Venezuelan govt blocks bank accounts of people leaving the country

Venezuela's Maduro is exemplifying how the banking system can be weaponized for political purposes. Political oponents and millions of people simply leaving the country to avoid starvation are finding access to their meager savings blocked.

This can happen, will happen, in many other countries. It is the logical conclusion of the cashless society… unless Bitcoin wins and gives people their monetary sovereignty back.

submitted by /u/flix2
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Bitcoin – The Currency of the Internet

Coinbase abandons Bitcoin principles, bans accounts it doesn’t like

Bitcoin is an open ecosystem, and open protocol, meant to free people and their money.

Coinbase, the largest Bitcoin exchange, just gave Bitcoin's openness a giant middle finger by banning Gab, the free speech social network, from their platform.

Bitcoin is supposed to be anti-censorship. But it can't be that if the on-ramps into Bitcoin are controlled by biased gatekeepers who ban people they don't like.

And worse yet, they're setting a precedent that other bitcoin businesses may follow. How long until you get banned?

If you agree this is a dangerous precedent to set, contact @coinbase on Twitter and let them know won't be using them unless they reinstate Gab's account.

Source:

https://gab.ai/a/posts/27539385

submitted by /u/Ginger322
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Bitcoin – The Currency of the Internet

Total banking outage at National Australia Bank (NAB) – no ATMs, online banking, nothing. NAB has closed accounts of Bitcoin related customers since 2014. Centralized banking doesn’t work, payback’s a bitch.

Total banking outage at National Australia Bank (NAB) - no ATMs, online banking, nothing. NAB has closed accounts of Bitcoin related customers since 2014. Centralized banking doesn’t work, payback’s a bitch. submitted by /u/junglehypothesis
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Bitcoin – The Currency of the Internet