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Re:Binance Acquires FTX by joyfylbanana on Tuesday November 08, 2022 @03:42PM (#33524025)
Nobody forces you to use Binance or FTX. I have been using Bitcoin for 10 years and I've always stored more 90% of my BTC in my own self-custody wallet, only used exchanges briefly.
Re:Binance Acquires FTX by xmonkee on Tuesday November 08, 2022 @04:15PM (#33524400)
What have you been "using" Bitcoin for, may I ask?
Re:Binance Acquires FTX by joyfylbanana on Tuesday November 08, 2022 @04:42PM (#33524693)
- Long term "Savings account" - a volatile one, of course - I buy stuff from online with it, household items (In country I live you can basically buy anything with BTC) - Travel, I book hotels/flight with it and once I rented a boat for a family trip

In addition to that I now and then try to pay with Bitcoins at other stores. Last time got excited about boltcards (https://github.com/boltcard/boltcard) there are few places in my country which accept it, but it is quite a new thing.

Re:Binance Acquires FTX by nicbou on Tuesday November 08, 2022 @06:37PM (#33525744)
What country is that, if you don't mind sharing? It's the first time I hear this
Re:Binance Acquires FTX by wruza on Tuesday November 08, 2022 @07:31PM (#33526142)
I suspect one whose own banking system is on par with BTC risk-wise. (Apologies to gp if that was clueless, it just comes to mind first.)
Re:Binance Acquires FTX by joemazerino on Tuesday November 08, 2022 @04:26PM (#33524535)
You may not ;)
Re:Binance Acquires FTX by commonlife on Tuesday November 08, 2022 @06:43PM (#33525793)
Buying MDMA safely. This isn't a joke. Drug prohibition causes harm, crypto provides a much safer way to obtain psychedelics. If all your purchases are safe for the state to be aware of, good for you.
Re:Binance Acquires FTX by notch656a on Tuesday November 08, 2022 @07:17PM (#33526034)
It seems insane to me people would buy/sell drugs in a prohibition nation on a public ledger.
Re:Binance Acquires FTX by Phlarp on Tuesday November 08, 2022 @08:35PM (#33526632)
For whatever it's worth, the federal authorities have very little budget/mandate to prosecute darknet drug distribution offenses. They go after the darknet markets themselves, money laundering / sanctions avoidance and maybe firearms.

Meanwhile the local authorities don't know what most of those words mean.

Re:Binance Acquires FTX by commonlife on Tuesday November 08, 2022 @10:14PM (#33527155)
Monero