3 min read

Insights Network, the blockchain based data exchange that allows users to create private surveys in return for monetary gains have published a new survey.

The topic covered the recent controversial Coinbase acquisition of Neutrino– the intelligent blockchain company which provides “solutions for monitoring, analyzing and tracking cryptocurrency flows across multiple blockchains, providing actionable insight on the whole cryptocurrency system.”

The takeover by Coinbase caused a massive issue within the cryptocurrency community- as following the purchase- news came to light of several members of Neutrino having being involved in Hacking Team.

Hacking Team was an Italian software surveillance vendor who was proved to have been selling spyware to authoritarian governments with questionable human rights records such as North Korea, Sudan, and Saudi Arabia.

Following the revelations, Coinbase did release the team members associated with Hacking Team, but by then the entire situation had caused massive embarrassment to Coinbase, with many being critical of the timing of the departures, especially considering the Hacking Team association reveal.

The situation resulted in users beginning the ‘#DeleteCoinbase‘ movement on social media, encouraging people to disable their Coinbase account.

The survey had almost 3,000 participants from over 102 countries.

Questions asked to the participants included:

Do you have an account on Coinbase?

Do you think Coinbase made the right move in purchasing Neutrino?

Was Coinbase right to remove the employees linked with authoritarian leaders?

Will you use Coinbase or Neutrino services in the future?

The results had some surprising conclusions. These included:

Almost 70% of the individuals surveyed engage with Coinbase in some way, which is a vast majority. Just under half, 54% have an active Coinbase account, while a further 19.82% have a Coinbase account, but don’t actively use it.

The majority of people also believed Coinbase was correct in their decision to remove the employees associated with the ‘Hacking Team,’ 38.79% doing so.

94% disagreed with the decision, as they only fired them once their association had become public. A further 17.44% believed it was the wrong decision, regardless.

A large percentage of survey respondents, 39.29% also believed Coinbase’s acquisition was a good move. In the long run, 27.96% thought it would be a beneficial purchase. Only a fraction, 7.33% disagreed with the buy.

Despite the fairly positive sentiment towards the Neutrino acquisition, the participants were split in their future use of Coinbase or Neutrino services, with 46.66% , saying they would use their services.

41% said no, while 33.93% were still undecided.

So while the community was generally supportive of the purchase and the release of the Hacking Team former members, their future use of Coinbase services remains cloudy.

Source