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PayPal supporting #Bitcoin will be amazing for adoption, however, don't expect PP to change their policies on account closures. They're still a centralized choke point and the government will continue to commandeer the financial system for extrajudicial sanctions. Not your keys..
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As much as I like you Jesse, isn’t an exchange just about the same thing? Not your keys...
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Absolutely. For chrissakes, don't leave more coin on Kraken than you need for your activity. If we get a legit government order to close your account and hand over the coins, you can say goodbye to your precious savings. Great thing about crypto is you can self custody.
How can I not respect you even more for such an honest answer.
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Very true, but that would be the same for all exchanges across US then. Would happen both to Conbase, Kraken, Gemini, CashApp, Swan Bitcoin etc at the same time. I don't think it will happen! Just saying if they want to stop Bitcoin trade it would be on all platforms.
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And just want to add on that IF that was to happen, then the trade would continue on the black market AND the price would go up. That ALWAYS happens when a commodity becomes illegal. Just look at drugs. And alcohol during prohibition.
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It's great that you would openly take this position and I hope others follow but how do you reconcile this with offering staking services?
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It's a service that people want. Same rationale for supporting 💩coins like USD. Not everyone is sophisticated enough to stake their own coins, and many people trust a centralized custodian more than they trust themselves. Even I keep most cash in a bank account, despite the risk
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I'll be closing my Conbase account and opening one with Kraken because of this response. Take note
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this is the first time I see a CEO of a mayor exchange mentioning this detail in such a raw and honest fashion, kudos and keep the amazing work!!!
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+1 ☺️
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