The solution is obvious: Don't use exchanges.
We have to work towards circular bitcoin economies. Everything else is just noise.
The solution is obvious: Don't use exchanges.
We have to work towards circular bitcoin economies. Everything else is just noise.
Agreed. But not super practical today.
I think the current blocker is that most merchants don't accept yet. They (correctly) reason that they won't get new customers via accepting it
The (understandably) don't want the hassle of having to collect magical internet money and the hassle of converting it to fiat. That will slowly change as more normies, including merchants, realise how good it is.
In the meantime, all we can do is keep improving the technology for every part of the system, and educate more people about the number-go-up technology 😃, so that there is minimal friction as the normies gradually decide to get on board
We can also use P2P exchanges like Robosats. But the problem remains: If your bank sees that you are wiring and receiving money to/from strangers all over the country/continent, they will close your account, even if it's just lots of many small transactions.
Robosats is not a p2p exchange
There is a clear middleman who plays the same role as a middleman like coinbase or binance
Underground does not equal p2p
Normal people are confused about the changing address, too and prefer to stick to the old, tried and tested address. All the time after repeat complaints I have heard.