Coinbase will always be the enemy of Bitcoin !Coinbase will always be the enemy of Bitcoin !
bookmark and remember this warning
Conbase is using their own chain, as a fractional reserve. They never make it available the proof of funds.
They function exactly like a bank: take 10 bucks from depositors and give 100 (fictional) bucks to others, inside their wallets system.
When this lie will blow up it will be really bad... really bad. A "MtGox case" can happen anytime with this Coinbase shit.
Conbase is a bank and is a danger using it!Conbase is a bank and is a danger using it!
Yes must be named CON-base and not Coinbase.
Was created and funded by the banksters (BBVA) and will act always like a bank (aka fuck the users). Who is BBVA
Their goal is NOT to help people to get into Bitcoin, but to register them, track, monitor, seize, "share" their personal data with "3rd parties" etc. It's a banksters tool to keep almost all BTC users in control.
BBVA news: BBVA multiplicará por 100 su inversión en el bróker de criptodivisas Coinbase
Here are just few reasons to think about (there are much more):
- Conbase CEO signed the S2X agreement against Bitcoin itself
- Conbase CEO at the Bitcoin roundtable, conclusion
- Recently even a federal prosecutor join the board of directors of Conbase, so imagine what's next...
- Almost all CB users will end up fucked by CB like these ones.
- Conbase was even sued for misconduct in managing people's money
- Conbase did not implement Segwit and is losing people's money. Now in 2024 it is implemented but only after Bitcoin community pressure and after many years.
- Wikileaks start a boycott against Conbase
- Conbase closed Gab account
- Conbase aquired a surveillance company, Neutrino, to integrate their chainalisys code into more surveillance of Conbase users
- Conbase selling user data
- Conbase named in article about companies sharing our data to create secret consumer scores
- The Conbase DeFi mafia borrows the coins that you have stored at Coinbase
- Conbase new direction is censorship leaked audio
- Law firm says IRS is working with Coinbase
- How I learned to stop worrying and love unhosted wallets
- Conbase sued for privacy violations over customer biometrics
- Recently Conbase partnership with Lightspark to implement LN. But there's a catch. Not to help you the user, but to trace you even more and make LN more compliant and regulatory bitch. Read here WHO is Lightspark and what they want (long investigative article).
- STOP using that shit (if you still use it) - #DeleteCoinbase (twatter hashtag)
I hope you, the new bitcoin user, will take this really serious in consideration and DYOR.
Reminder: Satoshi's papers, stated:
Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Are you new to Bitcoin and don't know how to get started? No problem, just read Darthcoin Bitcoin and Lightning guides and your Bitcoin life will be much easier.
General Guides | Beginner | Wallets | Nodes | Merchants | Resources
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Every time the ETFs buy, it gives more power to Coinbase to continue the fractional reserve and suppress the price so they can buy cheap sats.
Every time MSTR buys, it gives more power to Coinbase to fractionally reserve more bitcoin.
If this new Strategic Bitcoin Reserve happens, it will do even more of the same.
If people don’t get the fuck off of Coinbase, the largest entities in the world will capture Bitcoin.
Great information. What I would really like to explore is their "prime custody" service for big corporate entities. That seems like a potentially extraordinary time bomb.
Bitcoin fire sale.
If/when Order6102฿ is made...its all there ready and waiting.
In the meantime they are steadily reducing the liquidity capacity of the protocol by locking up more and more sats into institutional custody where P2P payments cannot be implemented.
The underlying and already highly successful strategy is to prevent Bitcoin from becoming a widely used P2P payments protocol that could threaten the fiat banksters MoE hegemony...and most Bitcoiners are blissfully unaware, bedazzled and diverted from revolutionary zeal, by speculative gains.
Well said. Couldn't agree more.
Ah shit I forgot to add that. Thanks for reminding me.
Yes, finally finding someone to say out loud what I have been thinking for months (or even years) by no! Thanks for the clarification.
Are you also going to do a piece on Binance? Same feelings there.
All Shitcoin Casinos are the same—enemys of bitcoin.
Binance, Bitfinex, Kraken are all a shitshow
That's why we need more LN nodes running behind tor, not less.
If are private nodes, maybe, but not public routing nodes.
is a big difference and Tor is not a solution for LN nodes.
