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

 
Anonymous Coward
User ID: 82392127
United States
03/08/2022 06:25 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
I thought the accounts were anonymous?
 Quoting: Bloody Peasant!


oh hell no.

anything moving USD has to validate identity.

.
Anonymous Coward
User ID: 75790272
Argentina
03/08/2022 06:26 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!



When you leave crypto with another party then that party has to adhere to rules/laws that confiscate the crypto you let that party hold on to that DOES NOT MEAN CRYPTO IS NOT SAFE.

If you hold crypto in your own wallet YOU control your assets.

Same with money. If you had your cash in your hand then you control it. If you leave your cash with a third party provider THEY have control..

Are you really this obtuse? Because you are making yourself look that way.
Anonymous Coward
User ID: 78520669
United States
03/08/2022 06:27 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!


We can’t account for your ignorance.
Learn about decentralized, peer to peer crypto like Bitcoin.
Bitcoin =/= coin base
Just like banks =/= wallet full of cash in your pants pocket

LEARN DUMMY, LEARN.

It’s been around for 13 years, you have no excuse for your own stupidity.
Anonymous Coward
User ID: 82368710
United States
03/08/2022 06:28 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Hey OP, online wallets on bitcoin exchanges always can be compromised. Only and idiot would leave the majority of their coins in online wallets and not on their own hardware. You make yourself really look like dumb-ass by posting this stupid propaganda garbage.
Anonymous Coward
User ID: 82405299
03/08/2022 06:30 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Hey OP, online wallets on bitcoin exchanges always can be compromised. Only and idiot would leave the majority of their coins in online wallets and not on their own hardware. You make yourself really look like dumb-ass by posting this stupid propaganda garbage.
 Quoting: Anonymous Coward 82368710


how do i withdraw or send funds without using an exchange?
Anonymous Coward
User ID: 81457928
United States
03/08/2022 06:31 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
any central exchange... NOT YOUR KEYS, NOT YOUR COINS... Just like a bank.
Anonymous Coward
User ID: 82392127
United States
03/08/2022 06:31 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
THIS IS FUCKING BULLSHIT!!!!!
so they can just lock up whoever crypto anytime they want.
 Quoting: Anonymous Coward 80919309


pretty much.

Canada and now Coinbase.

these guys will say their wallet is a safe harbor
which is technically true but it's vulnerable
as soon as you interact over a network.

.
Anonymous Coward
User ID: 82392127
United States
03/08/2022 06:32 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Hey OP, online wallets on bitcoin exchanges always can be compromised. Only and idiot would leave the majority of their coins in online wallets and not on their own hardware. You make yourself really look like dumb-ass by posting this stupid propaganda garbage.
 Quoting: Anonymous Coward 82368710


how do i withdraw or send funds without using an exchange?
 Quoting: Anonymous Coward 82405299


Sneakernet.

[link to en.m.wikipedia.org (secure)]

.
Anonymous Coward
User ID: 80092484
United States
03/08/2022 06:32 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Was thinking about this last night, first thing this morning was jump on the computer and close my coinbase account. It was easy, did'nt even ask the question why, 2 clicks and a couple passwords. I don't eat McDonald's but have been buying coke products, that stops today too. Going to get healthier please virtue signal more daddy. lol
Mr.Borg

User ID: 82245008
Brazil
03/08/2022 06:34 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Has Stealing Russian Citizens Become the New Normal?
Anonymous Coward
User ID: 82240382
Argentina
03/08/2022 06:35 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Anonymous Coward
User ID: 80092484
United States
03/08/2022 06:36 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
Was thinking about this last night, first thing this morning was jump on the computer and close my coinbase account. It was easy, did'nt even ask the question why, 2 clicks and a couple passwords. I don't eat McDonald's but have been buying coke products, that stops today too. Going to get healthier please virtue signal more daddy. lol
 Quoting: Anonymous Coward 80092484


I would like to add I tried bitstamp last year, and so far I like it. No constant emails, you can use andOTP android app for the OTP, which is awesome.
Anonymous Coward
User ID: 82392127
United States
03/08/2022 06:36 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!


they'll be upset once they realize there's no functional
difference between an online wallet or a cold wallet.

They still think their cold wallet has magical powers.

.
Anonymous Coward
User ID: 66544310
United States
03/08/2022 06:39 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
I thought the accounts were anonymous?
 Quoting: Bloody Peasant!


they were until Donald J Trump became president and created the "know your customer" law or KYC


thanks trump
Anonymous Coward
User ID: 78520669
United States
03/08/2022 06:49 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!


they'll be upset once they realize there's no functional
difference between an online wallet or a cold wallet.

They still think their cold wallet has magical powers.

.
 Quoting: Anonymous Coward 82392127


You have no idea what the fuck you’re talking about.
Do some research and
stfu
Anonymous Coward
User ID: 80065960
United States
03/08/2022 06:56 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



Or get their crypto currency ...
Anonymous Coward
User ID: 78168645
New Zealand
03/08/2022 06:58 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
ONL;Y N00BZ LEAVE tHeir shit 0n excahnge!!!!.

U heard of , N0t ur Keyz, not ur CrYpto?


yodayoda
Anonymous Coward
User ID: 78168645
New Zealand
03/08/2022 06:58 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
ONL;Y N00BZ LEAVE tHeir shit 0n excahnge!!!!.

