4 ms·

bitcoin has no banks, period.

• micromacrofoot 5y ago
  right, most people keep their crypto in exchanges which are definitely not just worse banks
  • ur-whale 5y ago
    > most people keep their crypto in exchanges Do they? What is your evidence for this? Also, if we assume they do, well ... their BTC is now potentially subject to seizure, hacking, fees, bankrupt exchanges ... well, their choice. Darwinism at work as far as I'm concerned. Not you keys, not your coins.
  • jonathan-adly 5y ago
    source: trust me bro! Bitcoin maxis literally go insane telling people to take their coins off exchanges. It's part of the dogma.
  • randomhodler84 5y ago
    Most people don’t. In fact there are only 1.3M BTC left in exchanges today out of 18.9M BTC that exist. There is about 250k BTC on ETH as WBTC, the largest secondary pool in escrow. Ren has about 18K BTC in escrow. Lightning network is about 3k BTC.
    • micromacrofoot 5y ago
      measuring all bitcoin in existence is a bit misleading because a significant 95% is locked up with 2% of accounts… which is the point of OP
  • maxwell86 5y ago
    My dog is closer to a bank than an exchange is.
    • micromacrofoot 5y ago
      your dog might also be more reliable