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> Crypto firm Binance or exchanges are 'anti' crypto. Buying/Selling crypto defeats the purpose of crypto entirely, rather supports fiat(do the math please). E
by kang 3y ago
> Crypto firm
Binance or exchanges are 'anti' crypto. Buying/Selling crypto defeats the purpose of crypto entirely, rather supports fiat(do the math please). Exchanges must die before crypto even starts working.
- rglullis 3y agoAgree with the sentiment, but not the magnitude. We are still going to need on-ramps/off-ramps and it would be better if they were legal and regulated to be small. Exchanges are still going to be needed. "Retail banking" with managed wallets are still going to be needed. Only allow them to operate in one country, put a cap on the the maximum amount of funds/accounts they can have and get rid of any "investment" scheme. Essentially, something like the crypto version of credit co-ops.
- kang 3y agoWhy are exchanges/onoff-ramps needed?? Mining, swaping, burning, spending is enough. And where it's not, the use-case is not decentralized (has centralized governance or has known membership) & can be achieved more efficiently via fiat.
- rglullis 3y agoTell me with a straight face that you'd voluntarily buy something from China and send them crypto for payment.
- bruce511 3y agoHow can I buy bitcoin, to pay the ransomware if there's no on-ramp?
- kang 3y agoNice tongue-in-cheek joke. Don't. At a given time, you are to be crypto savvy & be protected in the first place or don't be crypto savvy & use the legal system with fiat for better efficiency & solution
- prmoustache 3y agoBy accepting bitcoins on your onlyfans page.
- foobarian 3y agoHonestly all I hope for is for people to stop thinking of crypto as stocks/investments but treat them as currency. Majority of the embarrassing press and downsides of crypto in the past decades have to do with the former.