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Patriot
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Red blooded American in a woke blue state. Liberty. Critical thinking and personal responsibility. No excuses, just behavior. Truth is kindness
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bobaib 0 months ago
#coffeechain GA, Thank you, may I have another? image
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bobaib 1 month ago
#coffeechain GM, Happy St. Patrick's Day!
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bobaib 1 month ago
#coffeechain GM, It's 5AM somewhere. Think I need a double double. image
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bobaib 1 month ago
#proofofsteps #runstr #dogstr Course crystalline snow bursts through the valley as we begin our regular run, by the brook and up the hill. It gets our blood going.
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bobaib 1 month ago
#Rubio New leader of Cuba image
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bobaib 1 month ago
#coffeechain #Uconn GM, Misplaced my red cup. Go Uconn! image
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bobaib 1 month ago
#btc #nostr #grownostr Ok, gonna throw a grenade in the room. Discuss image
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bobaib 1 month ago
#coffeechain #nostr #grownostr The tempature reached 70 in the past couple days. Don't let that fool you. Winter still has plenty of punch.
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bobaib 1 month ago
#coffeechain Sometimes I need to both machines to keep going. image
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bobaib 1 month ago
#coffeechain GM Dogs got me up earlier than normal. image
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bobaib 1 month ago
#coffeechain, GM, sun and 60's today. The snow will melt faster in the sun. Freezing nights and warm days make the maple run. The sugar houses started boiling and will continue through April. image
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bobaib 1 month ago
#dogstr #troutstr GM, trout season is a month away. I expect most of the snow and ice to be cleared by then. Yukon prefers it this way. image
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bobaib 1 month ago
#nostr #grownostr #tldr #notyourkeysnotyourcoins I asked ChatGPT to show me the terms and conditions where coinbase can force forfeiture of #btc I reviewed the current Coinbase U.S. User Agreement (last updated Jan 27 2026) and related legal explanations. Here is the precise answer to your question: ➡️ Coinbase does NOT include a clause saying they can simply “take ownership” of your Bitcoin. However, the agreement does give them broad powers that can effectively prevent you from accessing or moving your Bitcoin, and in certain cases funds could end up forfeited through legal processes. Below are the actual mechanisms in the agreement where this can happen. 1. Coinbase can freeze or restrict your Bitcoin at its discretion The agreement states they may refuse, suspend, or terminate accounts and transactions: “We may, in our sole discretion, refuse to open a Coinbase Account, suspend or terminate any Coinbase Account, suspend or terminate the sending of Digital Assets from your account…” � Coinbase What this means: They can freeze your account. They can block withdrawals. They can prevent sending your Bitcoin off the platform. This does not automatically transfer ownership, but it can lock your assets indefinitely. 2. They can freeze assets during compliance investigations Coinbase requires identity verification and anti-money-laundering compliance: They can request personal information at any time. They can investigate fraud, sanctions violations, or financial crimes. � Coinbase If they suspect: sanctions violations money laundering fraud illegal activity they can freeze access during investigation, sometimes with no stated time limit. � Terms.Law 3. They must comply with government seizure or legal orders Coinbase explicitly reserves the right to disclose information or act on legal orders: subpoenas court orders regulatory requests law-enforcement investigations � Coinbase In these cases: government agencies can seize or confiscate crypto Coinbase must comply. That is the main real-world mechanism where you could “forfeit” Bitcoin. 4. They can terminate your account for almost any reason The agreement allows them to terminate access: “for any reason” at their discretion in some jurisdictions or security contexts. � Coinbase After termination: you are usually allowed to withdraw funds during a limited window (often ~90 days unless prohibited by law). � Coinbase But if withdrawals are legally restricted (e.g., investigation), they may remain frozen. 5. Arbitration clause limits your ability to challenge them The contract requires binding arbitration and waives class-action lawsuits. � Stoltmann Law Effectively this means: disputes happen privately you cannot easily join lawsuits with other users This reduces leverage if funds are frozen. Important distinction: custody vs ownership Even though the Bitcoin is yours economically: Coinbase holds the private keys for hosted wallets This means they control technical access. The crypto industry summarizes this with the phrase: “Not your keys, not your coins.” If Bitcoin is stored on Coinbase, you rely on their custody system to access it. Situations where you could actually lose the Bitcoin Your Bitcoin could realistically be lost or forfeited if: Government seizure (criminal investigation, sanctions) Fraud investigation where funds are confiscated Court judgments or restitution orders Exchange insolvency (rare but possible) Account permanently locked due to compliance violations What the agreement does NOT say There is no clause stating Coinbase can simply confiscate your Bitcoin for profit or arbitrarily take ownership. Their authority is mostly limited to: freezing restricting complying with law enforcement closing accounts. ✅ Summary Coinbase’s terms allow them to: freeze your Bitcoin block withdrawals close your account comply with legal seizure orders But the agreement does not give Coinbase a direct contractual right to take your Bitcoin as their property. ✅ If you want, I can also show you 3 specific clauses in the agreement that Bitcoin self-custody advocates point to as the biggest risk (they’re the reason many people move coins off exchanges).
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bobaib 1 month ago
#coffeechain GM, March is in like Lion, but it won't last long. The sun will have it's way. We had an ice storm on Tuesday and maybe more tonight, but in between, yesterday it was sunny and in the 60s. The lion was sleeping. image
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bobaib 1 month ago
#coffeechain GM, We got a bit of an Ice storm last night. I had a work dinner on the other side of the state. I had to drive through Hartford to get home. The highway planners in the 1960's decided to put I84 smack dab in the middle of the city. To do this they elevated the highway on bridge that spans a good part of the city. Well bridges freeze first in an ice event. Some joker decided to speed through the windy elevated span. It didn't end well. I was stuck for about half an hour waiting for the state cops and EMS to clear the scene. Hartford cops won't respond because it is interstate. Finally with bad wipers and all, but we were blessed sparkling crystal trees this morning. Photo doesn't do it justice. This will all melt in a couple hours. image
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bobaib 1 month ago
#coffeechain #dogstr GM, It's a dog's life. Wake up, go out for a morning constitutional, eat breakfast and go back to sleep. image
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bobaib 1 month ago
#chickenstr #eggstr My chickens started producing again at the beginning of the month. Now production is ramping up. This always happens before I finish the last gallon waterglass eggs. They will get a bunch of scrambled eggs over the next week and we will consume the fresh eggs. image image
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bobaib 1 month ago
My daughter found this opossum in her Tennessee #homestead. It dug a hole under the chicken coop and waited for the robot door to open. It got into a fight with the rooster. Sadly the rooster is no more, but he did his job, protected the hens and alerted my son-in-law. image