#DeleteCoinbaseTrustChain creator: “still too much ambiguity”

05 Mar, 2019
by Alberto Arnaldo
Opinion
#DeleteCoinbaseTrustChain creator: “still too much ambiguity”

The turmoil surrounding Coinbase’s acquisition of Hacking Team-staffed Neutrino seemed to enter a closing phase yesterday when the U.S.-headquartered exchange announced the “transition” out of the company of the employees who had been involved with the infamous spyware provider.

However, for some in the crypto space, the explanations provided by Coinbase to the public about the measures they will undertake to solve this issue are not enough. The exact scope of the measures is still unknown, as the way of putting it forward on a note authored by Brian Armstrong is rather unclear:

“We took some time to dig further into this over the past week, and together with the Neutrino team have come to an agreement: those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase.”

Udi Wertheimer, an Israel-based Bitcoin developer and consultant, has been a very active figure in the DeleteCoinbase movement over the last week, and sent out a thread a few hours ago reflecting on the conclusions announced by Armstrong. He also seems to believe that the terms of the apology offered by the company are rather ambiguous:

Indeed, the "transitioning out" expression does not seems to be the best choice of words for indicating an immediate, irrevocable termination in functions. Further, it does not convey nor guarantees a sense of certainty that the wrongful association will serve as a lesson for the future.

Wertheimer became one of the central figures of DeleteCoinbase after coming up with an idea to remove the “dust”, or amounts of crypto below transaction minimums, that is piled up into many Coinbase accounts and does not allows users to close them. Those in said situation can tweet their “dust” amounts with the hashtag #DeleteCoinbaseTrustChain, and then other users will come to pick up the small amounts of crypto.

Read more: Coinbase CEO: Ex-Hacking Team members "will transition out of Coinbase"Coinbase technology partner denies collecting, selling customer data

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