Is that not enough grounds in itself though? If power is continually spoon fed to them in comparison to a stand that collapses their empire (and unfortunately those who do not exit in time) then is that not worth it in comparison to eventually, they are hacked or they run off with 100% of what they hold at that time?
I do definitely see your point too don't worry. If a very successful boycott occurred, there is not really much stopping them from just pulling the rug for the reason that there is a boycott going on and would probably result in loss.
After watching all of the posts here, it is a very intriguing prospect to form some sort of a campaign, for fun and for the serious attempt at shifting people away from CEXs. Right now, it is not the time and nor do I have the time...but maybe one day
Thank you all for posting everyone. There have been some awesome replies here. I do hope to reply to most people/everyone individually when I have some time one day!
The FTX collapse wasn't enough to warn people to boycott CEX. The popularity of Binance is an uphill battle for those who are not aware of what is happening. Coinbase, Kraken, or OKX has money to promote themselves to a wider audience.
Every bear market will just have to come with a disaster made by CEX making investors pay the price first before they learn how faulty the centralized exchanges are. One day, these CEX could just cancel/suspend accounts since they have the KYC data.