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Bitcoin ledgers are public so your data is still out there. Plus crypto currencies are subject practically zero oversight and accountability so the situation i
by hnlmorg 4y ago
Bitcoin ledgers are public so your data is still out there.
Plus crypto currencies are subject practically zero oversight and accountability so the situation is even worse there. Hence why you hear about so many exchanges going bang.
The problems cryptocurrencies attempt to solve are different from the arguments you’re favouring them for.
- deweller 4y agoCryptocurrency exchanges are not the same thing as cryptocurrencies. And not all exchanges are created equal. Yes it is the wild west out there and consumers have gotten hurt. It is unfortunate. But crypto does serve a real and needed function of decentralized digital cash. I'm optimistic we'll have good regulated exchanges someday.
- hnlmorg 4y agoPayPal isn’t the same thing as fiat currencies either — it’s more analogous to an exchange. And since we are already talking about PayPal and crypto currencies, crypto exchanges should be in the scope of the conversation as well