The Coinbase controversy has been in the headlines for several weeks now, with many proponents voicing their concern following Coinbase’s acquisition of Neutrino. CCO of Bitrefill, John Carvalho, was one of them after he continued attacking the cryptocurrency exchange and its CEO, Brian Armstrong.
Carvalho, better known within the community as BitcoinErrorLog, asked users to delete Coinbase, while calling for the removal of Armstrong.
“Keep deleting @Coinbase. We learned a long time ago that Brian’s words, like his ethics, are bullshit. #firebrian #deletecoinbase”
The Twitter cryptocurrency community blew up following the news, with the hashtags #DeleteCoinbase and #FireBrian trending after Carvalho led the attack. The reaction was attributed to Neutrino’s involvement with Hacking Team, well known within the crypto-space for their association with questionable governments and multinational companies.
Brian Armstrong responded to the enraged cryptocurrency community via a blog post where he revealed that the Neutrino staff that previously worked for the infamous Hacking Team would be let go by Coinbase.
His statement read,
“We took some time to dig further into this over the past week, and together with the Neutrino team have come to an agreement: those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase.”
“You’re going to have to explain how Coinbase’s hot pursuit of blockchain analysis at all costs is somehow in the interest of protecting civil liberties. Coinbase is not an extension of the government, is it? Coinbase is not part of investigative law enforcement, is it? Get real.”
However, Coinbase’s response wasn’t enough to mollify the Twitter universe.
“But you’re selling our rights away by giving away out information. This is beyond low, coinbase their standard is deception and manipulation because they believe you don’t deserve to know.”
“Sorry, we don’t believe you. The same way FB “doesn’t sell any data,” and “our data and privacy is important.” I’ve been with Coinbase for a long time, and happy to cut ties. Just deleted my account. As the market expands, those who value privacy will have a loyal consumer base.”
NYC Blockchain & Crypto tweeted,
“Good move to rectify the situation. Please remember the rights of the individual and protection of civil liberties as the company continues to exponentially grow.”
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