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RE: We Are Seeing The Dangers Of 3rd Party Counter Risk

in LeoFinance3 years ago

There's very little I trust in this world and even less I trust when it comes to dealings with other people and putting trust/faith/stock in them. Throw money in there and it's far less that I begin to trust anyone that isn't myself, to do dealings with my capital. Trust is the biggest issue with exchanges both DEX and CEX, unfortunately. We have to trust on so many factors just to be able to get through towards any sort of perceived positive motion in business and in life. Some things are far easier to trust than others, but I don't rank government and it's "regulations" nor any financial institution that has decided that institutionalization was necessary, nearly at fucking all. It's a hard sell for trust on me in the Crypto world, but I was reading the post you linked and I commented on it and all I had to say ultimately was that if we all lived in fear of these things, none of us would truly progress. I guess "progress" is my fun word for the day, as I've found myself using it back to back now multiple times. :P

Posts like this are solid reminders that we need to truly think, in-depth, about where our money/assets/important things to us are kept, how they are handled, and what that ultimately means for us when it comes to accessibility, ease-of-use, or just overall security and safety that we feel when it comes to their holding. Great post! :)