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Because doing on-chain transactions with a known counterparty that gives you their wallet address is completely impractical for trading/speculation/gambling, be
by brazzy 4y ago
Because doing on-chain transactions with a known counterparty that gives you their wallet address is completely impractical for trading/speculation/gambling, because you'd lack a way to find the counterparty that's going to give you the best price, and you'd be paying on-chain transaction fees.
And trading/speculation/gambling is 99% of what people do with cryptocurrencies.
- IanCal 4y ago> , because you'd lack a way to find the counterparty that's going to give you the best price, This part can still be done on chain, "automated market maker" is the term to search for for more information about how this part of the problem is usually solved.