A Look at Coinbase's History of Controversies: An In-Depth

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A brief history of the attempted takeover of Bitcoin by BlockstreamCore/The legacy banking systems/The Powers That Be

Bitcoin takes power away from the government, and gives it to the people. Bitcoin not only takes away power from governments, but also makes the legacy banking system obsolete.
You think The Powers That Be will let this happen without a fight? Think again. Blockstream was formed for the purpose of stifling the growth of Bitcoin. No, they are not simply a greedy corporation that wishes to profit off of Bitcoin. The sole reason for Blockstream's existence is to cripple Bitcoin and make it useless.
The following people have all been Blockstream employees, and are Bitcoin Core developers (besides Adam Back):
Blockstream received $76 million in funding from AXA, one of the largest multinational insurance corporations in the world, whose (former) CEO and Chairman, Henri de Castries, is also Chairman of the Steering Committee for the Bilderberg Group.
Satoshi's vision for Bitcoin was to allow massive on-chain scaling so the entire world could use it. The 1 MB block size limit exists only to intentionally create problems for Bitcoin, driving up the fees, and making the coin useless. Adam Back was added to Blockstream for the sole reason that he has some "clout" because he was mentioned in Satoshi's whitepaper. A new leader was needed to replace Satoshi, and fight against his vision. This is Adam Back.
The main communication channels (/Bitcoin, BitcoinTalk Forums, and Bitcoin.org) are all owned by a man named Michael Marquardt, AKA theymos. Theymos has most likely been threatened, or paid off by powerful people. /Bitcoin is completely censored for the purpose of controlling the narrative. The CSS of the subreddit was even drastically altered to hide the fact that hundreds of comments were being removed through systematic censorship. Any talk of raising the block size limit, or criticism of Blockstream or Core, will get you censored and banned. In order to take over Bitcoin, you must control the narrative, and trick people into thinking that crippling Bitcoin with high fees is a good thing.
Bitcoin XT was created to try and alleviate Bitcoin's scaling problems. When this project gained traction, and Coinbase started testing with Bitcoin XT, Coinbase was removed from Bitcoin.org. These intimidation tactics from the BlockstreamCore regime are extremely common. There have been too many of these social attacks to even list. For example, Roger Ver is often called a scammer, a felon, and a convicted criminal who went to prison for selling explosives. These are the typical ad hominem attacks used. Roger Ver, along with thousands of other people sold harmless firecrackers on eBay. People play with firecrackers (at their own risk) for fun, and to have a good time. They are also technically explosives. The law on the sale of these was also never enforced, and many people bought them off eBay. So although Roger is technically a criminal, because he committed a "crime", and he technically DID sell "explosives", people try to make you think that maybe Roger was actually a dangerous domestic terrorist arms-dealer who sold explosives as weapons.
Projects like Bitcoin Unlimited were created in an attempt to fix the scaling problems in Bitcoin, and gained widespread community support. But talk of BU in /Bitcoin was disallowed. BU was attacked viciously in every way shape and form. The developers were accused of running a scam, trying to purposely centralize Bitcoin, etc. BU was a major threat, because it would take power away from BlockstreamCore, and make Bitcoin great again. BU on many different occasions was attacked using exploits in its code, to shutdown BU nodes. These attacks were almost certainly done by members of Core, like Greg Maxwell. These events were widely publicized by /Bitcoin in an attempt to shame BU and prove that the developers are incompetent.
Over time, many other blatantly obvious astroturfing campaigns took place in order to control the narrative. UASF, NO2X, AntBleed, and ASICBoost were all bogus astroturfing campaigns meant to stir up controversy where there was none, and to "rally the troops".
In the early months of 2017, I witnessed a "community flippening" occur, in which there were more hardcore/legitimate members of the Bitcoin community in /btc, than in /Bitcoin. People were waking up to the censorship and social attacks that were occurring. The people who remain in /Bitcoin at this point are mostly newbies who have just entered the space, useful idiots who can't think for themselves and have undying loyalty to Core, and paid shills.
After realizing that BlockstreamCore will never compromise, Bitcoin Cash was created to restore Satoshi's original vision. Bitcoin Cash was immediately attacked in many ways. It was called ChinaCoin in an attempt to trick people into thinking it's a centrally controlled Chinese scam coin. It was called Bcash (and sometimes Btrash) in an attempt to take Bitcoin out of the name. When users posted about Bitcoin Cash in /Bitcoin, they were directed to post to the fake /Bcash subreddit. Bitfinex and Trezor even listed the coin as "Bcash" even though this just confused people more, as Bitcoin Cash was never referred to as Bcash by any of the development teams.
Bitcoin Cash was attacked relentlessly. When Coinbase and Bitstamp added Bitcoin Cash, /Bitcoin tried to rally the troops to boycott them. When the Bitcoin.com wallet added Bitcoin Cash, /Bitcoin attempted to rally the troops to leave hundreds of 1 star reviews on the app store.
Eventually a popular tipping bot called "tippr" was invented. Over a couple months, this gained massive traction and increased adoption substantially. Tippr was attacked in recent hacking attacks, where password reset links were sent to the emails of Reddit accounts, the passwords of these accounts were changed by the attackers, and then the Bitcoin Cash in their tippr balance was stolen. This was one of the greatest mistakes of the BlockstreamCore regime. It is now blatantly obvious that the email accounts of these users were not compromised. It is also unlikely that this is an exploit in Reddit itself. Reddit is the EIGHTH most popular website in the world, according to Alexa rank. A zero day exploit that allows ANY REDDIT ACCOUNT to be taken over, could potentially sell for hundreds of thousands of dollars on the black market. Yet the exploit was used to steal maybe $5,000 bucks tops, from a Bitcoin Cash tip bot? How come the tip bots of other cryptocurrencies were not targeted? The answer is because it wasn't about the money! Bitcoin Cash is one of the greatest threats in the cryptocurrency space, and it is being specifically targeted in many attacks. I don't expect Reddit to reveal any details of how the tippr hack was done.
Extremely powerful forces are behind the takeover of Bitcoin, and the attacks on Bitcoin Cash. For those of us that have been around a while, it's blatantly obvious what is happening.
submitted by BitAlien to btc [link] [comments]

"Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, r/btc" ~ u/randy-lawnmole

Notice how anyone who has even remotely supported on chain scaling has been censored, hounded, DDOS'd, attacked, slandered and removed from any area of Core influence. Community, Business, Hearn, Gavin, Jeff, XT Classic Coinbase, Unlimited, ViaBtc, Ver, Jihan, Bitcoin.com, btc Blah blah blah.
At what point do the rational members of the Bitcoin world stand up together and say enough is enough?
https://np.reddit.com/btc/comments/5odsy3/for_the_last_two_weeks_ive_been_sending_at_least/dcinkdc/
submitted by ydtm to btc [link] [comments]

/r/bitcoin wants to spam Coinbase to support their UASF altcoin, after they vehemently attacked Brian for running Classic and XT in the past.

submitted by newuserlmao to btc [link] [comments]

Coinbase banned from /r/bitcoin over support for XT

submitted by PleasureKevin to Buttcoin [link] [comments]

Yes, Coinbase will be censored from /r/bitcoin if they embrace XT (which they did yesterday)

submitted by Nathan2055 to bitcoin_uncensored [link] [comments]

Merged: Coinbase removed from Bitcoin.org for running experimental XT nodes

Merged: Coinbase removed from Bitcoin.org for running experimental XT nodes submitted by PotatoBadger to btc [link] [comments]

/u/theymos: -249 points from last 1000 comments. Worst Comment (-752 points): "Right. If Coinbase promotes XT to customers on coinbase.com and/or switches all of its full nodes to BIP 101 software, then Coinbase is no longer using the Bitcoin currency, and it doesn't belong on /r/Bitcoin."

theymos: -249 points from last 1000 comments. Worst Comment (-752 points): submitted by BobsBurgers3Bitcoin to btc [link] [comments]

Yes, Coinbase will be censored from /r/bitcoin if they embrace XT (which they did yesterday)

submitted by Nathan2055 to bitcoinxt [link] [comments]

Noob question. I bought Bitcoin on Coinbase 2 years ago. Will I be able to transfer it to a Core wallet on my home PC? I hear they are running Bitcoin XT now.

submitted by bilabrin to Bitcoin [link] [comments]

Is it safe to use Coinbase because of their choice to run Bitcoin XT?

I use Coinbase to buy my bitcoins. Usually i transfer it offline. Since Coinbase is running XT will i be burned if i buy or if i transfer bitcoins offline now? Anyone know if there is a deadline for the fork to happen. I want to buy a few more bitcoins but am uncertain now and don't want to be on the wrong blockchain.
submitted by fatpuggle to btc [link] [comments]

Yes, Coinbase will be censored from /r/bitcoin if they embrace XT (which they did yesterday)

submitted by Nathan2055 to btc [link] [comments]

Back in 2015 theymos threatened to ban coinbase from r/bitcoin and push all mentions into the altcoin section of bitcointalk for promoting BIP101 and Bitcoin XT. Pretty crazy, I had never read about this

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

So, alternative to "censored" r/bitcoin is a subreddit filled with coinbase/xt/bitcoin.com shills? Yes, I am talking about you r/btc.