U heard of , N0t ur Keyz, not ur CrYpto?


yodayoda
Anonymous Coward
User ID: 79264468
United States
03/08/2022 06:59 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.
 Quoting: Anonymous Coward 79281006


Yes, that’s where I would feel my life savings is safe, on a $10 flash drive. No, I’d rather it be in a bank with security and insurance.
Anonymous Coward
User ID: 75287734
United States
03/08/2022 07:01 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!


they'll be upset once they realize there's no functional
difference between an online wallet or a cold wallet.

They still think their cold wallet has magical powers.

.
 Quoting: Anonymous Coward 82392127


Man these crypto tards don't have any patience with noobs.

Maybe someday they will need explaining, and everyone can just call them idiots. Say there's no excuse for your ignorance. LoL... Karma is looking at them real close now.

For me a cold wallet is still a risk. USB drives fail, become corrupt. Paper wallet is the way to go. 2 copies, one in safe, one in safety deposit box.
Anonymous Coward
User ID: 80608675
Canada
03/08/2022 07:06 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!


Thats why the saying is if its not your own wallet, then its not your own crypto.

If you have crypto on anything that isnt a hardware wallet, then its not your crypto ... its someone elses.

Like having money in the bank. Its not your money, its the banks, and they can take it any time they want to.
Anonymous Coward
User ID: 80608675
Canada
03/08/2022 07:08 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!


they'll be upset once they realize there's no functional
difference between an online wallet or a cold wallet.

They still think their cold wallet has magical powers.

.
 Quoting: Anonymous Coward 82392127


Man these crypto tards don't have any patience with noobs.

Maybe someday they will need explaining, and everyone can just call them idiots. Say there's no excuse for your ignorance. LoL... Karma is looking at them real close now.

For me a cold wallet is still a risk. USB drives fail, become corrupt. Paper wallet is the way to go. 2 copies, one in safe, one in safety deposit box.
 Quoting: Anonymous Coward 75287734


Cold wallet is paper you dummy.

If a cold wallet fails or breaks or whatever, its always accessible with the paper passphrase. Dumbass.
Anonymous Coward
User ID: 82137577
United States
03/08/2022 07:08 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
I highly doubt many russians are stupod enough to leave anything in cb or cbw.
Anonymous Coward
User ID: 78520669
United States
03/08/2022 07:09 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!


they'll be upset once they realize there's no functional
difference between an online wallet or a cold wallet.

They still think their cold wallet has magical powers.

.
 Quoting: Anonymous Coward 82392127


Man these crypto tards don't have any patience with noobs.

Maybe someday they will need explaining, and everyone can just call them idiots. Say there's no excuse for your ignorance. LoL... Karma is looking at them real close now.

For me a cold wallet is still a risk. USB drives fail, become corrupt. Paper wallet is the way to go. 2 copies, one in safe, one in safety deposit box.
 Quoting: Anonymous Coward 75287734


Karma is “looking at” who, you stupid cunt?
Anonymous Coward
User ID: 80608675
Canada
03/08/2022 07:09 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!


they'll be upset once they realize there's no functional
difference between an online wallet or a cold wallet.

They still think their cold wallet has magical powers.

.
 Quoting: Anonymous Coward 82392127


Man these crypto tards don't have any patience with noobs.

Maybe someday they will need explaining, and everyone can just call them idiots. Say there's no excuse for your ignorance. LoL... Karma is looking at them real close now.

For me a cold wallet is still a risk. USB drives fail, become corrupt. Paper wallet is the way to go. 2 copies, one in safe, one in safety deposit box.
 Quoting: Anonymous Coward 75287734


And PS. If you are stupid enough to leave your whole passphrase in a safety deposit box, then you've already lost all your crypto.

Safety deposit boxes are someone elses property, not yours.
Anonymous Coward
User ID: 72403000
United States
03/08/2022 07:11 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
But, but muh 'coins', muh imaginary 'coins'.

lmao
Anonymous Coward
User ID: 78008151
03/08/2022 07:11 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
THIS IS FUCKING BULLSHIT!!!!!
so they can just lock up whoever crypto anytime they want.
 Quoting: Anonymous Coward 80919309


pretty much.

Canada and now Coinbase.

these guys will say their wallet is a safe harbor
which is technically true but it's vulnerable
as soon as you interact over a network.

.
 Quoting: Anonymous Coward 82392127


SELF-CUSTODY IS SAFE.

You can always send money from one wallet/address to another without exchanges; the nodes and miners do this for you.

If you need an exchange there are always decentralised ones like bisq.network

If you need anonymity,m then do NOT use KYC.
And do not re-use addresses.

You can exchange through or into a privacy coin like Monero, and you can even do this using an atomic swap wothout ANY formal exchange in the middle.

Don't be fooled by ignorant people. It is private, and can be as private as you need it to be, using the above tools.
Anonymous Coward
User ID: 78174180
United States
03/08/2022 07:12 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!


Puties suck dong
Bloody Peasant!  (OP)

User ID: 72868226
United States
03/08/2022 07:12 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
So much anger from the crypto crowd...jeez

It's like you think everyone is attacking you but it's all in your head. Don't kill the messenger my man. Just be cool
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
Anonymous Coward
User ID: 78008151
03/08/2022 07:13 PM
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Re: Coinbase steals crypto...how safe is Crypto again?
And I hold more gold than crypto.
But I see the value of both.

Crypto: great for distance transactions, walking across borders.
Gold: Great for preservation, privacy, selling locally.





GLP