It's my main avenue to crypto from fiat. It's probably yours too. Because it's the only way.
Coinbase is convenient. Until it's not, of course. We've all experienced it at times of high volume. They've got the Shift card, which allows you to spend your crypto anywhere. They're definitely the biggest player in the crypto exchange world.
But is that a good thing?
Does it concern anyone else that our main avenue of exchange is cooperating so much with the government? Or that they're essentially monopolistic?
I've heard reports this week that they're not allowing folks to send to new addresses. I've not confirmed it myself, as I have no funds in coinbase, but that's pretty alarming to me. Not even sure how that's possible though.
Which leads us to my question. If there's a problem, what solutions are there?
I'm about to try bitshares. I only heard about it a couple weeks ago. Supposedly it's a decentralized exchange? Built by Dan. And there's ways to have a fiat gateway on it.
I'm new to it, and will be downloading it in just a few minutes to start playing. Thanks to @lost108 in the deej box, I'm gonna try out EasyDex.
I understand there are more decentralized exchanges, so let's all look into it together and see what we can learn. Remember, I'm still super new here; about five months in the cryptoverse and sucking up all the knowledge I can get my noodle on.
Of course, there's always mining and p2p trading. Ways to earn crypto and trade it in person are nearly endless and the ultimate decentralized exchange. People make this stuff happen.
What's more than staying relevant? Not much, but it helps a lot to make the government more irrelevant ;)
Stay relevant y'all, and be sure to suffocate the state.
Nate
Yep. This is what is killing free trade in Japan right now. BTC ATMs ripped out in favor of corporate, buy-in-only machines, and exchanges cutting off service. Hell, now they even have sexy supermodel celebs here advertising gov regulated exchanges on giant billboards in Tokyo.
I'm very interested in DEXs as well. Thanks for the suggestions. I did not realize Bitshares feartured a crypto to fiat gateway.
Just for now, though, have you considered Kraken as an option for your mainstream exchange? I've been using them for about a year now, but service to Japan is being cut off thanks to gov regulation. Just a thought. If it is not helpful to ya just ignore it. I would prefer an anonymous exchange any day.
That said, they (Kraken) were always pretty reliable, with a few minor hangups here and there. Coinbase has been riddled with severe problems for as long as I can remember, though. Plus aren't they releasing a bunch of user info to the Fed already? Not sure on that.
Anyway, this is turning into a disjointed, meandering ramble. Thanks for calling this shit out. It needs to be said and reiterated: THE STATE DOES NOT SUPPORT FINANCIAL AUTONOMY!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://play.google.com/store/apps/details?id=com.bitshares.bitshareswallet
That's what I'm starting with on bitshares. Setting up a desktop soon, but I'm 100% mobile for now, so I haven't messed with kraken. Yet.
Would it help you in Japan to use a VPN to access your exchanges? The more I learn in this space, the more I detest the state and centralization.
Taxes are the price we pay to live in a centralized society.
The revolution will not be centralized.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, I have already signed on to a large exchange here for my business. The issue is that Kraken will no longer support withdrawals to Japanese bank accounts.
Taxes are disgusting. The antithesis of the philosophy behind cryptocurrencies. Glad somebody else understands this.
Of course, thanks to the tech, there are ways to keep your own money and stay dignified! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Need an American bank account? Idk how, but maybe we could get you one??
There may be some useful information in Liberty Entrepreneurs Podcast (@libertyepodcast) episode 76 (@ashe-oro is the host). It's got a lot of information about international living in the context of crypto.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit