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TheNewGirl_ t1_ixo6xq3 wrote

Reply to comment by dudeedud4 in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2

ah yes because thats so much better than normal money

when you have to do all that bs anytime you want to convert your shit into a form you can actually spend on goods and services ...

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Liraal t1_ixpydd8 wrote

It's actually funnier than that - most if not all cryptocoins don't have escrow or exchange mechanisms built in, only give/send, at most swap for other crypto. If someone goes on a forum and asks for "paypal for XXX $ElonCumRocket," there is absolutely 0 guarantee of not getting stiffed, without a trusted 3rd party that they explicitly reject. Absolutely hilarious when you consider this.

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