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I wonder what percentage of people only hold Bitcoin through an exchange. Bitcoin seems to have proven that people want intermediaries.
by leereeves 9y ago
I wonder what percentage of people only hold Bitcoin through an exchange. Bitcoin seems to have proven that people want intermediaries.
- michaelbuckbee 9y agoAnother way to thinking about this is that the intermediaries exist for an economically efficient reason and aren't just a "tax" on transactions to be routed around. In traditional institutions these are things like fraud prevention / detection, convenience in matching both sides of a transaction, etc.