Topic: Centralised Exchanges are the Biggest Enemies of Bitcoin - page 4. (Read 410 times)
We're simply not ready to stop using CEXs yet, as obviously bitcoin isn't adopted enough to be able to buy and sell(or convert) it easily to almost anyone. What we need right now to progress are non-custodial peer-to-peer exchanges with good UX.
I never find centralized exchanges a threat to bitcoin. Only through these exchanges the bitcoin market have grown to this level. I don't say decentralised exchanges are bad, but coinbase, kraiken, Binance and other centralized platforms gave the users the ease of access and trust. The freedom and being anonymous makes people prefer DEX. With Dex the fees were low compared to the centralized exchanges. Moreover such a massive usage of bitcoin and other cryptocurrencies could've never happened if these exchanges haven't existed.
On the other hand there is flaw with these centralized platforms. These platforms having the complete control over our funds is like having our funds in our banks. So, it is upto the users choice to pick the one that fulfill their need.
On the other hand there is flaw with these centralized platforms. These platforms having the complete control over our funds is like having our funds in our banks. So, it is upto the users choice to pick the one that fulfill their need.
The ideology behind crypto is freedom and liberty from the current government system(s) that are inherently wrong and elitist.
HOWEVER
Centralised exchanges such as Coinbase, Kraken and Binance take a noble idea of bringing Bitcoin to the masses and mock it by affiliating with governments (and governmental agencies) that the very concept of Bitcoin is designed to rebel against.
Big CEXs are killing the original bitcoin spirit by forcing users to pay tax on gains, freezing user's assets, preventing users from using their service depending on their IP and more.
This is horrible. This is not what bitcoin is. This is not freedom. This is not liberty.
Taxes contribute to the regimes that so many of us are against. How can we continue using companies whose values don't align with ours?
Taxes are theft and fund wars and needless bloodshed in countries such as Iraq, Afghanistan and more.
The solution is pretty clear: More projects need to be released that are focused on building sustainable decentralised solutions to enable users to trade and purchase bitcoin (and crypto in general). Right now the main areas of focus need to be security and simple UI/UX interfaces.
And we need to stop using CEX and funding what we are all against.
HOWEVER
Centralised exchanges such as Coinbase, Kraken and Binance take a noble idea of bringing Bitcoin to the masses and mock it by affiliating with governments (and governmental agencies) that the very concept of Bitcoin is designed to rebel against.
Big CEXs are killing the original bitcoin spirit by forcing users to pay tax on gains, freezing user's assets, preventing users from using their service depending on their IP and more.
This is horrible. This is not what bitcoin is. This is not freedom. This is not liberty.
Taxes contribute to the regimes that so many of us are against. How can we continue using companies whose values don't align with ours?
Taxes are theft and fund wars and needless bloodshed in countries such as Iraq, Afghanistan and more.
The solution is pretty clear: More projects need to be released that are focused on building sustainable decentralised solutions to enable users to trade and purchase bitcoin (and crypto in general). Right now the main areas of focus need to be security and simple UI/UX interfaces.
And we need to stop using CEX and funding what we are all against.
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