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I think ignoring tropes has contributed to this contagion.

• freejazz 4y ago
  Why? It has nothign to do with why people put their coins on exchanges. They wanted more money. This trope is so stupid and even runs against the reality of the law. If they aren't your coins, then SBF didn't steal them.
  • gnarbarian 4y ago
    a major tenet of cryptocurrencies is decentralization and controlling your own ability to transact. using centralized exchanges is antithetical to this maxim because it gives these organizations power over you.
    • freejazz 4y ago
      Right, but these users didn't care about that. They invested in crypto because they thought there was a profit in it, which is why they used the centralized exchanges and sought the returns those exchanges provided. Your point about decentralization, while true, is completely besides the issue. And like I pointed out, the maxim doesn't even make sense with regards to how law treats the property so I continue to wonder what people think they contribute by referring to it.
      • gnarbarian 4y ago
        The law did not stop these people from losing their investments, they will likely never receive compensation. maybe now those same people will appreciate the concept of controlling your own keys.
        • freejazz 4y ago
          You are basing that off of what, exactly? Nothing... They do have recourse under the law, unlike in crypto. And if you hadn't noticed, they kept it on an exchange so they could get interest off of the coins, so what difference would it make to them to store them locally? They aren't trying to hold crypto, they are trying to seek an immediate return.