keccers
@keccers.eth
A totally unsurprising and now deleted post from a prominent voice in the ETH community complaining about how terrible Coinbase customer service is Don’t put money in Coinbase you are not comfortable with losing access to at any time, or losing entirely. Do not let them trick you into thinking they are comparable with a bank. They are not. Not on a support level, not on a compliance level, and your money is not insured there. Coinbase does not want to build “better”. They are not somehow virtuous because it’s “onchain”. They want to usurp the existing financial rails and replace them, and with less consumer protections for the little guys To put a point on it: Coinbase does not care about you, full stop. Dealing with them is a reality for most Western crypto users, whether through the dominance of Base in spaces like Farcaster, getting a stable job in the industry or having a place to custody your funds. I understand that, I am saying be judicious and careful when you engage
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Catch0x22 (2025 variant)
@catch0x22.eth
i think it's fair to call them out as Hudson did, but it's not fair to say "they don't care, they just want to usurp the existing system" that seems like a stretch coinbase/base could integrate policies of protection like simple insurance.. but the laws+tech haven't quite caught up yet unless you're happy to trust Multicoin and Wintermute to backstop a lot of what coinbase offers could and probably will be overtaken by bigger banks in the near future. but those guys definitely won't care about brypto
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keccers
@keccers.eth
I don’t know why you think it’s radical for me to say they want to usurp the existing when the app already asks you to set up direct deposit with your paycheck and things like that. They absolutely want to take the place these institutions have in your life I have been hopeful about existing institutions too and pray for the day I can custody, on ramp and off ramp with Fidelity.
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Catch0x22 (2025 variant)
@catch0x22.eth
i don't think that could happen without coinbase pushing to do it, if fidelity were pushing for it then everyone would say crypto failed banks are interested in crypto but it's still taboo. increasingly less tho, it's just a matter of time
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