Silvergate going down and exchanges losing their banking doesn’t impact #Bitcoin . The collapse of fiat banking for exchanges will just mean buying/trading goes P2P.
Just like in China. There’s still a robust P2P trading ecosystem with exchanges gone.
will this affect credit card purchases?
my guess is exchanges can still create new partnerships with traditional banks depending on country
Where there is a will, there is a way!
I’ll just Uber and do the deal in the car 😆
Wonder how this will effect new fomo market participants….
seems like making it harder for ppl to exchange fiat for btc would impact the price negatively at least short term and prevent noobs from coming in altogether. doesnt sound great tbh
Most markets in the world are now P2P.
Exact opposite happened in African countries where they tried to outlaw
how are people doing large sums p2p?
I'm using P2P markets, only when I see orders where people are really motivated to sell by marking down their premium, I am happy to provide them with liquidity. I don't do large orders 100 - $200 max, most of the time the seller doesn't even have that much to sell at a certain price. It might not be the most efficient, and is slow and can lead to disputes, but that's why there is so much opportunity in these markets
The market just needs to develop. You’ll eventually have services that sit on top of P2P platforms and aggregate orders.
Aye. Money is a necessity. People adapt accordingly.
That works for all of us already orange pilled, not great for bringing in new people though
Works fine in Africa.
Me watching it all burn down 🔥🔥🔥
Is this why Bitcoin dipped? A bank I literally never heard of before a few weeks ago and still know nothing about aside from it does some Bitcoin business (?) is having some issue? Okay then.
Just this past week I was reactivating my HODLHODL account. What a timing. The zaps here on Nostr inspired me to revive the P2P era
Going p2p has it’s issues as well in the land of the Dutch now.
All bank txs above €100 are monitored which gives you letters from banks to explain who the sender of euros is to your bank, the purpose and that persons kyc data.
Unless it’s face to face cash.. problem with banks still exsist in p2p trades. These bank police departments are plugging the holes in their systems aggressively which is annoying.
You guys are getting you food cut off, and you money played with. I hope it gets overturned for everyone's sake
True, our leaders are either on their knees for Schwab or Biden and doing their best to dance the best they can.
Farmers are still trying to fight back but are not bright enough to organize and fight back. Best they do is block public roads.
We lack the urge for central command of a retaliation force against these non-democratic unhuman policies.
banks are harrasing you for 100€???
Yeh, multiple people have recieved letters demanding explaining of transactions.
One person got a letter which made it to National news in which he got asked to explain what services he got in return for an outgoing euro 4k to a supermarket and to show reciepts🤣.
Same guy got another letter asking for explanation of a 20k tx to another bank which was also on his own name😅.
P2P exchanges are the way.
Unfortunately new users are sceptics..
Unboarding needs to be simple and fast.
More tutorials from #[2]
At the end of the day, it all relates to privacy. Even old bitcoiners in my network, with reasonable size, don’t care..
#bitcoin will become the true bank now. Bitcoin is the only bank we need. Glad this happened!
P2P markets are great, just the fiat clearing side is such a ball ache
