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The Bitcoin protocol and network continues to operate exactly as expected. Here, people trusted a "bank" (an exchange acting like a bank), and got burned when t
by scottiebarnes 4y ago
The Bitcoin protocol and network continues to operate exactly as expected. Here, people trusted a "bank" (an exchange acting like a bank), and got burned when the bank gambled and lost.
- sytelus 4y agoWithout exchanges like FTX or Coinbase, how should general public acquire crypto?
- rahen 4y agoBisq, of course. https://bisq.network https://bisq.network With a bit more manpower, they could make the UI more usable to the general public. I wish there was an iOS/Android version too.
- scottiebarnes 4y agoUse an exchange that publishes proof of reserves, and take custody of your crypto immediately.
- taormina 4y agoWhat was the point of decentralizing then?
- chromatin 4y agoCrypto? Who knows (or cares), but Bitcoin on the other hand has a robust P2P marketplace: Bisq https://bisq.network/ https://bisq.network/ Hodl Hodl https://hodlhodl.com/ https://hodlhodl.com/ Robosats https://learn.robosats.com/ https://learn.robosats.com/
- netheril96 4y agoIn a practical note, you can just use FTX and Binance to convert between USD and BTC. Withdraw them as soon as possible so your funds safe (as long as the BTC network)
- eddsh1994 4y agoThere’s a big peer to peer market, fwiw
- _jal 4y ago> continues to operate exactly as expected Yep: as a set of primitives on which to build sorting mechanisms for fools and money.
- scottiebarnes 4y agoTell me more about the rock solidness of the housing market, or government bonds.
- _jal 4y ago"The lack of mathematically perfect guarantees in this life means nothing means anything."