> Self-hosting wallets are impractical so while GLO can be self-hosted we should expect the vast majority of wallets to be hosted by exchanges. this has always

> Self-hosting wallets are impractical so while GLO can be self-hosted we should expect the vast majority of wallets to be hosted by exchanges. this has always been the endgame btw. Replace the banks with worse-banks (exchanges) that don't even pretend to be fair to their customers and screw them over in every possible way. The coin itself is nothing novel. Money printing to do UBI. Stablecoin with questionable reserves (a la Tether). Exchanges do the KYC (because the global poor all have a Binance account). It's actually much worse than Worldcoin in terms of privacy. It is also unclear what prevents the exchanges from simply inventing a lot of people.