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I don't care one bit for Coinbase or others like Kraken that have to comply with KYC laws. The popularity of these platforms has reduced crypto to just another
by _8j50 4y ago
I don't care one bit for Coinbase or others like Kraken that have to comply with KYC laws. The popularity of these platforms has reduced crypto to just another thing to gamble on. Derivatives and Forex exist already for that.
Even sites that let you trade with cash and giftcards now require multiple levels of ID verification. There are some chinese companies that are not like this though. It's not so much about anonymity but reliance on government structured order and control in order to engage in commerce effectively making crypto a central bank dollar except no deposit insurance and betting on its value is much more volatile and risky.
- digianarchist 4y agoAre you saying that unregulated exchanges wouldn't be largely populated by speculators?