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by EscapeFromNY 1103 days ago
If you don't want to send your money to the Bahamas, you have the choice as a consumer to use a regulated US-based exchange instead. You don't have to be ultra-savvy to read wikipedia and learn about a company before doing business with them.

With Google, you're spending money in a completely opaque marketplace with 0 visibility or transparency, and no choice as a consumer to mitigate that.

1 comments

A regulated US-based exchange like, say, FTX US or Binance US?
If you do a minimal amount of research (reading wikipedia), you'll learn that neither FTX nor Binance are US-based
Both operate(d) notionally firewalled US-based exchanges to serve US customers. For FTX we already know this was a pure sham and they lost basically all the FTX.US money as well, and the SEC has alleged that Binance is doing exactly the same.
So your point is after you read wikipedia, it's possible to ignore the information you learned there and find some other rationalisation to send your money away? Yes, that is possible, you got me.