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Comment by jonpaul | Hacker News Reader

I'm the CEO of Exodus (https://www.exodus.io - mentioned in the article). In many regions, we're currently more popular than the bible: https://www.google.com/search?q=exodus

Exodus is a non-custodial self-hosted wallet. This means that you have access to the funds and only you have access. We don't have access nor do we see your activity.

Betteridge's law of headlines applies here... i.e. no, the government is not banning crypto wallets.

I'm biased, but this regulation will be worse for exchanges. Each customer will likely have to take onerous actions to withdrawal their funds. This will further bifurcate centralized custodial exchanges and non-custodial decentralized products like wallets and DeFi.

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> we're currently more popular than the bible

You have a better Google results position for one URL (that you've paid lots of money for).

The bible still outranks you for every other result on the first page (Exodus wallet isn't until page 2), and Google adds rich snippets for the definition of "exodus" and the Book of Exodus above the link to your homepage.

So I guess you're less interesting than a dictionary?

Where is the your company registered, what countries are the company's owners resident in, where do the majority of your employees reside?

We have two: one in the US and the other in Switzerland. ~1/3 are in the US.

> In many regions, we're currently more popular than the bible

Google searches tend to be contextualized and personalized, so i'm not sure if that's a universal statement - nonetheless, you seem to be the first result for me in an incognito window (although the knowledge panel does talk about the book of Exodus).

You say you don't collect transaction fees, but that you make a small amount of money off the spread. I'm confused, whats the difference between these two?

By "transactions fees", that's meant as a fee to the network. We don't make money off of that. We make money in the spread when you exchange.

So you are collecting transaction fees, just none of one particular type of transaction fee.

So by that logic, the airport Travelex that charges "no commission" but a 20% spread between the bid and the ask is also not charging transaction fees? I suspect cribbing from Travelex and calling it "no commission" is likely both more accurate, and probably more legal, but IANAL.

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