Good (and TBH unexpected) move by Coinbase. If we lose the foundations of privacy at this stage, the future of crypto would be severely affected.
Crypto and digital assets should be free from regulation, even if it brings side effects (e.g. laundering). The moment we centralize crypto by state, we lose the war against corrupted states and centralization.
While I don't support bad actors that use crypto in any way, I still believe having them is a side effect that we need to accept for a better world without government survelliance.
Crypto and digital assets should be free from regulation, even if it brings side effects (e.g. laundering). The moment we centralize crypto by state, we lose the war against corrupted states and centralization.
While I don't support bad actors that use crypto in any way, I still believe having them is a side effect that we need to accept for a better world without government survelliance.
The upside still outweighs the downsides.