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52415909 No.52415909 [Reply] [Original]

Isn't all of crypto centralized since you still need a CEX on-ramp to purchase it?

>> No.52416011

Yep. Buttcoiners still havent quite grasped that

>> No.52416033
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52416033

>>52415909
OP is this bait?

>> No.52416053

>>52415909
>>52416011
He needs a CEX to purchase btc
Retards and ngmi

>> No.52416073

>>52415909
But my bitcoin is worth thousands of United States Dollars!!!

>> No.52416093

it's a peer-to-peer medium of exchange, you don't need a centralized exchange to buy or sell bitcoin

>> No.52416137

Everybody in crypto values their coins in fiat and exchanges them for fiat when buying goods and services, so it's doomed to centralization.
The guy who bought a pizza for 100 BTC in 2011 is more of a BTC maximalist than any of us

>> No.52416158

>>52415909
Bro meet me at the 7/11 in Middletown and I'll pull up the bitcoin balance on my ledger to show you and you give me cash.

>> No.52416170

>>52415909
no because you're assuming you start with fiat if you get paid in crypto your argument doesn't apply. That would be like saying fiat is decentralized because you need crypto to pay for it, it doesn't make sense.

>> No.52416177
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52416177

>>52416137
"pizza"

>> No.52416210

Blockchains get rid of the middleman says the utopian dreamer. So how does CZ become a billionaire? Fucking normies.

>> No.52416223

>>52416177
Do you think that guy suicided after the price went to the 1000s?

>> No.52416258

>>52415909
no, it's centralized because the best-performing nodes have to acknowledge and then agree that your transaction goes in the next block. that is a central committee, and its membership is decided by how much real money is spent on mining equipment .the processing work is distributed, not decentralized.
decentralized is when A and B who generally only talk to each other can then trust a transaction from C without themselves having been involved in it in any way, because C is also an authority, and not because there exist any other number of nodes that all of A B and C are forced to trust. in fact, to be decentralized, by definition those other nodes cannot even exist.
exchanges don't have anything to do with it.

>> No.52416426

>>52416210
Yep, herein lies (one the) problems with crypto. To be really safe you have to be be your own bank, but the vast majority of people don't want to be their own bank. Hell, they're just struggling to get the fucking printer set up.

>> No.52416482

>>52416426
The same reason everybody fantasizes of living off-grid, but in reality all they do is go on weekend camping trips with all the modern comforts. People will spend money on the idea but not actually participate in making it a reality. I genuinely wish I could buy things with my crypto, but the reality of a world where society entrusts great power to governments and institutions makes it impossible