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by efficax
1317 days ago
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> This may or may not be the end of "crypto," but Bitcoin continues to operate just as before - without the need for exchanges, regulators, entrepreneurs, financiers, or visionaries. Bitcoin absolutely needs exchanges. Sure, it's a self contained decentralized system that could keep churning along without needing anything but computation and the internet, but the day you can't exchange btc for fiat is the day bitcoin goes back to 2010, when it was a curiosity that isn't useful for much of anything. The only reason crypto is interesting to anyone except the most true of true believers is that you can exchange it for real money. What is the point of it without exchanges? |
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The point is that exchange of bitcoin for goods and services is possible without trusted third parties. Whether you approve of what is being traded is a separate question.