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Just to make sure we’re on the same page, here is Coinbase’s mission: > Coinbase’s mission is to create an open financial system for the world. This means we w
by jakelazaroff 4y ago
Just to make sure we’re on the same page, here is Coinbase’s mission:
> Coinbase’s mission is to create an open financial system for the world. This means we want to use cryptocurrency to bring economic freedom to people all over the world.
It’s not clear to me how selling geolocation data to ICE is within the scope of the mission. In fact, it seems to me that it actually hinders it.
And remember, it’s (allegedly) not just talk for Coinbase. They’re mission focused. They pushed out employees who didn’t agree with it.
- fleddr 4y agoWell, I think the open part is covered. It's an open block chain and it's not surprising to have analysis tools to work with the blockchain. These types of tools are used by exchanges, federal agencies, even divorce lawyers. The geolocation part is still not clear to me. They claim to not have sold customer data, so that means said data is on the blockchain itself, or can be derived from it. If that reading is correct, even the word "selling" is incorrect. Further, an open financial system does not mean a total lack of regulation or tracking of bad actors. I would also assume that "economic freedom" is less applicable to criminals, assuming the tool is used for that.