And in my opinion, now the Etherium Blockchain becoming slow because as per what i read in some posts, Etherium used it's almost all Blockchain Activity Space, and in this case Steem is super effective because it holds 50% of all transcations on Blockchain, but still uses around 11 to 13%, and that's why once SMT's will launch then we can participate in ICO's more effectively as ERC20 are used by many ICO's. Let's hope that SMT's will launched soon. Stay blessed. 🙂
An exchange is not a wallet. And when you have your funds on the exchange, you put your balls in a corporate hand. Meaning, they can do whatever, squeeze and pull and you can't do shit. At least, that's my takeaway from the situation.
No one said an exchange was a wallet, but Im not allowed to trade directly into my own wallet so we have no choice. That being said I shouldn't have to worry about being jerked around just because they can.
Sorry to break it to you, but your funds on are sent to those centralized exchanges using shapeshit. They partner with them for liquidity. So your argument is moot.
How does that make my statement invalid? I was talking about KEEPING the funds on the exchanges, not about using them in general. You get the difference, right?
thats the case ;)
At times it feels as if they allow trading with a fractional reserve. So if to many try and withdraw they can’t actually fill the order.
And in my opinion, now the Etherium Blockchain becoming slow because as per what i read in some posts, Etherium used it's almost all Blockchain Activity Space, and in this case Steem is super effective because it holds 50% of all transcations on Blockchain, but still uses around 11 to 13%, and that's why once SMT's will launch then we can participate in ICO's more effectively as ERC20 are used by many ICO's. Let's hope that SMT's will launched soon. Stay blessed. 🙂
An exchange is not a wallet. And when you have your funds on the exchange, you put your balls in a corporate hand. Meaning, they can do whatever, squeeze and pull and you can't do shit. At least, that's my takeaway from the situation.
No one said an exchange was a wallet, but Im not allowed to trade directly into my own wallet so we have no choice. That being said I shouldn't have to worry about being jerked around just because they can.
There is Shapeshift, which is even included in Exodus wallet, so yeah, you have a choice.
Sorry to break it to you, but your funds on are sent to those centralized exchanges using shapeshit. They partner with them for liquidity. So your argument is moot.
How does that make my statement invalid? I was talking about KEEPING the funds on the exchanges, not about using them in general. You get the difference, right?
You said that there is shapeshift included in exodus wallet. How does that keep me from having to use a exchange to get my coins?
“An exchange is not a wallet” this is pretty much assuming I was using the exchange as a wallet.