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Coinbase steals crypto...how safe is Crypto again?

 
Bloody Peasant!
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03/08/2022 04:21 PM
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Coinbase steals crypto...how safe is Crypto again?
[link to www.bbc.com (secure)]


Crypto-currency trading platform Coinbase has blocked 25,000 wallet addresses related to Russia.

The platform said the addresses were related to Russian individuals or entities it believed to have engaged in illicit activity.

The addresses were blocked over fears crypto-currency could be used to evade sanctions.


Soooo...if a private Crypto company can cut you off...do you really feel safe doing business with them? What if you are suddenly deemed the "enemy" and your assets are stolen by a private company?
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
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03/08/2022 04:22 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
[link to www.bbc.com (secure)]


Crypto-currency trading platform Coinbase has blocked 25,000 wallet addresses related to Russia.

The platform said the addresses were related to Russian individuals or entities it believed to have engaged in illicit activity.

The addresses were blocked over fears crypto-currency could be used to evade sanctions.


Soooo...if a private Crypto company can cut you off...do you really feel safe doing business with them? What if you are suddenly deemed the "enemy" and your assets are stolen by a private company?
 Quoting: Bloody Peasant!


blocked their addresses meaning they cant deposit money to coinbase to trade on their platform
Bloody Peasant!  (OP)

User ID: 75284939
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03/08/2022 04:24 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
[link to www.bbc.com (secure)]


Crypto-currency trading platform Coinbase has blocked 25,000 wallet addresses related to Russia.

The platform said the addresses were related to Russian individuals or entities it believed to have engaged in illicit activity.

The addresses were blocked over fears crypto-currency could be used to evade sanctions.


Soooo...if a private Crypto company can cut you off...do you really feel safe doing business with them? What if you are suddenly deemed the "enemy" and your assets are stolen by a private company?
 Quoting: Bloody Peasant!


blocked their addresses meaning they cant deposit money to coinbase to trade on their platform
 Quoting: Anonymous Coward 81062799


Yes, no access to their assets is a problem. Do they have access to these assets in another way?
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
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03/08/2022 04:25 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Hey Russians

Take down coinbase site now!
Anonymous Coward
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03/08/2022 04:26 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
Bloody Peasant!  (OP)

User ID: 75284939
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03/08/2022 04:27 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
I thought the accounts were anonymous?
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
Bloody Peasant!  (OP)

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03/08/2022 04:30 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
 Quoting: BIG.BILL


Nor sure how this applies...
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
Bloody Peasant!  (OP)

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03/08/2022 04:31 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Juan star bounceb
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
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03/08/2022 04:33 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
[link to www.bbc.com (secure)]


Crypto-currency trading platform Coinbase has blocked 25,000 wallet addresses related to Russia.

The platform said the addresses were related to Russian individuals or entities it believed to have engaged in illicit activity.

The addresses were blocked over fears crypto-currency could be used to evade sanctions.


Soooo...if a private Crypto company can cut you off...do you really feel safe doing business with them? What if you are suddenly deemed the "enemy" and your assets are stolen by a private company?
 Quoting: Bloody Peasant!


blocked their addresses meaning they cant deposit money to coinbase to trade on their platform
 Quoting: Anonymous Coward 81062799


Yes, no access to their assets is a problem. Do they have access to these assets in another way?
 Quoting: Bloody Peasant!


If you create a wallet on coinbase and deposit your crypto there. They have poseesion of the wallet and your assetts.

Anybody with a brian who deals in crypto would keep the wallet on a thumbdrive in a safe. Keeping possession of it.

Kinda like coinbase is equal to a gold exchange where you have 'paper gold', vs keeping physical gold in your closet.
Anonymous Coward
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03/08/2022 04:33 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
 Quoting: BIG.BILL


Nor sure how this applies...
 Quoting: Bloody Peasant!


It applies to the question, "...how safe is Crypto again?".

book


------
Anonymous Coward
User ID: 79580316
United Kingdom
03/08/2022 04:34 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
 Quoting: BIG.BILL


You can have my Ledger Nano. Just don't hit me with a wrench!

Good luck trying to guess my passcode.

pennywise
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03/08/2022 04:37 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
 Quoting: BIG.BILL


Nor sure how this applies...
 Quoting: Bloody Peasant!


Or...

How stupid is the person using it?

book


------
Bloody Peasant!  (OP)

User ID: 75284939
United States
03/08/2022 05:24 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Wow, I thought more crypto peeps would be upset about this. Isn't the whole idea that it provides anonymity and security? Freely spend your crypto anywhere and be free from government intervention? Might as well just keep your money in the bank...
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
Bloody Peasant!  (OP)

User ID: 75284939
United States
03/08/2022 05:25 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
 Quoting: BIG.BILL


Nor sure how this applies...
 Quoting: Bloody Peasant!


It applies to the question, "...how safe is Crypto again?".

book


------
 Quoting: BIG.BILL


So...not safe I take it.
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
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03/08/2022 05:27 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
One of the holy crypto commandments is not your wallet, not your crypto.

just like having your money in the bank or assets in a safety deposit box, if you don't have physical ownership then its not yours
ST. FLOYD OF FENTANYL

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03/08/2022 05:29 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
With proxies, VeePeeN's and all how do they know who is really Russian?
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Si vis pacem, para bellum

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'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
ST. FLOYD OF FENTANYL

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03/08/2022 05:29 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Can't do business with American companies it seems.

