If Bitcoin is on a decentralized network, why can't we all globally trade it in a decentralized manner?
Today, we had yet another probable fake news from China and the markets have dropped because of it. The problem we have is the "centralized" exchanges. If we take Bitcoin out of these exchanges and start trading it in a global/decentralized manner, then we would not have this kind of problem. I mean, BTC is already on a decentralized network, it would make sense to trade it on a decentralized network.
If we are to replace the present monetary system, i can't see any other way to achieve it. Decentralization is key to our freedom. In my opinion, centralization needs to be eliminated.
Just my little rant for today.
~tek
Exactly and this is why we should start using decentralised exchanges because they are anonymous, can never be shut down and can never be hacked. This should be the next step. I even wrote a blog on it. Nice post though.
Yup.
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