What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
I’m not convinced that a triopoly (not sure what it’s called) is significantly different from a duopoly.
My main view is that a centralized system can be built on top of a decentralized one, but not the other way around. And by the way, if crypto and traditional banking co-existed, with broad support for both, that would be a decentralized system, and I’m fine with that. As long as people can easily convert their fiat to crypto and interact with the same sellers in order to bypass censorship.
More competition is better than less. It is that simple. Your argument is just either nihilistic or an excuse to support a duopoly.
Well crypto is fully decentralized, with every node acting independently, so it really is the most competitive environment you can imagine, if that’s what you’re looking for