Regulating Crypto: How we move forward as an industry from here

Re:Regulating Crypto: How we move forward as an industry fro... by Double_a_92 on Wednesday December 21, 2022 @08:00AM (#34080132)

1: How do you easily get bigger amounts of crypto, without a centralized exchange?

2: How does the receiving person use the received bitcoins, unless there is a real economy or again a centralized exchange?

[ Parent | on HN ]

Re:Regulating Crypto: How we move forward as an industry fro... by CurrentB on Wednesday December 21, 2022 @08:36AM (#34080523)

Who said anything about not having a centralized exchange? Centralized on ramps are not necessarily antithetical to a decentralized system.

[ Parent | on HN ]

Re:Regulating Crypto: How we move forward as an industry fro... by messy on Wednesday December 21, 2022 @08:59AM (#34080800)

I’m sorry, but yes they are… the security of the system was supposed to be built in, and it was supposed to have its value built in. Neither are true. It’s not decentralized and at this rate it never will be, and seeing how it turned out so far, it would be a good thing to fail.

[ Parent | on HN ]

Re:Regulating Crypto: How we move forward as an industry fro... by Double_a_92 on Wednesday December 21, 2022 @10:35AM (#34082011)

In this specific argument, it was about regulations, which such centralized exchanges would need to comply with.

Generally, it's literally the whole basic premise of everything 'crypto'!

[ Parent | on HN ]

Re:Regulating Crypto: How we move forward as an industry fro... by jrm4 on Wednesday December 21, 2022 @02:01PM (#34084847)

This argument kills me all the time.

Like, yes, when I take my kids to Chuck E. Cheese I do want to convert my money into the tokens. I do not want to store them as that.

[ Parent | on HN ]