[2014-12-28] cointelegraph: Coinbase Is Tracking How Users Spend Their Bitcoins

[nerdydev]

Very concerning peace-

http://cointelegraph.com/news/113207/coinbase-is-tracking-how-users-spend-their-bitcoins

Coinbase has recently been demonstrating why consumer regulation is such a problem. The company seems to be tracking what their customers are buying with Bitcoin and closing any accounts involved in transactions that the company objects to.

[lyth0s]

Yet another reason to use Monero (XMR). Privacy matters.

[kjlimo]

Where Bitcoin meets fiat will always have controversy.

These types of articles are inevitable, but also a sign of growth.

How many people have horror stories of Paypal?

My mom was just explaining to my grandmother how awesome Paypal is for online purchases...

I suspect in 5-10 years, I'll be explaining the benefits of Bitcoin to them when they are ready and in need of Bitcoin.