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Crypto is a pump and dump ponzi scheme, who would've thunk.
by esalman 4y ago
Crypto is a pump and dump ponzi scheme, who would've thunk.
- yieldcrv 4y agocrypto exchanges that work correctly can handle simple withdrawals. people are simply heeding the advice of "not your keys, not your coins" and withdrawing. properly functioning exchanges can handle that, improperly run exchanges halt withdrawals and make excuses. that isn't happening here after $12B "bleeding" out, aka withdrawn as intended?
- esalman 4y agoIs there a crypto exchange that do this correctly? Isn't the idea of an ideal exchange go against the philosophy of decentralization? If exchanges are not regulated, what incentive do they have to handle assets correctly anyways? And finally, if regulation is inevitable, why not just go with the traditional financial system for better safety and security?