The point is not to utilize it as a bank.
When needing an exchange, it's best to opt for those that do have cold wallets.
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The point is not to utilize it as a bank.
When needing an exchange, it's best to opt for those that do have cold wallets.
I burn in many exchanges(cryptorush, cryptsy, wex), which promise me how the system is great and secure. But its foolish post that into bitcoin tag and go against its philosophy.
You can hold the disregard you have for exchanges but, without them, acquiring coins without mining or tokens post-ICO would be an extremely difficult task.
The next era of tokens, STOs, is on the horizon, and exchanges will play an even bigger role in it.
Also, your own actions go against your beliefs. You purchased STEEM via exchanges.