Thread: FUKT. They are sending a clear message. Do NOT do business with American companies... Are they trying to collapse the USD as reserve currency?
Butthurt? Click 'Add to Ignore List' under my username

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VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
Anonymous Coward
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03/08/2022 05:30 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
con base
ST. FLOYD OF FENTANYL

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03/08/2022 05:30 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Wow, I thought more crypto peeps would be upset about this. Isn't the whole idea that it provides anonymity and security? Freely spend your crypto anywhere and be free from government intervention? Might as well just keep your money in the bank...
 Quoting: Bloody Peasant!



Social credit.

No comply, 'we'll just turn your entire existence off'.
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
Anonymous Coward
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03/08/2022 05:31 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
klever wallet has coin swaps, and no KYC..
ST. FLOYD OF FENTANYL

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03/08/2022 05:31 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Basically they want Russians to turn on Putin so they can hopefully install one of their team players.

Kinda sounds a little familiar, huh?
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
Bloody Peasant!  (OP)

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03/08/2022 05:32 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
With proxies, VeePeeN's and all how do they know who is really Russian?
 Quoting: ST. FLOYD OF FENTANYL


Exactly, how did theu know which wallets to seize? I'm not a crypto guy so I'm speaking from ignorance but my understanding is the allure of crypto was anonymity. If they know which wallets to seize they know who you are and therefore it's all bullshit.
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
Bloody Peasant!  (OP)

User ID: 75284939
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03/08/2022 05:34 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
And didn't this just happen in Canada too? With wallets frozen?
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
ST. FLOYD OF FENTANYL

User ID: 76464787
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03/08/2022 05:35 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
With proxies, VeePeeN's and all how do they know who is really Russian?
 Quoting: ST. FLOYD OF FENTANYL


Exactly, how did theu know which wallets to seize? I'm not a crypto guy so I'm speaking from ignorance but my understanding is the allure of crypto was anonymity. If they know which wallets to seize they know who you are and therefore it's all bullshit.
 Quoting: Bloody Peasant!



I 'met' so many fucked up people in the crypto scene.

They will ruin a good thing just to turn a profit.

For every winner, there are thousands of losers.



I had a bank of phones mining years ago (3G days), and my only cost were the cheap phones and the electricity.

I am cashing out on the next pump cycle and it can go to the moon without me.
I'll watch with a smile on my face and applaud them.
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
ST. FLOYD OF FENTANYL

User ID: 76464787
United States
03/08/2022 05:35 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
And didn't this just happen in Canada too? With wallets frozen?
 Quoting: Bloody Peasant!


Social(ist) Credit System.
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
Anonymous Coward
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03/08/2022 05:36 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
A $5 wrench could be used to club someone over the head and take their cold storage wallet.

1dunno1


------
 Quoting: BIG.BILL


You can have my Ledger Nano. Just don't hit me with a wrench!

Good luck trying to guess my passcode.

pennywise
 Quoting: Anonymous Coward 79580316


cool2 I would remove body tissue until you coughed up the codes. So it would be entirely up to you, how much tissue is removed if any at all.
ST. FLOYD OF FENTANYL

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03/08/2022 05:37 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Everything BTC was celebrated for is basically proven untrue.

Digital gold isn't rising with gold for some reason.
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
Anonymous Coward
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United States
03/08/2022 05:37 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Wow, I thought more crypto peeps would be upset about this. Isn't the whole idea that it provides anonymity and security? Freely spend your crypto anywhere and be free from government intervention? Might as well just keep your money in the bank...
 Quoting: Bloody Peasant!


You are an idiot. We aren't upset about it at all. Lol
Bloody Peasant!  (OP)

User ID: 75284939
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03/08/2022 05:39 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Wow, I thought more crypto peeps would be upset about this. Isn't the whole idea that it provides anonymity and security? Freely spend your crypto anywhere and be free from government intervention? Might as well just keep your money in the bank...
 Quoting: Bloody Peasant!


You are an idiot. We aren't upset about it at all. Lol
 Quoting: Anonymous Coward 77908971


But why? What's the point if it can just be taken away if they don't like your politics?
This business will get out of control. It will get out of control and we'll be lucky to live through it.

-Admiral Josh Painter

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

-Orwell

Bloody Peasant
ST. FLOYD OF FENTANYL

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03/08/2022 05:44 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Thread: Coinbase CEO: We will do anything the US Government tells us to do regarding Bitcoin/crytpo restrictions.


My array wasn't this large, and it was inside of a mini fridge to keep everything cool.

Click/like factory...
https://imgur.com/me57weA


[link to i.imgur.com (secure)]
Butthurt? Click 'Add to Ignore List' under my username

Si vis pacem, para bellum

VACCINES ARE THE LEADING CAUSE OF COINCIDENCES
'Your user name here makes me want to punch you in the fucking face, you sick fucking diseased cunt'
Quoting: Anonymous Coward 8100888
Anonymous Coward
User ID: 77908971
United States
03/08/2022 05:45 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
With proxies, VeePeeN's and all how do they know who is really Russian?
 Quoting: ST. FLOYD OF FENTANYL


Exactly, how did theu know which wallets to seize? I'm not a crypto guy so I'm speaking from ignorance but my understanding is the allure of crypto was anonymity. If they know which wallets to seize they know who you are and therefore it's all bullshit.
 Quoting: Bloody Peasant!


Dude, not only are you speaking out of ignorance, but ppl in this thread explained it to you and you still don't get it.

It's like my mentally challenged friend that works at taco bell (he really is downs, but can wipe tables) talking to me about getting his paycheck.

All he knows is that when he gets his paycheck (??) His career buys him shoes or pants or something. He has no idea.

Now, I don't blame him, he has downs... But, dude, you don't appear to have downs.

Read the replies in this thread and try to figure it out.

Of course, maybe you do have downs. It's cool... Just stick with taco bell, it's easier to figure out.





GLP