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Re:'People were sucked into schemes': Inside Molly White’s c... by jimbob45 on Saturday October 22, 2022 @04:08AM (#33296422)
I agree that those are both significant advances but having transactions and wallets reside on exchanges nullifies those benefits entirely. The fear early on was that you’d never be able to achieve mass-adoption due to the upfront cost of setting up a wallet and waiting on transactions. Despite crypto’s popularity today, that fear has never truly been overcome.
Re:'People were sucked into schemes': Inside Molly White’s c... by ilaksh on Saturday October 22, 2022 @04:31PM (#33301948)
There are several proven cryptocurrencies with negligible setup costs and fees. For example, I have over 200,000 microtransactions on Algorand on my account. The cost is less than 1/10th of a penny each.

And yeah, we should not rely on exchanges because it does defeat the purpose.