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But, Coinbase is not, actually, the biggest... not by far? Binance is like, 20x larger. And it isn't even as if you need to get dollars for your Bitcoin, in cas
by saurik 1y ago
But, Coinbase is not, actually, the biggest... not by far? Binance is like, 20x larger. And it isn't even as if you need to get dollars for your Bitcoin, in case the United States government decides to go aggro, so you can find someone in another country to convert you out through another currency. If this is our definition of centralized, then it is difficult to believe that anything is decentralized. There are enough numerous legitimate reasons to be angry at Bitcoin -- hell: even numerous legitimate reasons to say it is centralized -- that we shouldn't start making some up.
- jonahx 1y agoI was using Coinbase as a placeholder -- I am not up on current market share status but most people I know in the US use Coinbase. The point stands. > so you can find someone in another country to convert you out through another currency This is not so easy for large amounts -- the whole reason to use a Coinbase is institutional trust -- and is certainly inconvenient. In practical terms, across the ecosystem of users, it would not be some small roadbump but a massive problem.