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It's not a fallacy because there is meaningful distinction. Centralized finance is subject to the whim of creditors and custodians. Decentralized finance math

It's not a fallacy because there is meaningful distinction. Centralized finance is subject to the whim of creditors and custodians. Decentralized finance mathematically prevents theft within the system.

freejazz 4y ago
I'm not saying CEX and DEX are the same. You are saying only one of them is crypto. That's obviously not true.
- siftrics 4y ago
  Okay we can use whatever language you wanna use, buddy. The point is, if you self-custody your funds, no one can take them from you except by threatening you. Everyone had their funds taken from them because they did NOT self-custody. Everyone could have gotten all the utility of FTX (trading spot and derivatives) via a self-custody solution (a DEX). Stop blaming self-custody solutions and stop trying to make self-custody solutions illegal. They literally mathematically prevent this type of theft and fraud.
  - freejazz 4y ago
    You really got me. I invented the word crypto and I'm the one trying to make those solutions illegal. Also, I'm Satoshi!!
    - siftrics 4y ago
      You just don't seem to understand what it means to self-custody.
      - freejazz 4y ago
        Sure thing, individual that is insisting that crypto-exchange FTX and crypto-hedge fund Alameda are not part of crypto. Sure thing.