[Cryptography] Bitcoin theft and the future of cryptocurrencies

[juan]

On Tue, 26 Dec 2017 09:41:55 -0500
John Newman <jnn at synfin.org> wrote:


> 
> 
> Interesting. I always bought coins directly from a guy who was happy
> to take my money, at a cost to me only slightly above TX fee, and
> send coin straight to my wallet(s). The whole concept of the KYC
> requirements of all the major online exchange sites seemed both
> antithetical to BTC and dangerous.


	It's a disaster. 

	https://blog.coinbase.com/kathryn-haun-joins-coinbase-board-of-directors-65b4d4c4e65f

	https://cointelegraph.com/news/coinbase-is-tracking-how-users-spend-their-bitcoins

	https://motherboard.vice.com/amp/en_us/article/ywnmkk/coinbase-irs-14000-bitcoin-tax


	oh and coinbase was literally 'founded' by goldman sachs scum .




> I was always wary of tumbling
> the coins for anonymity, and stopped screwing around with it when
> I lost easy access to my point of contact that would do direct coin
> for cash...
> 
> In any case, its been going on a couple years since I did anything
> at all with BTC. I do wish I had held on to some of the coins I
> went through, with the current prices (*bleh!*).
>