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An exchange can do exactly that, just like PayPal. Or simply disappear, for that matter. So you either buy that drawback and have the same system in a different
by Sebb767 5y ago
An exchange can do exactly that, just like PayPal. Or simply disappear, for that matter. So you either buy that drawback and have the same system in a different skin, or you go for the self-hosting way and eat all the problems it brings (especially for non-technical people).
And the hard forks did happen. And they definitely undermined the whole model of what the coins actually should do.
The positive point, though, is that with crypto, the self-hosted side and the managed side can work together seamlessly, so everyone can choose their approach.