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A comment on Fed Opens Service That Dramatically Speeds Up U.S. Payments. Parent comment

Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by landemva on Thursday July 20, 2023 @04:37PM (#36806402)
It's like a centralized exchange in which funds can be seized, censored, and the participating brokers are licensed. Nothing like bitcoin.
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Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by astrange on Thursday July 20, 2023 @09:04PM (#36808850)
It's also not like bitcoin because the exchange doesn't own dollars deposited at them and isn't run by a guy living in Dubai who's going to steal all of it.
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Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by yieldcrv on Thursday July 20, 2023 @09:32PM (#36809039)
this is an odd consensus because you just described how all bitcoin exchanges in the US operate.

they are centralized in which funds can be seized, censored, and they all have money services licenses just like their corresponding banks do.

right, not like bitcoin, like bitcoin exchanges, just like the person said and you somehow ignored.

far more similarities than differences for this comment and the other comments at your level to be focusing on the differences and confused about the existence of similarities.

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Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by fastball on Friday July 21, 2023 @12:03AM (#36809857)
There are decentralized exchanged which operate in the US.
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Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by pavlov on Friday July 21, 2023 @05:34AM (#36811833)
How does a US resident get US dollars out of a decentralized exchange?
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Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by landemva on Friday July 21, 2023 @01:22PM (#36816646)
Go old school neighborly. Convert it into something your friends or family want, then trade with them for the cash you want. If you don't know anyone that wants to help you reduce your bags of btc or eth, then consider finding a different community.
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