Broke: Transfer $1000US to exchange. Wait 3 days. Buy. Sell. Want to buy another coin. Need a new exchange. Withdraw. Wait 3 days. Send to new
exchange. Wait 3 days. Buy new coin. Pay income tax. Send passport photos to anonymous stranger.
Woke: Transfer $1000US to exchange. Wait 2 days. Buy tether. Buy sell wrapped instruments on different chains using smart contracts NOT exchanges. Never wait for traditional finance. No KYC from strangers in foreign places. No income tax!
Broke: Transfer $1000US to exchange. Wait 3 days. Buy. Sell. Want to buy another coin. Need a new exchange. Withdraw. Wait 3 days. Send to new exchange. Wait 3 days. Buy new coin. Pay income tax. Send passport photos to anonymous stranger.
Woke: Transfer $1000US to exchange. Wait 2 days. Buy tether. Buy sell wrapped instruments on different chains using smart contracts NOT exchanges. Never wait for traditional finance. No KYC from strangers in foreign places. No income tax!
Satire some, but true.
TLDR: Smoother gambling.