Conversation
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.
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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
