Coinbase is a representative of crypto as much as China is a representative of the USD.
It exists only to exchange crypto for fiat. That means it _must_ be subject to regulation. Only yourself to blame if you thought otherwise.
Inb4 anonymity in crypto: says who? Monero is an actually private chain, and as a result you can't trust the claims it makes. "Just believe us" nah, I won't.
Bitcoin, on the other hand, is a publicly auditable chain. It's not anonymous or private. You can tie identity to a wallet if you know how (nation states for example, or just knowing your friend's address).
It's really not that hard to wrap your head around, but if all you do is meme trade well then someone thanks you for their Lamborghini.
It exists only to exchange crypto for fiat. That means it _must_ be subject to regulation. Only yourself to blame if you thought otherwise.
Inb4 anonymity in crypto: says who? Monero is an actually private chain, and as a result you can't trust the claims it makes. "Just believe us" nah, I won't.
Bitcoin, on the other hand, is a publicly auditable chain. It's not anonymous or private. You can tie identity to a wallet if you know how (nation states for example, or just knowing your friend's address).
It's really not that hard to wrap your head around, but if all you do is meme trade well then someone thanks you for their Lamborghini.