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Similar to Bitcoin vs traditional banking waste with all of their buildings and money wasted on executives and theft from customers etc
by zoklet-enjoyer 3y ago
Similar to Bitcoin vs traditional banking waste with all of their buildings and money wasted on executives and theft from customers etc
- endisneigh 3y agoExchanges have buildings and money also wasted on executives as well as theft from customers.
- freedomben 3y agoI think this actually reinforces GP's point somewhat. I could be misinterpreting, but I don't think they weren't defending exchanges, in fact I would guess they would criticize those as much as banks. They were defending bitcoin as a ledger system, which doesn't require any banks or exchanges to work. Exchanges in this system are optional and are a convenience. With traditional banks there is no way to do it without them.
- endisneigh 3y agoDoesn’t change the fact that most transactions occur through exchanges. You don’t need banks to barter either, after all.
- zoklet-enjoyer 3y agoI barely use centralized exchanges anymore. I use them to get dollars in and out, but everything else is on-chain DEXs on proof of stake networks, mostly Osmosis and Evmos