RE: Bitcoin Isn't A Great Financial Tool....YET! 3 Developments I'm bullish about!
Some could think I'm crazy, but I still think that BTC goes way above $100,000, or it implodes.
Yeah with the transactions it's really a pain in the ass. But I think the main problem is to still calculate goods in fiat and convert it to crypto. When a lot of people start to reverse it crypto will be in the advantage. Every month I had to pay my servers in Russia in BTC I hoped that BTC is falling, because when it was raising I traveled 100km to a BTC ATM only to figure out that it ran out of BTC. Every time BTC goes up it's really hard to get anonymously BTC. Localbitcoins is also not anymore local, anyway, I dislike them, I was complaining for which purpose they want my ID (while they were still not forced to it). I had a discussion on their forum, where they deleted my messages and kicked my account.
Now I researching for my book were to get in Germany easy anonymous BTC, but it looks like it vanished almost and the majority buys and sells today on bitcoin.de, what is another terrible way, government-controlled and you need a mobile number (from your country of residence).
I think it's time to charge services more in crypto and also purchase more services which accept crypto, solves a lot of problems.
That is also a worry of mine is that exchanges are sitting with too much BTC and we’re still in this mindset that BTC needs to be cashed out to get real world value
We need to work towards having more DEX and P2P trades so we can put, keep and exchange these assets between wallets and not through third parties
I see exchanges as a necessary evil for now, but in future I hopes we do look at ways to migrate away from it
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And it's not so that only the exchange is able to steal you, the government of the country of the exchange as well.
Never heard of DEX, does that mean decentralized? Will look it up later. Yepp, and I think soon this P2P needs to work over Tor because the will be also criminalized.
Think it will come soon.
Yes a DEX is a decentralised exchange. It allows for P2P trades and allows you to keep your keys too. I agree that P2P should be used over Tor in some cases but if you're in a network like STEEM we could do P2P too with your account and a VPN @swapsteem has P2P option
cool, thank you for the link :)