Mykopikid on Nostr: I''m from the other side of the world. Can someone shed some lights on this matter? ...
I''m from the other side of the world. Can someone shed some lights on this matter?
1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only.
2. They encourage all their users to withdraw and self-custody.
3. They are anticipating govt giving problems and help users to think ahead and be prepared.
4. They operate under US law.
Questions:
A: Is 1, 2 and 3 not a good thing for bitcoin?
B: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down?
C: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.
1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only.
2. They encourage all their users to withdraw and self-custody.
3. They are anticipating govt giving problems and help users to think ahead and be prepared.
4. They operate under US law.
Questions:
A: Is 1, 2 and 3 not a good thing for bitcoin?
B: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down?
C: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.