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That's the exact example why cryptos solved no problems at all. Centralized institutions are there for a reason, and obviously cryptos failed to recognize that.
by mrjin 4y ago
That's the exact example why cryptos solved no problems at all. Centralized institutions are there for a reason, and obviously cryptos failed to recognize that. And soon exchanges were created which are in the exact role of banks etc. they swore to remove but with almost no regulations. I would be surprised if no such things happen at all.
- zeroclip 4y agoDecentralized exchanges exist that process about the same volume as centralized exchanges, without centralizing trust to a single entity.