It’s sort of ironic, as spreading the OCP narrative only primes a consumer to be more pissed off and paranoid when Coinbase themselves rightfully takes similar actions 

The customer support point about Coinbase is very rightful I believe. Their support is a disgrace when compared to the financial institutions they want to be considered a peer with

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

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the true irony is that they need to freeze customer accounts because of the stupid AML/KYC regs with which they're complying, and it goes without saying that those regs don't actually prevent money laundering in any way.

same shit with my bank, daily/weekly limits for moving funds as well as individual/cumulative purchases, can be arbitrarily locked anytime, etc.

building /juicebox | product marketing & growth | prev. NounsDAO, RAW DAO | learning to code

yeah I think their resolution process for those restrictions needs improvement

to me it’s all the same shit though. in canada we have what’s called FINTRAC regulations and this week I learned that you can’t make a purchase more than $5000 with a chequing account unless the merchant accepts wires. truly bonkers.

Regs compliance to me and breaking up a send over a few days far far different to me than account freezes lasting many months with 0 clue why and no recourse