![Giacomo Zucco [I identify as a -e^iπ vampire]](https://pbs.twimg.com/profile_images/1172971162919415813/Pn8O2gkx_normal.jpg)
Terrible!
Freezing at more than 1 deep would violate Bitcoin as a cryptocurrency, i.e. that it should act like fungible money: http://unenumerated.blogspot.com/2006/01/from-contracts-to-money.html …https://twitter.com/ultimape/status/786005751760166912 …
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[1] The network will route around failures. Centralized exchanges are such failures.
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[3] So only decentralized will remain. Good for Bitcoin, good for those who care about privacy and fungibility.
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@ultimape When they shut down your account they usually still allow you to withdraw.Thanks. Twitter will use this to make your timeline better. UndoUndo
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[2] Banks will replace centralized exchanges with a little help from their friends (EU commisson, EU banking authority)
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