RE: Kraken And The Hive Financial Network

avatar of @piensocrates
Pienso, luego existo
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1 min read

Everything you mention is really complex, because the fact that Coinbase and Kraken are setting themselves up as intermediaries between the traditional financial system and cryptocurrencies creates potential risks that will make people's crypto holdings not as safe as they should be.

And the truth is that all this seems a paradox or something contradictory to me

Because what is the joke is trying to recreate the traditional financial system using cryptocurrencies. Weren't cryptocurrencies created precisely to oppose all the vices of the traditional financial system?

I am sure that Satoshi Nakamoto did not create Bitcoin with the intention that the keys to our BTC would be in the hands of third parties. And with this type of thing (that whether we like it or not, they are happening), we are giving input to governments and legislators to put their hands on our cryptocurrencies, just as they have always done with our money.

Very good post, really very informative. Thanks for sharing. Greetings.

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