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Pedro

@PeterMcCormack

Jun 6, 2020

This is why

@brian_armstrong

should do interviews. It is important that things like this are discussed.

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Frank Chaparro

@fintechfrank

· Jun 5, 2020

Coinbase wants to sell blockchain analysis software to the IRS and DEA a year after its Neutrino acquisition theblockcrypto.com/post/67551/coi

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Justin Mart

@jmart_199

Jun 6, 2020

Hey Peter, just to clarify so we're on the same page -- the insinuation I'm seeing is that CB is selling customer data. This is *not true.* Data in our Analytics tool is fully sourced from publicly available data, and does not include any personally identifiable information.

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and

Does that mean it is not augmented or informed by any information provided by clients at all? To rephrase: could another company arrive at the same exact product with data publicly available? Or, is some non-public info used to draw connections between addresses, other insights?

7:29 AM · Jun 6, 2020Twitter for iPhone

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Exactly. I think that blockchain analysis is necessary for governments to feel comfortable with cryptocurrencies but selling blockchain analysis services to the government as an exchange that handles KYC of millions of users? That in itself is crazy

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Perhaps the best counter-argument is that they have not identified Satoshi for 11 years.

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Even if only on-chain data is used today, it's fairly trivial for them to incorporate non-public information tomorrow (e.g. customer's KYC and activity data). There's just no way to know.

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and

It is fully-sourced from public data, so yes, any other company can arrive at the exact same product with publicly available data.

Larry Cermak

@lawmaster

Jun 6, 2020

How can someone trust your/Coinbase's word for it? Not that I'd compare Coinbase to Facebook but they also denied and denied until it was undeniable. Wouldn't it be easier to just not offer blockchain analysis services to the government?

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