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Every single downside listed in the article already existed way long before cryptocurrencies were even invented. Yet another article that confuses security of e
by hubadu 6y ago
Every single downside listed in the article already existed way long before cryptocurrencies were even invented.
Yet another article that confuses security of exchanges with security of cryptocurrencies.
Cryptocurrencies are digital asset designed to work as a non-centralized medium of exchange.
You can ask any citizen from countries that went through hyperinflation, capital control or cyprus-style bank account seizure (bail-in), what is the value of cryptocurrency to them. Then ask yourself if and when it can happen to you.
- louwrentius 6y agoI mention this 'argument' in my article.
- hubadu 6y agoTo any person living in Europe, I hope you guys know the bank account seizure that happened in Cyprus in 2013 has been used as a template to create an european law named "Bank Recovery and Resolution Directive"(BRRD). Some people are going to learn the hard way: https://eba.europa.eu/regulation-and-policy/single-rulebook/interactive-single-rulebook/4402 https://eba.europa.eu/regulation-and-policy/single-rulebook/...