When you open the Coinbase app it shows you this call to action to participate in an astroturfing effort to make US Senators think the “general public” agrees with them about passing the crypto bill currently in the senate.
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I was an early adopter and thought it could be great for funding online collaborative projects a decade ago. Started making an app but it’s a bad space.
Then my mom wanted to buy bitcoin and threatened to do it on her own if I didn’t help so I thought it was safer if I set it up for her.
My sympathies. I managed, after ~10 hours of argument and pleading, to stop my brother from "investing" in NFTs.
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My instinct is that if coinbase wants it then it is bad.
But I am willing to listen to a reasonable argument.
Why can’t we have the “no politicians making money on crypto in the bill?”
I will call to ask about this today. Ban the politicians from touching a crypto coin. That seems obvious.
@futurebird I wish we could just ban crypto period.
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My sympathies. I managed, after ~10 hours of argument and pleading, to stop my brother from "investing" in NFTs.
My mom made like $300– but I think I mostly scared her out of doing much more. She insisted on only cashing out $200 and leaving $100 in “in case it explodes” so dutifully I check on it now and then.
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My sympathies. I managed, after ~10 hours of argument and pleading, to stop my brother from "investing" in NFTs.
She was horrified by the fees and my explanation of how the “no fee option” meant trusting randos on facebook marketplace.
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@futurebird I wish we could just ban crypto period.
At this point i’m in
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My instinct is that if coinbase wants it then it is bad.
But I am willing to listen to a reasonable argument.
Why can’t we have the “no politicians making money on crypto in the bill?”
I will call to ask about this today. Ban the politicians from touching a crypto coin. That seems obvious.
@futurebird In 2024 this argument might have held water. Trumpcoin exists _only_ as a way to bribe the President. How can any attempt at probity stand in the face of that?
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When you open the Coinbase app it shows you this call to action to participate in an astroturfing effort to make US Senators think the “general public” agrees with them about passing the crypto bill currently in the senate.
This bill is what coinbase wants— banks don’t like it.
It could have had language to prohibit politicians from profiting from crypto but does not— a big miss.
I also don’t like the “online fake banks” trend. But I need to know more— anyone know more?
A political “call to action” in this app that has pretensions of being a “bank”— a “respectable investment brokerage”— this is exactly why I don’t agree with anything these clowns might want. My trust is less than zero.
They always want more ways to exploit people with less oversight every single time.
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F myrmepropagandist shared this topic
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My instinct is that if coinbase wants it then it is bad.
But I am willing to listen to a reasonable argument.
Why can’t we have the “no politicians making money on crypto in the bill?”
I will call to ask about this today. Ban the politicians from touching a crypto coin. That seems obvious.
@futurebird Crypto is an attempt to privatize money.
There is no such thing as private money, by the philosophical necessities; the thing that makes it money is the involvement of the sovereign, whether phrased as "full faith and credit" or "treasuries and armories". (Exchange doesn't need money in any way at all, but the "medium of exchange and store of value" nature of money needs the sovereign to exist.)
Any crypto is a priori a bad, bad idea.
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When you open the Coinbase app it shows you this call to action to participate in an astroturfing effort to make US Senators think the “general public” agrees with them about passing the crypto bill currently in the senate.
This bill is what coinbase wants— banks don’t like it.
It could have had language to prohibit politicians from profiting from crypto but does not— a big miss.
I also don’t like the “online fake banks” trend. But I need to know more— anyone know more?
I sent an angry email to Senator Gilliibrand last year when she was a cosponsor of a crypto bill and got some bullshit about how it's an opportunity that needs to be seized or something like that.
Needless to say I am absolutely not giving her my vote in a primary.
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She was horrified by the fees and my explanation of how the “no fee option” meant trusting randos on facebook marketplace.
Haha almost like it's a scam
![Robert [KJ5ELX] :donor:](https://media.infosec.exchange/infosec.exchange/accounts/avatars/115/833/042/784/456/710/original/6c4929fda05c7451.gif "Robert [KJ5ELX] :donor:"){kind=avatar}
