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Comment on Itch.io is delisting NSFW games due to pressure from payment processors

Also, do you realize that even if all exchanges are taken down, this doesn’t in any way harm crypto in general or any of your independent wallets? I mean, you should only look at exchanges as places to input and forex trade crypto, but you should always output it to your external wallets in the end for long-term storage. If some day some exchange suddenly asks any of its users to explain why it did send money to a certain address, that would be the death of this exchange. You don’t need to explain, it is not bank, there are no taxes to pay (you already paid all the taxes before you converted your money to crypto), there are no laws that could make this demand legal. Move to the next exchange.

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ipitco@lemmybefree.net ⁨2⁩ ⁨days⁩ ago
If exchanges close, websites stop accepting them, and you can’t withdraw to fiat

Regulation can easily kill most of the cryptocurrency market

Trading on non CEX is a massive pain as well

Storing for long time on cold wallets makes you vulnerable to volatility, which isn’t good for high amounts. It’s essentially investing on a high risk asset.

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- hisao@ani.social ⁨2⁩ ⁨days⁩ ago
  
  If exchanges close, websites stop accepting them, and you can’t withdraw to fiat
  
  You can still trade with people directly on forums/chats, like before exchanges existed.
  
  Trading on non CEX is a massive pain as well
  
  Why?
  
  If exchanges close, websites stop accepting them, and you can’t withdraw to fiat
  
  Even in the worst case scenario there is a possibility of anonymous crypto-only exchanges on darknets.
  
  Storing for long time on cold wallets makes you vulnerable to volatility, which isn’t good for high amounts.
  
  Agree, long-term storage on external wallet isn’t a good suggestion.
  
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  - ipitco@lemmybefree.net ⁨2⁩ ⁨days⁩ ago
    True, but then crypto only becomes useful for illegal transactions which isn’t what we want
    
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