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You really cannot make this up. As usual crypto in practice is the opposite of decentralized because people. Will. Not. Run. Their. Servers. Moxie nailed it
What is moxie?
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Sweethaert, don't waste your popcorn watching that dumpster fire. The real show starts once Tether "de-re-pegs".
So what exactly is the point of holding BTC if it can be held hostage like this? Crypto continues to fail at its most basic premises.
You really cannot make this up. As usual crypto in practice is the opposite of decentralized because people. Will. Not. Run. Their. Servers. Moxie nailed it
Cryptocurrencies can be held in offline wallets i.e non-custodial hardware or software wallets, like Metamask, Trust Wallet, Ledger Nano, Tezos etc.
But no, let's rush into the comments section and scream our heads off and create panic that it is 'exchanges === all crypto is scam'.
When it is really a case of what happens when you store your crypto on an exchange rather than a non-custodial wallet.
You really cannot make this up. As usual crypto in practice is the opposite of decentralized because people. Will. Not. Run. Their. Servers. Moxie nailed it
Can someone explain the mechanism here? What is going on? (Is it something interally at Binance or something to do with the Bitcoin network.)
Internal system thing, right?
Earlier quoted context omitted.
What is moxie?
Moxie is a who. Probably referencing this blogpost, https://moxie.org/2022/01/07/web3-first-impressions.html .
What is Moxie? A regional beverage that is the origin of the word, now the official soft drink of the state of Maine: https://en.wikipedia.org/wiki/Moxie
https://www.barrons.com/articles/celsius-network-pauses-with....