The beneath is a direct excerpt of Marty’s Bent Challenge #1212: “Save a buddy, inform them to get out of the Coinbase on line casino.” Join the e-newsletter right here.
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You will typically hear “Bitcoin maximalists” derided for being anti-free market when cautioning newcomers to keep away from altcoins and the exchanges that push them. These snake oil salesmen who hiss at Bitcoiners typically say that they’re merely afraid of competitors and do not need to admit that “Bitcoin has stagnated” and “the devs have gone elsewhere.” In actuality, many Bitcoiners warn newcomers to keep away from shitcoins and the casinos that listing them for buying and selling as a result of they’ve seen hoards of individuals led to slaughter by the siren calls of opportunists who care not about human freedom, sound cash or decentralization, however having the ability to make as a lot cash as doable. Irrespective of how unethically it’s acquired.
I extremely advocate you freaks — particularly any of you who’ve fallen prey to the siren calls of “a greater Bitcoin” — to learn via this thread from Sam Callahan, which dives into the overtly predatory techniques of Coinbase and their penchant for itemizing pre-mined altcoins which can be utter trash and get auto-dumped on an unsuspecting retail market. Not solely that, however Coinbase tends to cover bitcoin deep within the app so their prospects overlook it or just by no means discover it. They’re much extra incentivized to siphon off charges from shitcoin buying and selling than really educating people about bitcoin and serving to them purchase as a lot as doable.
I might name it a disgrace, but it surely’s actually worse than that. It is fairly disgusting really and Coinbase and its backers needs to be totally ashamed of themselves for participating in such a bucket store exercise. A as soon as considerably respectable model has utterly turned itself right into a contemptible unhealthy actor that needs to be averted in any respect prices.
Save your self, your loved ones and pals. Get your bitcoin off Coinbase and advise your community to do the identical.
