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It may not be that people are afraid of custodians, more so that they have just lost faith in traditional institutions (banks, fed, politicians etc) to such a d
by ayngg 5y ago
It may not be that people are afraid of custodians, more so that they have just lost faith in traditional institutions (banks, fed, politicians etc) to such a degree that has allowed things like cryptocurrencies and their transparent policy to be alluring. The success of cryptocurrencies is for the most part only possible because of the failures of these institutions.
- ashtonkem 5y ago> allowed things like cryptocurrencies and their transparent policy to be alluring Genuinely: lol, what? How many exchange exit scams have we seen over the past few years? The idea that crypto institutions are "transparent" and trustworthy makes absolutely no sense. If there's any institution that should have no public trust, it should be crypto exchanges. No, most people are buying crypto because number goes up. It's pure gambling, nothing else.