This is... remarkable. Many cryptocurrency advocates have promoted bitcoin by making exaggerated claims regarding fiat currency's centralized control and lack of privacy. Now bitcoin itself exhibits the very characteristics that were often claimed about fiat currency, except it's not an exaggeration.
But the hordes of clueless users who continue to flock to the platform are blissfully ignorant of that fact.
Worse, the fact that coinbase is behaving in a way that's completely violating the spirit of Bitcoin while profiting from it doesn't solve the problem that what they are doing is possible because of a severe limitation of the platform.
I am a big and very long time fan of Bitcoin, but the traceability / fungibility issue has bugged me from day one.
I really wish the dev. community would focus on introducing a fork with an technical solution to this problem instead of polishing the turd with minor stuff no one really cares about like taproot.
