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Here’s my issue with coinbase. If I send my crypto to coinbase, I no longer own my crypto. Coinbase now owns it and can do whatever they like with it. But they
by simple-thoughts 3y ago
Here’s my issue with coinbase.
If I send my crypto to coinbase, I no longer own my crypto. Coinbase now owns it and can do whatever they like with it. But they market themselves as providing crypto services and as selling crypto when in fact they are just selling numbers in their internal database.
So users of Coinbase are clearly being defrauded. They think they own crypto but they don’t.
- dgrin91 3y agoWait till you hear about the DTCC
- simple-thoughts 3y agoDifference is securities are heavily regulated, it’s a weird system but works. With crypto self custody is not only possible but preferred