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To: Libloather

crypto: safe and effective ... even better than real money ...


23 posted on 02/22/2025 3:58:08 AM PST by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: catnipman
If you look at where the problems in crypto are, over and over again the answer comes back to the same weak point: The on/off ramps into the world of cryptocurrency. Namely, these centralized exchanges that take fiat money and let people buy crypto with it.

Once you are within the crypto world the risks are gratly reduced, and are largely under your control - ie., you keeping your private keys safe. Even transacting between cryptos is much safer using decentralized exchanges. But the centralized exchanges that people use to transfer in and out of fiat with, those will always be the most vulnerable points. I look forward to when we can exist entirely within a crypto economy without the need to risk our money on such off-ramps.

27 posted on 02/22/2025 12:58:27 PM PST by EnderWiggin1970
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