[2017-03-16] Coinbase To Verify Your ID With Live Webcam – Bail Now From...

[Gembul]

News Bitcoin - Coinbase To Verify Your ID With Live Webcam – Bail Now From Centralized Exchanges

The freshly-licensed Coinbase is a bellwether of what to expect from centralized bitcoin exchanges. This is true not only in the U.S. but wherever regulation forces exchanges to serve the state and crony-banking system from which bitcoin offers escape.

No wonder decentralized exchanges, like Localbitcoins, are breaking their own volume records on a weekly basis. The peer to peer exchanges are imperfect. But for the cautious and the informed, they are a return to the privacy and financial freedom that made bitcoin a beacon.

READ MORE >>> https://news.bitcoin.com/coinbase-triple-verifies-id-webcom-bail-centralized-exchanges/

[IconFirm]

+100!

Centralised exchanges go against everything Crypto stands for & are not to be trusted - the future of crypto & financial freedom lies in decentralization.

[1Referee]

This is the exact reason why P2P trading will only happen to grow further. I can somewhow understand that people are required to verify themselves (in a softer form), but things right now are starting to become ridiculous. I just wonder why it takes so long to build up a solid decentralized exchange? I am not that much in the technical aspects of what exactly is holding holding back such an exchange to exist, but if you look at the NXT asset exchange, it's not that impossible after all.

[Hazir]

+100!

Centralised exchanges go against everything Crypto stands for & are not to be trusted - the future of crypto & financial freedom lies in decentralization.

We have working decentralized bitcoin exchange already - Bitsquare, but so far we can't really say it is popular way to trade your bitcoins.
When you skim through an oderbook of Bitsquare you will realize that this exchange barely has any volume. Plus high fees for 'anonymous' trading are not helping either.
Because of high prices majority of traders will still choose centralized big exchange and subjugate themselves to KYC/AML policies.

[Slow death]

KYC/AML policies.

These guys are not making life easier for people. Every day add more bureaucracy

News Bitcoin - Coinbase To Verify Your ID With Live Webcam – Bail Now From Centralized Exchanges

The freshly-licensed Coinbase is a bellwether of what to expect from centralized bitcoin exchanges. This is true not only in the U.S. but wherever regulation forces exchanges to serve the state and crony-banking system from which bitcoin offers escape.

No wonder decentralized exchanges, like Localbitcoins, are breaking their own volume records on a weekly basis. The peer to peer exchanges are imperfect. But for the cautious and the informed, they are a return to the privacy and financial freedom that made bitcoin a beacon.

READ MORE >>> https://news.bitcoin.com/coinbase-triple-verifies-id-webcom-bail-centralized-exchanges/

Oh God, this is becoming a serious problem.

[Quartx]

I have been a coinbase supporter from the start, however, with them implementing more and more id requests and becoming more centralized, I am starting to wonder what will happen to coin base one day in the near future. Unfortunately, coinbase seems to be an easy and safe way to buy and sell bitcoins if one is already verified in the past... Time for me to start looking for other places with similar functionality soon

[richardsNY]

We have working decentralized bitcoin exchange already - Bitsquare, but so far we can't really say it is popular way to trade your bitcoins.
When you skim through an oderbook of Bitsquare you will realize that this exchange barely has any volume. Plus high fees for 'anonymous' trading are not helping either.
Because of high prices majority of traders will still choose centralized big exchange and subjugate themselves to KYC/AML policies.

Bitsquare is a decent alternative, but the only point of attention and also centralization, is that when you work with fiat from their supported services, the whole aspect of their decentralization goes to waste. The only thing that is really decentralized when trading on Bitsquare, is when you start coin to coin trading. Regarding their fees, they might be seen as steep, but I think at this point they are fair. Especially in case of you having no other option.

[Iranus]

This is just pathetic.  So many exchanges that work in a conventional way and don't dictate everything that you have to do.  Bitcoin exchanges need to meet the aims of Bitcoin and not attack a community which nearly always values their privacy.

Coinbase is terrible to exploit traders and limit so many aspects of their accounts.  It's a shame that some people who use it don't care enough about their privacy to refuse to give their documents, which is the only thing that could stop this.

[Kprawn]

Coinbase is playing the game to survive. If they do not act according to the rules set by the government... then they will close their doors. The

masters will control the puppets and there are not a lot of freedom for them to operate without the strings. So, they either play by their rules or

they close them down. You still have the power, if you use your vote in a election for the party that supports Bitcoin. { In theory...right? }

[lokomotive]

Big Man watching you. Get away from coinbase