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> May the entire of crypto be brought down with it Pretty hard to get rid of decentralized systems.

colesantiago 3y ago
Crypto is pretty centralised thanks to these exchanges and many blockchains running solely on AWS such as Ethereum. Crypto being ‘decentralised’ is a well known myth.
- lawn 3y ago
  You don't need exchanges for cryptocurrencies to work, they just make onboarding easier.
  - zshrdlu 3y ago
    Do you mean that, once on-boarded, crypto holders would only need to trade with fellow crypto holders?
- everfree 3y ago
  Ethereum running “solely” on AWS is a myth. If AWS were shut down, the chain would continue as usual.
  - colesantiago 3y ago
    Even Vitalik knows that Ethereum is centralised. > If AWS were shut down, the chain would continue as usual. Continue laundering money for foreign state actors and narcotics businesses, sounds about right as this is is what crypto is good for. https://www.justice.gov/usao-nj/pr/united-states-seized-and-files-forfeiture-action-recover-over-54-million-cryptocurrency https://www.justice.gov/usao-nj/pr/united-states-seized-and-...
    - everfree 3y ago
      Do you think it would continue or not? Your comments seem to hold conflicting points.
      - colesantiago 3y ago
        We both know that crypto is only used for and that the main use case is criminal activities, so it's only right that the whole thing should be shut down by law. It's already impossible for crypto to become part of the current financial system so the only way to stop this scourge is to make crypto illegal starting with the exchanges down to the blockchains. Blockchains have absolutely no use case at all.
        WrongAssumption 3y ago
        You seem to be confusing would with should?
        colesantiago 3y ago
        You're right, it must be shut down by law. That should be much better.
        everfree 3y ago
        You're free to hold whatever opinions you want, but I don't see how they're relevant to this conversation. It's not productive to spread falsehoods about how blockchains are hosted.
        colesantiago 3y ago
        I don't see any sources for any of your claims so I've completely ignored it as you have no hard sources.
        everfree 3y ago
        Okay, then it should be just as fair for everyone to ignore your claim that Ethereum runs "solely on AWS".

Crypto is pretty centralised thanks to these exchanges and many blockchains running solely on AWS such as Ethereum. Crypto being ‘decentralised’ is a well known myth.

lawn 3y ago
You don't need exchanges for cryptocurrencies to work, they just make onboarding easier.
- zshrdlu 3y ago
  Do you mean that, once on-boarded, crypto holders would only need to trade with fellow crypto holders?
everfree 3y ago
Ethereum running “solely” on AWS is a myth. If AWS were shut down, the chain would continue as usual.
- colesantiago 3y ago
  Even Vitalik knows that Ethereum is centralised. > If AWS were shut down, the chain would continue as usual. Continue laundering money for foreign state actors and narcotics businesses, sounds about right as this is is what crypto is good for. https://www.justice.gov/usao-nj/pr/united-states-seized-and-files-forfeiture-action-recover-over-54-million-cryptocurrency https://www.justice.gov/usao-nj/pr/united-states-seized-and-...
  - everfree 3y ago
    Do you think it would continue or not? Your comments seem to hold conflicting points.
    - colesantiago 3y ago
      We both know that crypto is only used for and that the main use case is criminal activities, so it's only right that the whole thing should be shut down by law. It's already impossible for crypto to become part of the current financial system so the only way to stop this scourge is to make crypto illegal starting with the exchanges down to the blockchains. Blockchains have absolutely no use case at all.
      - WrongAssumption 3y ago
        You seem to be confusing would with should?
        colesantiago 3y ago
        You're right, it must be shut down by law. That should be much better.
      - everfree 3y ago
        You're free to hold whatever opinions you want, but I don't see how they're relevant to this conversation. It's not productive to spread falsehoods about how blockchains are hosted.
        colesantiago 3y ago
        I don't see any sources for any of your claims so I've completely ignored it as you have no hard sources.
        everfree 3y ago
        Okay, then it should be just as fair for everyone to ignore your claim that Ethereum runs "solely on AWS".