Cryptocurrency (31 Viewers)

swag

L'autista
Administrator
Sep 23, 2003
84,749
Normies get rugged by using CEXs treating them like banks.

If a normie downer understand the fundamental of decentralization and self sovereignty of your funds then this will continue.

Not your keys, not your cheese. It’s as simple as that.
In queso emergency, I'll be covered in de brie wearing my explosive vest.
 

Buy on AliExpress.com

Fr3sh

Senior Member
Jul 12, 2011
37,247
Normies get rugged by using CEXs treating them like banks.

If a normie downer understand the fundamental of decentralization and self sovereignty of your funds then this will continue.

Not your keys, not your cheese. It’s as simple as that.
Told you guys about SBF/Solana being skem
 
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swag

L'autista
Administrator
Sep 23, 2003
84,749
$31M? That's just his gas fees. Someone running with another narrative on this.

When Fyre Festival defrauded everyone of millions, you don't start with Billy McFarland not disclosing his payola to EmRat for posting on Insta.
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,776
Normies get rugged by using CEXs treating them like banks.

If a normie downer understand the fundamental of decentralization and self sovereignty of your funds then this will continue.

Not your keys, not your cheese. It’s as simple as that.
So normies is anyone who didnt get crypto scammed? You are right fund sovereignty is a big concern, what you are wrong about is that the answer is crypto.
 

.zero

★ ★ ★
Aug 8, 2006
82,806
So normies is anyone who didnt get crypto scammed? You are right fund sovereignty is a big concern, what you are wrong about is that the answer is crypto.
Incorrect. Normies are gen pop who use centralized platforms to onboard into crypto. They misconstrue these well marketed, simplified products as brokerage+bank account. They are the ones who get “scammed” when centralized platforms like BlockFi, FTX, Celsius, crypto dot com lose their funds.
 

AFL_ITALIA

MAGISTERIAL
Jun 17, 2011
31,781
Incorrect. Normies are gen pop who use centralized platforms to onboard into crypto. They misconstrue these well marketed, simplified products as brokerage+bank account. They are the ones who get “scammed” when centralized platforms like BlockFi, FTX, Celsius, crypto dot com lose their funds.
What would be the ideal? Buy from an exchange, move to offline wallet, and sell p2p?
 

.zero

★ ★ ★
Aug 8, 2006
82,806
CEXs have their place still when used properly:
  • Onboard fiat to convert to stable. then withdraw to hot/cold water to connect to a (d) protocol to borrow, lend, stake, trade etc.
  • Cashing out by converting crypto back to stable or fiat to deposit back to your bank.
    Also, most web3 companies and DAOs pay for bounties and salaries in stable. So a CEX is one of the few ways to offboard those funds to a personal bank account.
 

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