Balaji Srinivasan, the ex-Coinbase CTO, recently proposed his list of 'Bitcoin P2P Backup'. He explained that these services, which allow peer-to-peer Bitcoin (BTC) trading without using a centralized service, are crucial to oppose anti-crypto regulations imposed by governments globally. Srinivasan's list consisted of five services initially created by Foundation Devices: AgoraDesk, Hodl Hodl, RoboSats, Peach Bitcoin and Bisq.

AgoraDesk is a U.S.-based platform offering trading with Bitcoin (BTC) and Monero (XMR). Hodl Hodl is a Bitcoin (BTC) peer-to-peer exchange incorporated on the Marshall Islands. Peach Bitcoin is a non-conventional KYC-free wallet with a P2P trading function and has mobile applications for both iOS and Android users. Bisq is a Bitcoin (BTC) trading service governed by a decentralized autonomous organization, which is non-custodial and 100% private. Lastly, RoboSats is focused on the utmost privacy during trading, allowing users to pay with Bitcoin Lightning.

Srinivasan recognizes that P2P exchanges lack the capacity for large coin trades and encourages states to adopt Bitcoin (BTC) as El Salvador has done. He suggests having multiple backup plans in case anti-crypto regulations prevent access to large exchanges.

Additionally, Srinivasan mentioned his $2 million USDC bet with humorous tweeter James Medlock which states that Bitcoin (BTC) must hit $1 million by mid-June 2023. He's now seeking an 'eligible contract participant' with over $10 million in assets and has invited tech entrepreneur and philanthropist, Dustin Moskovitz, to become the counterparty in the bet.

All in all, by pointing out alternative coin trading services in case of a blockade, Srinivasan is demonstrating his commitment in protecting crypto users and investors from the global tightening of rules for digital currency adoption. The list of peer-to-peer exchanges does not only assert users rights to access Bitcoin (BTC) trading services, but also acts as a proactive approach against restrictions. Meanwhile, the bet between Srinivasan and Medlock serves as a bold bet of faith in the future of the first cryptocurrency.



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