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dudeedud4 t1_ixo54jn wrote

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

Huh? I've never used an exchange and just make a thread on forums going like "[H]$50 paypal [w]$45 eth/btc/whatever"

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TheNewGirl_ t1_ixo6xq3 wrote

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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t-poke t1_ixqns2x wrote

You’re not doing anything to defend crypto’s safety and security with this post.

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dudeedud4 t1_ixqoevy wrote

The security is the anonymity for this. Way safer than a crypto bro exchange.

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t-poke t1_ixqoraw wrote

Safer until you send a completely anonymous stranger on the internet 50 bucks on PayPal then they ghost you.

Not to mention in this example, if it goes well, you’re losing 10% in value.

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dudeedud4 t1_ixqozge wrote

The example is just that, an example. The lower amount coming in is an incentive and based odd the fees/time it took years ago. And I've never had a problem doing it this way. Always used trusted members on forums.

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