2 ms·

Fiat exchange points are completely bannable and would make cryptocurrencies irrelevant.

• rglullis 4y ago
  No, it wouldn't. You'd be making exchanges irrelevant and you will be creating the opportunity for the growth of a parallel economy. I can even tell you exactly how it could be done. Take Hub20 [0]. Currently, it is meant to work as a "run-your-own crypto bank" and is only focused on ethereum networks, but it would be almost trivial to add support for banking networks like SEPA (EU) or Pix (Brazil). Given that it works with the assumption that users inside the same instance trust each other, I could setup an instance for myself and add accounts for people that I know personally. Someone in my network could have an account on another instance, and that would be enough to establish a mesh network of unlicensed exchanges. Now that I am thinking about it, you are almost making me wish that we would ban crypto exchanges. ;) [0]: https://hub20.io/about/ https://hub20.io/about/