4 ms·

It's trustless when it isn't centralized. Not sure what your point is if not don't trust centralized entities to handle your crypto?

• jqpabc123 4y ago
  Without centralization ... and "trust", there would be no "market". People bought BTC at $60k because they "trusted" the "market" to value the crypto. This "trust" model built around unregulated "exchanges" is clearly broken.
  • emptysongglass 4y ago
    People bought and sold crypto before centralized exchanges and custodial wallets. They will continue to do so.
    • jqpabc123 4y ago
      Sure they will. Try selling your BTC for more than what the unregulated exchanges says it's worth and let me know how it goes. Even if you don't use/trust exchanges, they still set the value of your crypto by sheer weight of their market presence and trading volume. Any way you slice it, you are at their mercy and trust.
  • deleted 4y ago
    [deleted]
  • eimrine 4y ago
    >People bought BTC at $60k Maybe they will sell it even higher.