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> transactions don’t even go on the blockchain What are you talking about? When you purchase coins on Coinbase, they go into a wallet that you can easily depo
by ravenstine 6y ago
> transactions don’t even go on the blockchain
What are you talking about? When you purchase coins on Coinbase, they go into a wallet that you can easily deposit to through another means or withdraw to another wallet. This is the same with Binance, Kraken, CashApp, and so on. Exceptions would be Paypal or Rob-in-'hood where they have total custody, which has advantages if the user doesn't care about actually owning the coins themselves.
Don't like the centralization of Coinbase? Then just don't use it. There's plenty of other options for purchasing bitcoins. Buying them P2P is easy as hell. Local Coin Swap and Local Bitcoins allow you to buy crypto directly from individuals with an escrow system.
By the way, not everyone is interested in the same advantages of Bitcoin. One of the reasons Bitcoin has been on he rise the last year is that it has far greater potential than a savings account to grow in value and, unlike gold or silver, doesn't take up physical space. Not everyone cares about decentralization or is averse to risk.
- paulryanrogers 6y ago> One of the reasons Bitcoin has been on he rise the last year is that it has far greater potential than a savings account to grow in value and, unlike gold or silver, doesn't take up physical space. Its potential may be offset by its environmental impact and lack of any fundamental value.
- ravenstine 6y agoI'm not here to debate that, but my point is that not everyone is obsessed with decentraliztion... they just want their money to grow fast, just as most people don't buy stocks with the primary intention to own a piece of a business; they buy stocks because they want to make money.