Coinbase providing geo-tracking data to ICE
So apparently Coinbase is selling a suite of features to ICE, allowing them to track transactions made with Bitcoin, Ether, and a number of other cryptocurrencies.
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Coinbase claims they don't use customer data, but they can provide geo-tracking data? The concerning thing here is where the data is coming from.
I'm wondering about that too. I think they've basically said that they're only providing data that's already publicly available and non-idenitifiable to ICE. But if it's publicly available and non-identifiable surely ICE could access it themselves fairly easily.
This is messed up. ICE shouldn't have that kind of power.
Totally removes one of the pros of crypto too, making crypto even more pointless.
This is one of crypto's biggest downfalls. It feels like decentralized services will always basically end up as siloed centralized services - and with that, the selling of data is almost bound to happen, as shitty as that sounds.
I don't see a problem with this. ICE is important — we need people overseeing immigration and customs. I get that they've done some really messed up things lately... but do we really want them to not be able to track drug transactions and the like?
This comment was deleted 3 months ago.