I've said before that I think exchanges engage in fractiona…
I've said before that I think exchanges engage in fractional reserve. What many of us don't understand is that effectively inflates the supply and lowers the value of our assets. If you're keeping your Bitcoin on exchanges, you're a part of the problem.
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It definitely perverts the ability to find true market value and eventually hurts the image of assets as it crumbles beneath un-sustainability.