The reasoning is this:
- Jack Dorsey, the owner of cash app is a bitcoin maximalist, and I genuinely believe that he acts with bitcoin's best interests at heart.
- Cash app only allows for buying and selling of bitcoin (and not altcoins)
The problem with other exchanges is that they don't act with bitcoin's best interest at heart. They allow altcoins to pay to be put on their exchanges, even low quality ones. This siphon funds from bitcoin and when they are exposed as scams and crashed, smears Bitcoin's reputation.
So why help these exchanges that don't act with our best interests at heart? We are providing them with fees and perhaps more importantly, liquidity, which is key to many large investors when choosing an exchange.
Consider advocate for cash app if you're bitcoin maximalist!
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