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"security enhancement" - more like arbitrarily preventing people from taking out the contents of their account to prevent the crypto version of a bank run, beca
by walrus01 4y ago
"security enhancement" - more like arbitrarily preventing people from taking out the contents of their account to prevent the crypto version of a bank run, because crypto in general is having a meltdown/catastrophe.
same idea as locking the bank doors and turning off the ATMs when some nation state has a catastrophic bank run.
- gruez 4y ago> "security enhancement" - more like arbitrarily preventing people from taking out the contents of their account to prevent the crypto version of a bank run, because crypto in general is having a meltdown/catastrophe. Whether it's arbitrary or not depends entirely when it was instituted. If it was instituted today (in the wake of all the other withdraw freezes), then I'd agree it's shady, but according to google cache the page existed since at least last friday which sort of works against your theory. Also, as someone who used cryptocurrency exchanges (not coinbase pro), waiting periods for withdrawing to new addresses isn't unusual.
- astrange 4y agoThis is a standard feature of regular banks, it’s part of the reason why they do that thing where you report the tiny deposit amounts. I flagged it because the article title looks like someone’s trying to be sarcastic about it.