TheGuySwann on Nostr: They are the same as any exchange regarding how it works, the only difference is the ...

They are the same as any exchange regarding how it works, the only difference is the don’t do shitcoins & don’t have a sell option. That’s basically it 😆

The one thing that is hard to find elsewhere (which I don’t understand why this isn’t more common) is the automatic withdrawals.

Otherwise the banking & custodian side of the entire industry is horribly centralized with extremely few options. There was a great piece I covered like 3ish years ago (I’m gonna try and find it) about how bad the chokepoints are with how everyone uses like the same 2 banks and custodians.

Swan isn’t super special in either direction. They just took out the shitcoins, the trading, and the charts to offer something simple for people who only want to stack.

quoting note14tr…zjuw

Swan is 100% marketing, that's pretty much their entire business. They own absolutely nothing and just have a store front that uses apis from their masters.

It's the same as using any normal exchange but marketed towards laser eyed compliance NgU maxis.

Their entire strategy consists in:
* sponsoring (and owning) every breathing influencer and podcaster, essentially controlling most public opinion
* putting on their maxi max mask on twitter and aggressively shit on "shitcoin" projects just so that they can appear "righteous"
* "bitcoin education" 😂 Imagine trusting you bitcoin education to a company like Swan🤣

This is as fiat as it gets. How can any "bitcoiner" continues to defend these sad fucks?