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Re:Coinbase S-1 by helsinkiandrew on Thursday February 25, 2021 @09:42AM (#26263195)
The trouble with Cryptocurrencies is that very few people seem to be using it for exchange of goods, where it could be used independently from banks.

It seems that the vast majority of retail sales is into and out of USD and other fiat currency for speculation/investment. Here central markets will always have the advantage that you'll get a 'fair' price due to the mass of buyers and sellers (ignoring market manipulation) over finding someone to trade with you.

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