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

“What Roger doesn’t get. If he wanted to create a big-block alt-coin then, in general, no one from the bitcoin community would care. Or, we would care the same as we do about the hundreds of other alt-coins with different experimental features; not much. The issue is the fraud.”

"What Roger doesn't get. If he wanted to create a big-block alt-coin then, in general, no one from the bitcoin community would care. Or, we would care the same as we do about the hundreds of other alt-coins with different experimental features; not much. The issue is the fraud." submitted by /u/bitme123
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Bitcoin – The Currency of the Internet

No, Visa Doesn’t Handle 24,000 TPS and Neither Does Your Pet Blockchain (news.bitcoin.com)

When it comes to measuring the speed of new blockchains, the comparison is always with Visa. Despite not being a blockchain, the 24,000 transactions per second Visa reportedly handles have attained mythical status. That figure is unquestioningly trotted out whenever scaling is discussed. In reality, claims of Visa’s throughput, as well as those of emerging blockchains, have been greatly exaggerated.
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Bitcoin

The Results Are In: Dragonmint T1 Doesn’t Make the S9 Obsolete (news.bitcoin.com)

There’s been a lot of skepticism aimed at the company Halong Mining and its machine the Dragonmint T1. The firm announced in November of 2017 that it would be distributing its Dragonmint devices in 2018 and stated its miners would be the most efficient machines on the market. So far, after all the controversy, some Dragonmint miners have been delivered and reviews show the machines do produce close to 16 terrahash per second during operation  but the rigs are not even close…

Bitcoin