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Coinbase blocks 25,000 crypto wallets linked to Russia users (bloombergquint.com)
42 points by geox on March 7, 2022 | hide | past | favorite | 7 comments



It is pretty telling of the ecosystem when the major ways to get in rely on centralized actors that can and will lock you out when pressured.

Sure, "not your keys, not your coins", but what good is that when centralization is the reality of how most people interact with the technology.


How most people interact with the technology today, yes. The technology is still very early, lots of startups working on making self-custody easy and safe enough for regular people.


Wasn't the point of bitcoin, that you can't be locked out of it?


You cant be locked out of Bitcoin, but you can be locked out of centralized services and companies.

This is similar to the many news stories that leave readers believing Bitcoin has been hacked, when in reality a centralized company custodying Bitcoin was hacked.

It's just a misunderstanding.


oh, time to get my coins out then, I guess. don't wanna get accidentally marked by some clever script


I guess specie in a home vault — or buried in an undisclosed location — is the only safe haven.


So no accounts locked then? Just can't send out directly to these addresses?




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