Cryptocurrency does not solve the problem of indirection, but equalizes the rules of the game

The CEO of the largest US crypto exchange Coinbase, Brian Armstrong, responded to a loud tweet from a co-authorDogecoin by Jackson Palmer, who recently wrote about the bleak prospects for Bitcoin and the entire crypto space.

Palmer, who in 2013 together with BillyMarkus has created a comic cryptocurrency Dogecoin (DOGE), claims that crypto assets are intended primarily to "increase the wealth of traditional business tycoons."

«Despite claims of “decentralization,”The cryptocurrency industry is controlled by a powerful cartel of wealthy individuals who have imported many of the tools of the existing centralized financial system that the industry supposedly intended to replace.

In response, Armstrong noted that the technology behind cryptocurrency expands access to opportunities and promotes the mobility of wealth.

«Cryptocurrency will not solve the problem of inequalitywelfare. It does not provide the same return for everyone. But it does create mobility of material wealth and greater equality of opportunity for everyone. It levels the playing field, at least to some extent.

The Coinbase CEO added that cryptocurrency is suitable for people with a libertarian outlook who prefer a free market economic system.

«If you think that governmentsolutions are often ineffective, unrealistic/fail to meet expectations and lead to unintended consequences, and that personal responsibility mixed with free markets will create better returns for everyone, then cryptocurrency is truly a much-needed breath of fresh air.”

Armstrong emphasized thatbitcoin has brought wealth to many people because it is not under the control of any government or regulatory body... According to Armstrong, government decisions, such as the investor law, are counterproductive and make it difficult to obtain wealth through investment.

«Accredited Investor Laws –a good example of this. They were created with the best intentions to protect ordinary people from being scammed - a noble idea. But what is the real result? Essentially, they made it illegal to get rich through investing unless you were already rich.

This is one of the reasons why Bitcoin has made so many people wealthy. It was not a security, so ordinary people could invest in it without any preparation.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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