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Actually using crypto is ridiculously complicated compared to a SEPA transfer from your bank account or a shares trade in an app. People like the path of least
by WeylandYutani 4y ago
Actually using crypto is ridiculously complicated compared to a SEPA transfer from your bank account or a shares trade in an app.
People like the path of least resistance which is why everyone uses exchanges- it's easier than using your own cold wallet.
Exchanges for good or ill has made crypto accessible to the masses.
- Ekaros 4y agoIt is funny that solution to problems of crypto is exactly the thing they were invented to fight against.
- lupire 4y agoBecause crypto doesn't work yet (which is OK, it's new and experimental), but people want to pretend is does. Same as as these people people building allegedly quantum computers but where the real work is done by classical computers.
- Tesl 4y agoIt's not new it's nearly fifteen years old. Why are you still pretending it's new????
- irae 4y agoNope. Crypto does work. Day trading is a problem of the old system that requires the old system tech to work. Assets should be valued for their properties and for their scarcity (amongst other things), and not by trend waves amplified by day trade and/or even bigger waves of chained margin calls. There are some advantages of day trading, yes, but it is mostly noise and IMO it is very good that "real crypto" can't operate "fast enough" for those who practice it.