Enjoy your circlejerk, I'm out
submitted by hiirmejt to btc [link] [comments]

Coinbase chose to run XT over bitcoin Unlimited last year, then it put Classic nodes into production just a few weeks later...

...again choosing something other than BU. Now BU has been out for about a year and is gaining some hash rate but Coinbase and CEO Brian Armstrong have made no indication that they are running BU nodes at this and no comment has been made. Why do you suppose that is?
submitted by Hernzzzz to btc [link] [comments]

Coinbase a.) admits Bitcoin-XT is an altcoin, and b.) considers catastrophic consensus failure as an option

Coinbase's Director of Engineering:
"[or] Support both the Core chain and the XT chain and let people use both coins"
https://github.com/bitcoin-dot-org/bitcoin.org/pull/1178#issuecomment-167392191
submitted by sgornick to Bitcoin [link] [comments]

"Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, r/btc" ~ u/randy-lawnmole

Notice how anyone who has even remotely supported on chain scaling has been censored, hounded, DDOS'd, attacked, slandered and removed from any area of Core influence. Community, Business, Hearn, Gavin, Jeff, XT Classic Coinbase, Unlimited, ViaBtc, Ver, Jihan, Bitcoin.com, btc Blah blah blah.
At what point do the rational members of the Bitcoin world stand up together and say enough is enough?
https://np.reddit.com/btc/comments/5odsy3/for_the_last_two_weeks_ive_been_sending_at_least/dcinkdc/
submitted by zcc0nonA to ShowerCoins [link] [comments]

question on bitcoin scalability, bitcoin xt and the progress of TPS. also, what's going on with coinbase /r/Bitcoin

question on bitcoin scalability, bitcoin xt and the progress of TPS. also, what's going on with coinbase /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

/r/bitcoin wants to spam Coinbase to support their UASF altcoin, after they vehemently attacked Brian for running Classic and XT in the past.

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Brian Armstrong says Coinbase will run Umlimited Nodes: "we are running a variety of node types in production including bitcoin core, XT, a custom node we wrote which works at our scale, and we will probably add others like BU"

Brian Armstrong says Coinbase will run Umlimited Nodes: submitted by freddiyt to bitcoin_unlimited [link] [comments]

Noob question. I bought Bitcoin on Coinbase 2 years ago. Will I be able to transfer it to a Core wallet on my home PC? I hear they are running Bitcoin XT now. /r/Bitcoin

Noob question. I bought Bitcoin on Coinbase 2 years ago. Will I be able to transfer it to a Core wallet on my home PC? I hear they are running Bitcoin XT now. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase chose to run XT over bitcoin Unlimited last year, then it put Classic nodes into production just a few weeks later... /r/btc

Coinbase chose to run XT over bitcoin Unlimited last year, then it put Classic nodes into production just a few weeks later... /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org - Bitcoinist.net

Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org - Bitcoinist.net submitted by knight222 to btc [link] [comments]

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Coinbase was one of the companies affected by this distracting aspect of the Bitcoin ecosystem, as their public support for Bitcoin XT got their listing on Bitcoin.org removed not too long ago. The Bitcoin community was not amused by this decision, as the Coinbase exchange and wallet service is of great value to the digital currency world. ExtStock Token Price (XT). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Brian Armstrong (CEO) supported the controversial Bitcoin XT/Classic project. Coinbase Alternatives. Find the cheapest alternative to Coinbase in the UK with BittyBot. BittyBot crawls across popular UK and EU Bitcoin (BTC) markets and helps you buy and sell Bitcoin (BTC) at the best possible price. Conclusion: A Great Way to Buy Bitcoin in the UK According to CEO Brian Armstrong, Coinbase is now running the new version of Bitcoin software, Bitcoin-XT, a move which has divided the Bitcoin community in the past few days. The company is merely experimenting with the software, it stresses; however, this has inspired much contentiousness on online Bitcoin forums, including being removed from Bitcoin XT, however, was killed by rogue agents before it even really had a chance to take off. The New York Times reported in January 2016 that a nefarious actor had distributed Bitkiller, powerful malicious software that overwhelmed users who downloaded Bitcoin XT software. The software had even affected Bitcoin XT-supporting Coinbase, who

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