Bitcoin Jesus: Dont Delete Coinbase, No Other Firm Does More for Crypto

Roger Ver is among the most polarizing characters in the crypto industry. He often goes against the grain, even if it earns him notoriety. Such is the case with recent comments made by Ver, defending San Francisco-based Coinbase in the face of the ongoing #DeleteCoinbase boycott.

Few people have done more to further the adoption of Bitcoin and cryptocurrencies than Ver, so while his defense of Coinbase carries much weight, hes been wrong in the past in his support of cryptocurrency exchanges and its cost crypto investors dearly.


Roger Ver: Coinbase Pushes Crypto Adoption, Dont Support #DeleteCoinbase

This past week, a scandal at Coinbase over the recent acquisition of Neutrino has led to an angry mob situation in the cryptocurrency world. As part of the acquisition, Coinbase absorbed employees from Neutrino that were tied to a controversial software company called Hacking Team, that was responsible for providing governments, law enforcement agencies, and dictator regimes with tools to surveil individuals.

The Hacking Teams work goes against much of the values cryptocurrencies were built upon, such as privacy, and removing the control governments have over individuals, which called Coinbases integrity and commitment to the space into question. The communitys distaste and unrest quickly turned into taking action, launching a ferocious social media campaign dubbed #DeleteCoinbase, where crypto investors are encouraged to ditch Coinbase for other alternatives across the market.

Related Reading | Why Did Major Crypto Exchange Coinbase Suddenly Add XRP?

However, Bitcoin.com CEO Roger Ver has come to the defense of Coinbase, suggesting that few other companies can claim to have done as much to push crypto adoption forward as the San Francisco-based crypto giant.

Ver, as an investor, has done more to promote cryptocurrency adoption than any other individual. Its earned himself the nickname Bitcoin Jesus due to his early evangelism in the space. His defense of Coinbase is likely to hold a lot of weight, however, Ver has been wrong about defending crypto exchanges in the past.


Roger Ver Famously Claimed Mt. Gox Was Solvent, Is His Defense of Coinbase an Omen?

While Vers support of Coinbase makes sense, his defense of a now infamous cryptocurrency exchange caused a lot of investors much loss and grief.

Ver is quoted as claiming the now defunct crypto exchange Mt. Gox, which was among the first exchanges to bring Bitcoin to the masses, was solvent prior to the exchanges eventual collapse only months after the comments were made.

Related Reading | Roger Vers Bitcoin.com is Reportedly Under Government-Sponsored Attack

Months before it was revealed that Mt. Gox had lost 850,000 BTC of its customers funds, Ver filmed a video defending the exchange. Ultimately, Mt. Gox went bankrupt and the case has since moved to civil rehabilitation in hopes of returning some of the lost funds to early Bitcoin investors.

Ver and his high school friend Jesse Powell, who is also co-founder of crypto exchange Kraken, had gotten involved with Mt. Gox in 2011 during the Bitcoin bear market. Calling Vers defense of Coinbase further into question, is his long-time friends negative comments about Coinbase.


While Powell and Kraken are in direct competition with Coinbase, and are likely using the moment of weakness to capitalize, theres no denying that theres validity in Coinbase appearing to be actively destroying the brand equity theyve worked so hard to build.


Featured Image from Shutterstock

The post Bitcoin Jesus: Dont Delete Coinbase, No Other Firm Does More for Crypto appeared first on NewsBTC.

10.03.2019 / 04:40 83 1
Former Hacking Team Members Will Transition Out of Coinbase Former Hacking Team Members Will
In an attempt to rectify the ongoing public relations nightmare for Coinbase, CEO Brian Armstrong has stated that former members of Hacking Team will
CoinBase Executive: We Have Neutrino Because Providers Were Selling Client Data CoinBase Executive: We Have Neutrino
Which site you visit, what you purchase and which currencies you use is private data. They are unprocessed raw data that should not be shared with
#DeleteCoinbase Hits a Snag Due to Crypto Dust in User Accounts #DeleteCoinbase Hits a Snag Due to
The Coinbase acquisition of Neutrino a few days ago raised a bunch of red flags in the crypto trading community. Initially many wondered why the
Coinbase Preventing Account Closures as #DeleteCoinbase Movement Spreads Coinbase Preventing Account Closures as
Multiple users are reporting on social media that they are currently unable to delete their Coinbase accounts. This news comes as some cryptocurrency
Report Links Members of CoinBases Latest Acquisition, Neutrino, with the Hacking Team Report Links Members of CoinBases
The first thing you will notice when you visit Neutrinos homepage is this pop-up, a notification that the blockchain analytic firm has been acquired
Coinbase Acquires Neutrino, a Blockchain Intelligence Platform Coinbase Acquires Neutrino, a
A few moments ago, the team at Coinbase informed the crypto and investor communities of their new acquisition of Neutrino, a blockchain intelligence
Comments (1)
Add a comment
Comment on
abram
#1 abram 6 June 2019 05:50
Hiring a hacker was never this easy and secure before, Finding a trustworthy professional hacker for hire should be a worry free and painless experience. Hackers: Out of the Shadows, Hire them for your dirty work and pay them with bitcoins or perfect money. i recommend [email protected] today, they are 100% reliable or you connect with them through WHATSAPP- +79037124262