this post was submitted on 05 Jun 2025
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Exchanges typically do this. Ironically its also harmful to the libertarian side if the movement. Keeps the coins use as speculation rather than currency, centralized since you are using a broker, and bonus is that it defeats anonymity as most brokers need to follow kyc laws.
Tho the real harm is the free market itself. No one cares about moving to it and the rampant scams deter mass adoption (even if people wanted). Neat microcosm of libertarian ideals.