U don’t even have keys there. It’s just a record of how much u have. They don’t have 100% of deposits most likely.
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U don’t even have keys there. It’s just a record of how much u have. They don’t have 100% of deposits most likely.
Using Web 3.0, therefore, is just a marketing ploy? Oh my! 😆
Web 3.0 is real
Coinbase being anything besides a centralized exchange that owes u nothing legally if they go under is just not part of it unless I’m missing something
I know it's real, but how about the way Coinbase uses the term? Is that also for real? Or just a marketing tactic?
I assume marketing
At least I have seen nothing telling me otherwise
Yea I think it's just a record and you probably won't even be able to withdraw the crypto either. If you do and they let you, then it will have a ton of fees.
Posted Using LeoFinance Beta
Won’t be able to withdraw?
Meaning in a collapse of confidence situation?
Could be one day for sure.
I don’t think they can charge crazy higher then normal fees without having legal problems but not getting it out regardless a much bigger issue. Hopefully more people who are in the space casually are getting educated fast on proper storage
There are no problems because there aren't any rules in the crypto space. As they say, crypto is the wild west.
Posted Using LeoFinance Beta
There are many rules for the approved centralized exchanges. The centralized end isn’t much like the Wild West at all in my opinion.
But generally I see ur point overall.