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in-game_sext t1_ixn0tb6 wrote

Reply to comment by MajesticWaterBuffalo in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2

There are exchanges that can't be regulated (called DEX's)

If there is crackdown on centralized exchanges then more people will just start using DEX's.

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Agent_Angelo_Pappas t1_ixnhw2c wrote

If they opted for a “centralized” exchange in the first place that suggests they’re not interested in those. A regulatory crackdown probably won’t be good for Bitcoin like you think

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in-game_sext t1_ixni3ek wrote

People use what they prefer until its no longer a choice. Then they use the next option available.

I didn't realize that was difficult for people to grasp.

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Agent_Angelo_Pappas t1_ixniq01 wrote

Virtually no one “prefers” being responsible for their own financial security. Most people aren’t IT security experts and are human and subject to make errors. It’s not rational to take on all that risk yourself

I suspect most people getting burned by these exchanges are just going to go back to banks, not an even worse version of those exchanges. i DiDnT rEaLiZe tHaT wAs DiFiCuLt FoR yOu To GrAsP

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newnamesam t1_ixnx9hd wrote

That’s all well and good until they get banned at the DNS level, by ISPs, and by banks. Yes, there are workarounds but Ponzi schemes like crypto depend on new blood primarily from the uneducated. They’re not the kind to use IPs as addresses and intermediaries.

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