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Coinbase, Venmo, and others are not enabling censorship resistant crypto payments. Coinbase does track who and where you send your crypto to, so in theory they
by rodneyg_ 5y ago
Coinbase, Venmo, and others are not enabling censorship resistant crypto payments. Coinbase does track who and where you send your crypto to, so in theory they can control what you do with it. The workaround would be to send your crypto to wallets not associated with them, even still.
- adrusi 5y agoCoinbase and Venmo's role is analogous to a bank that offers account holders debit cards that can access CC networks, not the organizations in control of the CC networks themselves.
- stale2002 5y ago> so in theory they can control what you do with it. And yet, that isn't happening to the same degree as visa or mastercard. So, for whatever reason, visa and mastercard are currently, successfully, forcing OnlyFans to do this kind of policy change, whereas coinbase is not. When the actual rubber meets the road, crypto is defacto, not as censored as visa or mastercard.
- lmm 5y agoYou could say the same about, say, Amex or Discover being de facto not as censored as Visa and Mastercard. The pressure is on Visa and Mastercard because they're where the vast majority of the money flow comes from.