Centralised demise

ADVICE

I know people are screaming for regulation now and sitting cross legged rocking back and forth hyperventilating but the exposure of frailties of centralised exchanges was always a matter of time. They go against the very foundations of crypto and there demise should be celebrated. I have also been stung i looked wide eyed at the apy returns of celsius and got caught with my hand in the cookie jar and lost a pretty penny so i understand the pain. But if you have been around a while its understood the pioneers would shake there collective heads at the sbf, cz, mashinsky type cretins who are the Springfield monorail salesmen of crypto and we are the naive and gullible townfolk singing gleefully to there catchy sonets and emptying our pockets into a void of there self interest and greed. Self and sovereign custody has always been the lynch pin of crypto and its either a reminder or a forced epiphany. Hide yo kids, hide yo wife and hopefully binance is next to drop the soap in this prisao .

Posted Nov 9, 2022, 4:53 AM UTC

016
UnlikelyHold11•

I'm not screaming for regulation, I like it like this.

4
TNJCryptoPlatinum | QC: CC 23 | Buttcoin 9 | AvatarTrading 21•

All the newcomers trying to quell my beautiful volatile

3
Coin-FiendOPPlatinum | QC: XTZ 40 | Buttcoin 8•

How long have you been in crypto and have you been scammed yet?

2
UnlikelyHold11•

Been in Crypto six months never been scammed because my portfolio isn't even worth scamming

1
CatBoy191114Platinum | QC: CC 344•

Right? Green, red, who cares? What matters is ridiculous volatility that triggers our irrational limit orders. Essentially crab market on steroids.

1
PodslySilver | QC: CC 26 | ADA 89•

You can't onboard without a centralised exchange... or can you?

If you're bridging to fiat, you must use your fiat to buy crypto somewhere,from someone. If not a centralised exchange, then were? Someone is going to have to accept payment an exchange of fiat for crypto.

I don't see how you could do it without a centralised authority overseeing the transaction, such as a bank or something else....

​

That is until CBDCs are on the blockchain.

3
[deleted]•

[removed]

1
cipigTin•
1
Coin-FiendOPPlatinum | QC: XTZ 40 | Buttcoin 8•

There are alternatives, though centralised exchanges are definitely the easiest way to buy cryptocurrencies.

-1
PodslySilver | QC: CC 26 | ADA 89•

What's the alternatives?

2
EdgeLord19941•

Peer to peer, BTC ATM

1
PodslySilver | QC: CC 26 | ADA 89•

But how can anyone buy any of that without a centralised exchange?

How do I get money in my bank account, from which our emoyers deposit money, converted to crypto?

1
p1AmericaTin•

Mass adoption will be centralized with DeFi over the shoulder

3
TheOtherCoolCat•

It's the big money always doing this shit. 2008, a regulated market was worse than anything happening here

1
BringerofsalvationPlatinum | QC: CC 96•

Centralised exchanges are the gateway for new and old investors to get crypto easily. They’re still necessary, unfortunately.

1
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[removed]

1