedence there.
  - stale2002 7y ago
    Sure! I agree. It might be possible that things will change in the future. And if things change, then I agree that this might cause problems. The only reason why I am sceptical, though, is because I have heard these same arguments, about how the government will ban Bitcoin, for 6-7 years. And yet it hasn't happened yet. So it is totally possible that this time is different. But I just feel like, I need to be very sceptical about these arguments, until they actually happen. Because I heard them before, and those people were proven wrong. But you are right, in that it is very possible that maybe this time is different.

huehehue 7y ago

Sure, but Coinbase's KYC prevents it from being a reliable long-term alternative. There's still a central authority with your identity, governing whether you can move your money.