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In an hypothetical world where Bitcoin is adopted and used by all, this would probably be the case. In reality, most people are in Bitcoin to make more FIAT cur
by lgl 6y ago
In an hypothetical world where Bitcoin is adopted and used by all, this would probably be the case. In reality, most people are in Bitcoin to make more FIAT currency, waiting for that big bullrun in order to cashout at some multiple of what they bought. In that case, instead of banks you have crypto exchanges, which are pretty much just as bad or worse as banks imho.
- framecowbird 6y agoThis is interesting. I always thought crypto exchange <==> bitcoin, and so you still have these centralized actors in the system and it isn't any better than regular banks. But you're saying that if the whole world was using Bitcoin you wouldn't need crypo exchanges and everything would be decentralised, right?
- lgl 6y agoYes, pretty much. Exchanges are needed now to buy or sell Bitcoin with regular money. If everything was Bitcoin there would be no such need. It will never happen though imho.