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No, I mean that bitcoin as a whole would be back to 2010 values should these exchanges not exist. The only reason bitcoin has value is that leeches decided to s
by ohgodplsno 6y ago
No, I mean that bitcoin as a whole would be back to 2010 values should these exchanges not exist. The only reason bitcoin has value is that leeches decided to speculate on it, and leeches need a centralized exchange.
Centralized exchanges are the reason you don't pay 10000 bitcoin for a pizza. They're the reason why it's even accepter, because there's at least one large place that will exchange your coins for cash.
- kerng 6y agoCalling Bitcoin owners leeches seems a bit of a stretch. In my opinion there is little to absolutely no reason to ever change Bitcoin back to cash. Maybe take a loan against or rent it out to others for cash interest, if you really want cash.