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Centralized Exchange Regulation is a Public Good in the Long Run
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Individuals doing their own research and taking responsibility for their own decisions is integral to investing successfully. Making it as easy as possible for anyone to access real investment opportunities with as little friction as possible is a good thing.

However, most crypto exchanges are mostly cess pools of garbage projects. The reality is that most investors research is limited to consuming promotional material. Getting listed on major exchanges gives the coin a perceived legitimacy in the minds of many buyers. Issuers and exchange operators don't give customers the full disclosures that they ought to. They probably trade against and front run their retail clients.

If at the end of the process we see only actually legitimate projects with full disclosures for sale through centralized exchanges then the whole industry will be better off. This is like an awkward teenage growth phase that the industry needs to pass through to become mature.

Public Good - A benefit to all dotsama token holders.

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Lucky Duck

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Posted
1 year ago