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A comment on Tell HN: Coinbase now requires physical address of recipient in crypto transfers. Parent comment

Re:Tell HN: Coinbase now requires physical address of recipi... by bhargav on Friday June 24, 2022 @08:12AM (#31860589)
It does have something to do with US entities. If the goal was anonymity, this move shows that it’s possible for it to be taken away by local entities. Imagine if all countries and localities did this.

Also: re your comment below a reply, yeah sure you don’t need Coinbase to trade crypto. coin ase is complying with local regulations, others will have to follow. So again, the original comment from OP around promises of Crypto is still accurate

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Re:Tell HN: Coinbase now requires physical address of recipi... by dylkil on Friday June 24, 2022 @08:17AM (#31860638)
> If the goal was anonymity

its a public ledger, the goal wasnt anonymity, it was autonomy

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Re:Tell HN: Coinbase now requires physical address of recipi... by Eddy_Viscosity2 on Friday June 24, 2022 @08:19AM (#31860658)
that's moving the goalposts. It was about anonymity too.
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Re:Tell HN: Coinbase now requires physical address of recipi... by ntoskrnl on Friday June 24, 2022 @08:54AM (#31861016)
Bitcoin's original design was a public ledger with all transactions publicly visible. That has never changed since the beginning.
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Re:Tell HN: Coinbase now requires physical address of recipi... by Eddy_Viscosity2 on Friday June 24, 2022 @10:24AM (#31862362)
True, but a not insignificant part of the pitch was also pseudonymity (rephrased from anonymity from strofcon's comment).
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Re:Tell HN: Coinbase now requires physical address of recipi... by strofcon on Friday June 24, 2022 @08:45AM (#31860926)
Just a nit - it was about pseudonymity, not anonymity.

Still worthless tech, but in the interest of fairness. :-D

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