Exchange's not code!

niepoprawni.pl 3 weeks ago

Cryptolutes are hard to assemble, and for the addition of the originals, all of which talk about them, it is inactive confusing. Especially destructive are the numbers here, but besides the bises, which at the expertise of the Cryptoluta feeds.

The problem with cryptolutes is due to the mistake of their function. Many people believe that in order to have crypto-volatiles, they request to set up an account. It is as if individual felt that in order to have money, they would be able to usage it on the brokerage market. This means that they service primarily all of the tradins, whether they are in business, in expertise, in the field of positioning and insidiously interchangeable infrastructurals, alternatively than in the process of storing or locating them, or providing them in the bounds of handlows.

In the planet of Fiat, most people separate between a simple bank account and a deposit, credit or brokerage account. In the planet of crypto this discrimination has been blurred. Users have been told that an account on the stock exchange is simply a natural way of holding cryptocurrency. This is bullshit. This is simply a convenient way of trading, but not necessarily a safe way of storing currency.

The cryptolute itself does not require a stock exchange. All you request to have is simply a wallet and control of your own key. The stock exchange only comes erstwhile individual wants to trade, speculate, usage leverage or rapidly exchange various assets. And then there's the classical hazard of a middleman: insolvency, blocking funds, manipulating, legal chaos, or simple fraud.

The currency must so be distinguished from the market, the portfolio from the trading account and the retention of values from speculation. Keeping savings on the stock marketplace and imagining that it's just a wallet is simply a mistake of the same nature as keeping assets on a speculative account and pretending it's just cash in a safe.

It's not cryptocurrency that needs to be regulated, but stock exchanges that have anything to do with fictitious currencies! State currencies must be regulated by the State, due to the fact that they are the state's. Currently, the dominant financial strategy based on fiat currencies and central banking with mandatory partial reserves and the creation of currency from the air through credit is simply a state, statutory, political creation. So fundamentally based on state regulations. And everything he touches should be regulated by law.

And cryptocurrency is by definition a strategy that is detached from all institutions and does not require any regulation due to the fact that it regulates a strict algorithm, protocol and software that cannot be deceived or manipulated.

The cryptocurrency exchange only needs to be regulated due to the fact that they actually operate in Fiat currencies. I'm putting state currency on a stock exchange like any another one, and then I buy shares, bonds, cryptocurrency, options and another instruments, and I speculate on them. And at the end of the day, I'm paying out the currency of the fiat with profit or loss. The essence is the currency of the fiat, not the cryptocurrency. That is why the state must regulate it.

However, you can imagine the exchange of cryptocurrency in pure form — on it I only exchange cryptocurrency. Then no regulation would request to work smoothly so that there would be no fraud and manipulation, no state needed at all, no force apparatus at all, to order anything here.

In terms of cryptocurrency, almost everyone is lying — and stock marketplace operators, and the government. any for marketing purposes to drive suckers to pluck, and others in political inches to drive an electorate that doesn't understand, but will be outraged. However, both parties are committed to keeping those they prey on in the dark.

Grzegorz GPS Swiderski
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