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So, if the government bans crypto, does Coinbase remain apolitical? It's not a hypothetical. Satoshi created Bitcoin as a (particularly ineffective) act of ins
by kmeisthax 6y ago
So, if the government bans crypto, does Coinbase remain apolitical?
It's not a hypothetical. Satoshi created Bitcoin as a (particularly ineffective) act of insurrection, and the only reason why governments haven't responded to it like so is a matter of political and judicial economy. Existing money-laundering and securities laws likely already ban Bitcoin, we just haven't seen them fully enforced. Using Bitcoin is inherently a political statement (which I don't entirely agree with); the apolitical choice would be to wind down Coinbase as an ongoing concern.
- abalaji 6y agoThe answer to this question is in the blogpost. The answer is no.