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Exchanges have buildings and money also wasted on executives as well as theft from customers.
by endisneigh 3y ago
Exchanges 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