Your either/or is a false choice, though.


On Tue, Jul 15, 2014 at 6:13 PM, Justus Ranvier <justusranvier@???>
wrote:

> On 07/15/2014 07:29 PM, Josh Walker wrote:
> > This is, of course, a deliberate design choice by Coinbase and not a
> > consequence of any technical limitation in Bitcoin at present. I have
> > spoken at length on my feelings about Coinbase balkanizing the space to
> > discourage external transactions. (And all their other shenanigans and
> > general lack of transparency or consideration for a UX that is good for
> > Bitcoin.)
>
> This is bad, but what's worse is creating a huge pile of customer
> deposits which can be lost or confiscated.
>
> The more successful Coinbase becomes, the more attractive of a target
> they become for a hack or bail-in.
>
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