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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW

Coinbase Acquires Neutrino: https://www.coindesk.com/coinbase-acquires-blockchain-tracking-startup-neutrino-for-undisclosed-price
MEW & Bity (NO KYC): https://cryptobriefing.com/myetherwallet-kyc-less-exchange/
Bity: https://bity.com/

Hey everyone, welcome to a new episode, today is going to be short and sweet but not to worry! More in-depth videos await you at the end of this week, so don’t miss out on those bad boys.

Today I want to address what’s happening with Coinbase because it is something that its users need to be aware of, and I’m going to end with some great news so don’t you worry my friends.

You may have heard by now that Coinbase has acquired a taste for blockchain analysis. They’ve acquired one company called Neutrino. This company specializes in analyzing transactions that happen on public blockchains and Coinbase has come up with a couple different explanations for their interest in Neutrino. One article I’ve read stated they want to use this company to help them break into international markets by being able to better predict which markets do better where. Another explained how Neutrino will allow Coinbase to offer better security and ensure compliance with regulations.

Regardless of their reasons why, let’s not get confused here. Coinbase is very interested in learning all about the habits and patterns of its users. This kind of information is and will continue to be very valuable to many different entities. I’m not a fool, Coinbase is not the exchange people run to for anonymity. It’s extremely user friendly and it does help new users get a feel for cryptocurrencies. But the fact that they are publicly calling themselves “The Google” of cryptocurrencies makes my skin crawl.

For those who use Coinbase because it offers an easy off ramp from cryptocurrencies to fiat, here comes the good news! You now have another option.
If you’ve been a subscriber to this channel than you know all about the new MyEtherWallet.com version that’s recently been released. The thing with this new version is that you can use the integration with Bity to your advantage and withdraw up to $5,000 in Euros or Swiss francs. So I’m going to encourage you to check that one out and see if it can work for you. If you’re wondering how the heck this can work, like how can you really get FIAT without going through KYC requirements, this is the perfect reminder of what companies can offer if they operate in jurisdictions that are crypto friendly.

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30 COMMENTS

  1. WHAT I SENT TO COINBASE
    I sign up for coinbase, funded my account a week ago, and the funds is still pending, although coinbase took the money out of my bank account. Coinbase panel states I have to wait another two weeks before my money is active. If I knew that coinbase was going to hold my money hostage I would have never opened up a account. No real Bank holds people money hostage for three weeks. It appears that coinbase is pulling some type of scam. (holding people money to pay off others)
    Release my money, so I can get it out of coinbase, and close my account.
    Thank You.

  2. I cut ties with Coinbase yesterday. Seems after a long patronage they just would not reduce my hold times from 21 days. Of course it's ACH from the bank but 21 days between the purchase and my ability to transfer to my own private keys, is unacceptable. The Ice on the lake is that I must wait for over 1000 dollars in recent acquisitions to clear before I can close my account. This is exactly the same controlling behaviors I deal with daily at my traditional bank. Such behavior is exactly what I was trying to escape. I still hold a considerable amount of investment in crypto. For the time being; I am just going to HODL and watch developments. I have a sense that Government is getting too involved in our field and that they will over regulate to the point that the very purpose of Block Chain is no more. At which point Blockchain will be adapted to the reserve banking system. (Not Good) Unfortunately, corporations such as coinbase thrive at the moment. Governments go to war over money but here is something that has never been done before. People could if they collectively came to agreement literally wipe out a company such as coinbase if they en mass chose not to do business on coinbase platform. Imagine the message such an action would send to such companies. It would say If you forget what makes the wheels go round you will not survive because other platforms will be found. In closing. I came across this presentation and will definitely check this out. As for positive outlook Well that honestly depends on factors that are not in any individuals control. Should crypto become overly restrictive then it would no longer be in my own interest and I would divest and seek freedom through other means.  Good luck to all

  3. The hype about xpr completely interrupted the last negative. But it should be understood that xpr will then be forgotten on a coinbase, and will be taken for granted.
    But the "friends" of neutrino quickly do their work.

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