Black Swan Author and Bitcoin Supporter Nassim Nicholas Taleb Closes his Coinbase Account

After Only Being Signed Up For A 'Few' Months; Switching to Another Provider After Lack of Customer Support

  • Coinbase users are getting fed up with it and the exchange continues to irk its users by refusing to do better.
  • The US-based cryptocurrency exchange already has been struggling with connective tissues during a period of volatility in the bitcoin market.

In 2020, so far, Coinbase has gone offline several times, the most recent one was the first day of June.

“It's 2020 and coinbase still goes offline with a 5% Bitcoin move. Meanwhile, they're the ones holding almost 1 million BTC,” said WhalePanda.

Besides these network issues, Coinbase isn’t helping out its customers either.

Coinbase users calling out the company's lack of support isn’t anything new but this time, it ended up costing them big.

Nassim Nicholas Taleb, the author of 2007’s “The Black Swan: The Impact of the Highly Improbable” and “Fooled By Randomness” took to Twitter on June 5 to share his displeasure with the exchange.

“@Coinbase What is going on with you? Why don't you respond to errors?,” called out Taleb adding “Even their account closing page is messed up. Does not respond.”

This initiated a response from the exchange that apologized for the delay and said they’ll be following up “shortly” to his support case.

Coinbase was quick to respond but it was already too late for Talib who replied with, “Too late. Closing account.”

In a separate tweet, Taleb shared that he has been a Coinbase customer for a few months now.

With Coinbase out, other cryptocurrency exchanges took this opportunity to shill their exchanges with Kraken co-founder and CEO Jesse Powell asking Taleb to check out Kraken and “contact me directly if you have any problems.”

Taleb might have quit Coinbase but he isn’t quitting crypto and has been a staunch supporter of them for some time now.

Recently, he advised to “use cryptocurrencies,” after a user posted that the central bank of Lebanon is confiscating all the foreign currency remittances and forcing the money counters to pay their value in their local currency Lira.

Back in 2018, he had said “bitcoin is an excellent idea,” because “it fulfills the needs of the complex system,” and has no owner and no authority and even has a huge advantage over gold in transactions.

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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