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The group responsible is “Collective Shout”, the same org has targeted Steam before.

There are calls on social media now to contact Mastercard, Visa and co. and file complaints.

  • ipitcoEnglish
    1·
    2 months ago

    If exchanges close, websites stop accepting them, and you can’t withdraw to fiat

    Regulation can easily kill most of the cryptocurrency market

    Trading on non CEX is a massive pain as well

    Storing for long time on cold wallets makes you vulnerable to volatility, which isn’t good for high amounts. It’s essentially investing on a high risk asset.

    • hisao@ani.socialEnglish
      1·
      2 months ago

      If exchanges close, websites stop accepting them, and you can’t withdraw to fiat

      You can still trade with people directly on forums/chats, like before exchanges existed.

      Trading on non CEX is a massive pain as well

      Why?

      If exchanges close, websites stop accepting them, and you can’t withdraw to fiat

      Even in the worst case scenario there is a possibility of anonymous crypto-only exchanges on darknets.

      Storing for long time on cold wallets makes you vulnerable to volatility, which isn’t good for high amounts.

      Agree, long-term storage on external wallet isn’t a good suggestion.

      • ipitcoEnglish
        1·
        2 months ago

        True, but then crypto only becomes useful for illegal transactions which isn’t what we want