Re:Coinbase is launching support for the USDC stablecoin
by plankers on Tuesday October 23, 2018 @03:22PM
(#18286552)
Your original point was that _Coinbase and Gemeni_ had prevented you from exchanging your BTC for fiat currency. There's nothing preventing you from taking your BTC to some other exchange, or just some guy that accepts BTC for goods or services. That's the beauty of this whole decentralized thing.
[ Parent
| on HN ]
Re:Coinbase is launching support for the USDC stablecoin
by hudon on Tuesday October 23, 2018 @03:33PM
(#18286652)
No, you misread. "et cetera" is latin for "and the rest"... I put that there because exchanges are all tied. A ban on one leads to a ban on another, depending on the severity of your crime.
> There's nothing preventing you from taking your BTC to some other exchange
I've already showed you that exchanges can freeze your assets, so yes they can prevent you from sending to other exchanges.
> some guy that accepts BTC for goods or services. That's the beauty of this whole decentralized thing.
If your marker for decentralization is currency adoption, then USD is the most decentralized.
I thought we were passed this whole "Bitcoin is not created by humans" meme...
Re:Coinbase is launching support for the USDC stablecoin
by SuddsMcDuff on Tuesday October 23, 2018 @04:45PM
(#18287313)
> "I've already showed you that exchanges can freeze your assets"
Your point is well taken, however it needs to be made clear: exchanges can only freeze those assets which you yourself have placed in their control.
Re:Coinbase is launching support for the USDC stablecoin
by a_t48 on Tuesday October 23, 2018 @04:00PM
(#18286899)
Can’t you just do a private transfer to a fresh wallet?
Re:Coinbase is launching support for the USDC stablecoin
by jki275 on Wednesday October 24, 2018 @09:13AM
(#18292079)
It doesn't work that way, every transaction is fully traceable all the way back to the block the coin was mined in.