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Bitcoin does not need exchanges. Exchanges are just one method to get your hands on Bitcoin. Then you can trade in Bitcoin directly without any extra financial

Bitcoin does not need exchanges. Exchanges are just one method to get your hands on Bitcoin. Then you can trade in Bitcoin directly without any extra financial institution in between you and another guy. Exchanges are prevalent today as the easiest way to get BTC, but you can do it also by mining, by buying on the street or by selling your goods and services for BTC. You can invent new trading places or entire networks, or trade directly. Once no one needs USD or EUR, existing exchanges will become irrelevant.

kolev 13y ago
Most people who sell bitcoins at LocalBitcons.com have their price based on an exchange plus a significant premium, not to mention, amounts you can get are very small. A lot of Bitcoiners don't look into Ripple or totally discount it as they see it as a competitor, when, in fact, it's the only thing that can save Bitcoin and keep it truly decentralized.