Notorious Spyware Creator Joining Forces With Coinbase Spells Doom For Your Privacy
Matthew Proffitt's original article for www.ccn.com reduced by 40%
Ranging from the mental health impacts of not having privacy to determining what is "Wrong" or who decides what is "Wrong", arguments have no bounds on the topic, hence a base-level provision for personal privacy. In acquiring Neutrino, Coinbase is gearing up to strip away privacy from their users, regardless of their intention of use: The people behind Neutrino previously founded one of the world's first company's to sell off-the-shelf hacking software to governmental security organizations. To comply with regional KYC/AML requirements, Coinbase went through with the Neutrino acquisition for analyzing blockchain transactions.
Coinbase acquired Neutrino, built for governments to track/deanonimize bitcoiners. What else can Neutrino do? Why would Coinbase risk their reputation to acquire Neutrino? Knowing that Neutrino co-founders have a checkered past, Coinbase has already seen the effects of regulatory scrutiny, and Neutrino will retain their status as a mostly independent business, Why would Coinbase buy them? They stand poised to add to the scrutiny they will attract and risk betraying their customers-having the capability to reach into private transactions, regardless of transactional intent is what Coinbase may well have purchased. Privacy could likely be majoritively bred out of humans as a species, but should it? Even in Orwellian scenarios, citizens still retain minimal amounts of privacy.
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CN [too long; didn’t read]
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