With FTX happening and everyone screaming take your cash off exchanges (Which I’ve completed a very long time in the past) what would happen if for example there have been no exchanges left if that may even a attainable? Please remember that I get the actual fact we might love fiat to utterly get replaced by crypto in the future.
6 thoughts on “Alternate.”
If no exchanges were left, anywhere, then we must have been invaded by aliens, who have instituted a totalitarian, planet-wide government, and basic freedoms abolished.
An exchange is just a place where individuals can meet to exchange various goods, property, currency. Sometimes government currency is involved, other times it’s barter/swap/like-kind/differing-kind.
Supply and Demand.
If people need exchanges but none exist, new ones will be created, because there is money to be made.
Peer to peer.
Since you need a way to off-ramp your crypto into fiat an exchange will still be required. That’s why we’re all pushing for DEX over CEX. Decentralized exchanges are the way to go.
I just wish there was ONE exchange that wasn’t a speculative money moving bad investment hedge fund nightmare.
People would realize how confusing and risky doing any type of transaction with crypto is and the entire charade would come to a halt, and crypto would return to its original use of anonymous transactions for illegal purposes.