4 ms·
indeed. the promised advantages include de-centralisation, on-chain, and no big financial institutions taking a cut or manipulating rates. yet to practically
by gghhzzgghhzz 5y ago
indeed. the promised advantages include de-centralisation, on-chain, and no big financial institutions taking a cut or manipulating rates.
yet to practically trade in it you are back to centralisation, off-chain, and the exchanges taking a cut and manipulating rates.
and if it made any sense to use it as an actual currency, e.g. to buy coffee, then you are back to centralisation, off-chain, and wallet providers taking a cut.