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They would ban exchanges from operating within the US, which would render Bitcoin useless for 99.99% of US users. I don't think they'll do this either, but they
by djohnston 6y ago
They would ban exchanges from operating within the US, which would render Bitcoin useless for 99.99% of US users. I don't think they'll do this either, but they don't have to do anything fancy to make Bitcoin worthless for the average citizen.
- marsrover 6y agoWhile being able to use exchanges in the US is helpful, it isn't necessary. It might curb short term adoption, but it doesn't stop the inevitable, which is crypto completely taking over the world. It's in the US's best interest to embrace it. Edit: the best downvotes are from people that missed out on the technological innovation of a lifetime.
- djohnston 6y agoI understand it isn't technically necessary but it really is if you're trying to include non-technical retail investors in the market.
- ajkdhcb2 6y agoPeer-to-peer exchange works perfectly fine. It is funny how it used to be the most common way to exchange crypto, but now people think you need these dangerous and inefficient centralised exchanges just because they became popular.
- randomopining 6y agoDo you have a logical use case scenario for p2p/otc if the gov bans exchanges? If there truly can be decentralized liquidity in one of these decentralized exchanges... then it’s def gonna stay alive
- marsrover 6y ago> If there truly can be decentralized liquidity in one of these decentralized exchanges... then it’s def gonna stay alive Then it's going to stay alive. Look at Uniswap, Sushiswap, 1inch.
- randomopining 6y agoI've used them. They work completely decentralized though?
- ajkdhcb2 6y agoDarknet markets
- djohnston 6y agoI don't disagree, I just think that your average retail investor will never touch a P2P exchange, just like your average retail investor will never own a crypto wallet outside of coinbase.
- deleted 6y ago[deleted]