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> This isn't crypto. You didn't own any crypto. Some company owned your crypto. The whole point of crypto is that you can own it (ie you and only you have your

> This isn't crypto. You didn't own any crypto. Some company owned your crypto. The whole point of crypto is that you can own it (ie you and only you have your keys). > We hear stories here every now and then about how their bank/paypal/etc froze their money and they are fucked. Crypto allows you to actually own your stuff. With fiat unless you hold cash, you can't do that. Crypto is about being trustless. It's funny how you write "with fiat it unless you hold cash, you can't do that". So what you mean is really with fiat you can do it just as well? The reason why people don't want to hold large amount of cash is convenience, the possibility of it getting stolen, lost... Interestingly many of the same reasons why people don't want to hold crypto themselves either.

Out_of_Characte 4y ago
You can't sell things on a website if paypal blocks you. Money does not work here, crypto does. also, how do you convert your blocked paypal account into cash? cash and online banking are two different things.
- cycomanic 4y ago
  Where did we talk about selling online? Also you can sell online using cash, i.e. one person sends cash the other sends the goods (Mullvad for example sells the VPN services with cash). True most online places don't accept cash, but most also don't accept crypto either, and lets not even talk about physical places.
  - Out_of_Characte 4y ago
    The Irony is that the owners of celsius were holding crypto's they controlled, They sold the crypto and the fiat currency their users held are now unable to be returned to them. This is why the ability to exchange any given asset(selling) is far more important. Yes, they could have held fiat currency in cash in their couch but buying crypto is far better than that because you own the asset, you dont have to mail anyone money and fear law enforcement from asking questions (very possible if you attempt to buy anything expensive in cash, especially by mail) and crypto is safe even if your house burns down and your deposit box gets stolen. But people buying into celsius decided to give them all the advantage of the cryptocurrency protocol and all the risks with lending someone else money. I'm not even endorsing crypto, Just pointing out how much people misunderstood what the point of crypto even is. No company should receive money for holding your keys unless its dropbox

Out_of_Characte 4y ago

You can't sell things on a website if paypal blocks you. Money does not work here, crypto does. also, how do you convert your blocked paypal account into cash? cash and online banking are two different things.

cycomanic 4y ago
Where did we talk about selling online? Also you can sell online using cash, i.e. one person sends cash the other sends the goods (Mullvad for example sells the VPN services with cash). True most online places don't accept cash, but most also don't accept crypto either, and lets not even talk about physical places.
- Out_of_Characte 4y ago
  The Irony is that the owners of celsius were holding crypto's they controlled, They sold the crypto and the fiat currency their users held are now unable to be returned to them. This is why the ability to exchange any given asset(selling) is far more important. Yes, they could have held fiat currency in cash in their couch but buying crypto is far better than that because you own the asset, you dont have to mail anyone money and fear law enforcement from asking questions (very possible if you attempt to buy anything expensive in cash, especially by mail) and crypto is safe even if your house burns down and your deposit box gets stolen. But people buying into celsius decided to give them all the advantage of the cryptocurrency protocol and all the risks with lending someone else money. I'm not even endorsing crypto, Just pointing out how much people misunderstood what the point of crypto even is. No company should receive money for holding your keys unless its dropbox