Excellent critique of the weakness of exchanges, 'MONEYGPS'. Thank you.
One of the principal- but far from only - benefits of the cryptos is that they allow persons to transact DIRECTLY persontoperson peertopeer. ..... WITHOUT INVOLVING OTHER - SOMETIMES MULTIPLE, MULTIPLE - THIRD PARTIES ALL OF WHOM DEMAND TO PROFIT BY THEIR alleged contribution to the transactional process - not to omit that many of these third parties provide information to governmental bodies & taxation agencies - some even selling info they harvest to yet other parties ......
THIS SHOULD BE A LESSON TO ALL CRYPTO USERS NOT TO USE EXCHANGES !!!!!! As this brings in 'the third party weakness' otherwise being one of the principal things we crypto-heads are attempting to avoid.
PRIVACY .... Maximum - indeed COMPLETE - privacy is what I'm aiming for - which is why I'm going to buy DASH ..... Which has NONE of the other many flaws & weaknesses of BITCOIN !!!!!!!