Image source: Flickr – Charlie Cowins : https://www.flickr.com/photos/charliecowins/1483110647
A Coinbase user has bitterly claimed that exchanges do not “act in the spirit of Bitcoin” and have “turned Bitcoin into something worse than fiat currency”, after being locked out of his account with the popular US cryptocurrency exchange. The user has recounted a torrid experience without access to funds, including a period of homelessness.
“Bitcoin is supposed to be better than fiat currency since it gives control of money back to the people through cryptographic decentralization… but exchanges have ruined that,” said the user.
To read more: https://bitcoinnews.com/ex-coinbase-user-claims-account-lock-caused-homelessness-swears-off-exchanges/