If we build more guard nodes, tor routing LN nodes will work better. Also implementing i2p will be a plus.
You don't know what are you talking about.
LN and routing nodes is a nightmare, no matter how many guard nodes you put in the middle.
Is about the time sync, the response time. For LN is CRUCIAL.
As i said, for a private node, maybe is OK, but even then, LN already have onion routing & blinded paths so as a sender you are not revealing anything. As a receiver, I wrote this guide.
Tor for a LN node is just an added pain in the ass. Is just an illusion of privacy.
Ok, then don't do a routing LN node over tor. You can't stop others doing it.
Yeah but serious routing nodes will not connect with random bullshit crap Tor only nodes.
So you will be isolated from big routing.
I WILL NEVER CONNECT MY ROUTING NODE TO A TOR ONLY NODE.
FUCK'EM. They only bring more trouble.
Read more:
https://darth-coin.github.io/nodes/recommendations-ln-node-operators-en.html
I know you will not read it, but I post it anyways for others to read...
They are the losers not me.
They will say "i'm helping the network"
you are doing the opposite with a routing node behind tor
Thank you Darthcoin, I took the time to read it and I planned to run a node only behind Tor. I didn't know, now I won't. Will Arc be easier than LN?
Arc is NOT a replacement of LN.
Does Coinbase even have proof-of-reserves? Huge red flag if not.
Nope. River is the only company in the US that has PoR and proves that they actually have the bitcoin they claim to have.
https://btctimes.com/river-secures-over-800-million-in-bitcoin-and-launches-proof-of-reserve-system/
Kraken does them
I've been using Kraken, but I'm assuming it's nearly the same issue because it's also KYC?
Not the same disastrous like Conbase but is closer.
Here you have more options:
https://darth-coin.github.io/beginner/buy-bitcoin-en.html
Thanks, I'm still working through the general guides. I could have read through them by now but I keep shooting down rabbit holes. There's so many links to documentaries and books etc.
So many rabbit holes, so little time. We're all much better for what we discover down those holes.
I agree. Unfortunately I keep learning things that I'd rather not know. Bitcoin has definitely shattered my world view in a lot of ways. I'm better off for it, but it also sucks having to incorporate how much everything sucks into my views on the world.
Why even use any KYC casino? Just install Robosats, Bisq or Peach, and do P2P. HodlHodl site works fine aswell if you don't want to mess with apps.
Fully agree. Thanks Darth.
If one has already bought bitcoin through cb, sending it to a self custody wallet, protects one from cb safu implosion
But one is unfortunately exposed to data farming etc
Would that be fair to say?
Don't do the darth grip on me 🤣
If all that list is not enough for a new user to NOT start using Coinbase, idk what is needed to say more.
Coinbase is not only fucking its users, but also all those transacting with Coinbase users, linking addresses etc mapping the whole Bitcoin ecosystem. Be aware of the consequences of using such service like Coinbase.
*Conbase
right, I forgot to say the correct name
Could buy your own mining rigs - or hashrate - and mine new bitcoin to mitigate the tracking of your corn.
dont they just volunteer up all transaction data to the IRS too? like without even being asked, they just automatically serve it all up? or did I imagine reading that?
LOL did you at least browse all the links I just posted? Is right there.
i can only parse so much evidence at a time lol
and is just a small part that I gathered during these years in Bitcoinlandia...
Newbies must know these facts.
What say ye on cash app 🤔 in thinking dodo
I took a deep dive after you warned me, one of the first things that came on X is this guy.
They restricted his acc and he has 2 mill. on.
Thank you
https://x.com/HopiumPapi/status/1867292870845063505?t=rAwa1vrPNOvS5o2e6mz7CA&s=19
https://xcancel.com/HopiumPapi/status/1867292870845063505
I dont agree. The enemy of Bitcoin is large scale for profit miners that will get liquidated after a few halvings and giving up the operation to malicious actors. Bitcoin is just one 51% attack away from becoming worthless. But lets see.
The large scale for profit fiat miners are the malicious actors.
We want them to all go broke so the pleb miners can inherit the earth 🌍 🌎 🌏
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Coinbase is central to the strategy of the bankers to capture and control Bitcoin.
And if necessary to ban private custody.
https://xcancel.com/getongab/status/1081255271429681153