How would crypto fare without centralized exchanges? - page 4.

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Quote from: cryptoexchanger.org on April 06, 2022, 04:52:03 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Now DeFi projects are actively developing offering users new tools and opportunities.
It becomes more simple and comfortable to use different DeFi tools and products.

For DeFi liquidity is very important. It is necessary to constantly develop a project to offer tools that are really useful and necessary for people to increase the liquidity of DeFi.

tvplus006

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Quote from: justdimin on April 07, 2022, 02:09:37 AM

...What CEX has as an advantage is the fact that there is a company and owners that profit and then can use that profit to improve the website...

I believe that it is by this parameter that there is no difference between DEX and CEX, since behind each DEX there is a project team that works on the development and maintenance of a decentralized exchange. It is enough to recall such decentralized exchanges as 1inch, Uniswap and Pancakeswap, which regularly delight us with their updates.

Fivestar4everMVP

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Well, sorry to bust your bubble @op, centralized exchanges won't be banned, at least, not the big ones that comply with the laws of the land like binance, coinbase and the likes.
Government need money and more money, and even more money, and sometimes, they don't care how it comes, as long as the money is coming.
To be sincere with you, governments don't have a problem with crypto, why it seems they are so head bent on banning crypto is because they haven't figured a way to tax users yet, as soon as they figure out an effective way of taxing users and holders of crypto, you will see that all this threat and brouhaha of banning crypto will be a thing of the past, their major anger right now is that citizens are moving their fund to crypto to invade tax, once the government of the world figure out a way to effectively tax crypto holders and crypto business owners (this includes centralized exchanges), you will see that crypto will be made legal in many (if not all) countries of the world.

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Quote from: tvplus006 on April 06, 2022, 03:02:54 AM

Quote from: federalmoney_official on April 02, 2022, 07:01:36 PM

Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges.
Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.

Despite the fact that decentralized exchanges are developing very quickly and introducing a set of services that were previously inherent only for centralized exchanges, they are still inferior to CEX. But the advantages of decentralization offset such disadvantages and, accordingly, the future belongs to DEX.

The sad part about it is that DEX projects are developed quickly but never really take off and be consistent. I mean in the defi world we had so much more money and these days we do not have the same amount of money, this should be proof that it is not a long term profitable thing. What CEX has as an advantage is the fact that there is a company and owners that profit and then can use that profit to improve the website.

Binance may not be even making any "profit" right now, the way they spend their revenue like crazy, I am not so sure if they have any money that they have to pay taxes for. This advantage keeps them going, but the DEX ones we see end up releasing, promoting, and then just... there.

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Quote from: CaVO32 on March 28, 2022, 05:37:02 PM

Quote from: Xal0lex on March 28, 2022, 03:38:33 PM

Quote from: Abiky on March 18, 2022, 12:18:29 PM

What are your thoughts? Huh

This is unlikely to happen. It makes more sense to ban cryptocurrencies themselves than centralized exchanges. Imagine a situation where the government saw a threat in food products and banned stores that sell those products. Why? Wouldn't it be easier to ban the food itself? With the level of legalization of cryptocurrencies and the acceptance of cryptocurrency in general, a move like a complete ban on exchanges would be extremely illogical. After all, if you ban exchanges, there will be other ways to sell cryptocurrencies, and decentralized exchanges can also be banned, because they also act under someone else's jurisdiction.

In simple words, banning centralized exchanges is slightly less stupid than banning bitcoin. There is already too much money involved in the industry and too much infrastructure built for governments to take such stupid steps.

You have good logic about this case. Why not ban the usage of crypto itself if they will ban the platforms that are utilizing it? So nope, I am not seeing this happening. A lot of countries are already changing their stance towards crypto because even if they don't participate in this market, this continues to thrive. And they are already seeing it at a global scale. So why ban it if they can generate money from this industry?

I strongly agree with your opinion, already after the huge support from various governments to accept the use of digital currency, how can we think about banning it again. I think cryptocurrencies are becoming more widespread and centralized exchanges are starting to expand their influence by acquiring licenses from different governments around the world and including more users!!!!I don't think we will see a ban on central exchanges so rest assured

cryptoexchanger.org

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Quote from: Bertyda on April 05, 2022, 05:51:39 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

People must be sure that their funds are kept in a safe place. The accounts on centralize exchanges can be blocked or banned. That is why many people prefer to use DeFi products and their adoption grows.

Now DeFi projects are actively developing offering users new tools and opportunities.
It becomes more simple and comfortable to use different DeFi tools and products.

tvplus006

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Quote from: federalmoney_official on April 02, 2022, 07:01:36 PM

Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges.
Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.

Despite the fact that decentralized exchanges are developing very quickly and introducing a set of services that were previously inherent only for centralized exchanges, they are still inferior to CEX. But the advantages of decentralization offset such disadvantages and, accordingly, the future belongs to DEX.

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the first most likely to happen is a massive dump. when most countries ban CEX, or crypto, it will make investors panic, and immediately sell their assets. most likely it happened because we could learn from China a few years ago. even 1 country can make bitcoin and altcoin prices fall. it will be even worse, if many countries simultaneously make crypto 'illegal'. some people might just stick with it, and use a DEX or other exchange. however, when crypto is deemed illegal, it will limit the movement of people, and when that announcement happens, I'm pretty sure there will be regulations regarding penalties for that, so I think a lot of people will leave crypto, especially if their knowledge is just an investment.

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Quote from: Bertyda on April 05, 2022, 05:51:39 PM

Quote from: Poker_Faces on April 04, 2022, 05:56:26 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

The more popular the DeFi exchanges the more people use them. So the liquidity of DeFi exchanges grows and they are albe to win competition with centralize exchanges.

People must be sure that their funds are kept in a safe place. The accounts on centralize exchanges can be blocked or banned. That is why many people prefer to use DeFi products and their adoption grows.

Yes, we could see the volume on here.
https://www.theblockcrypto.com/data/decentralized-finance/dex-non-custodial

So the trend did really make out some effects in terms of volume
but lets just accept the fact that it couldnt still beat up CEX when it comes to that.

Why? As long it doesnt really involved fiat conversions then it would really be staying below CEX.

Bertyda

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Quote from: Poker_Faces on April 04, 2022, 05:56:26 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

The more popular the DeFi exchanges the more people use them. So the liquidity of DeFi exchanges grows and they are albe to win competition with centralize exchanges.

People must be sure that their funds are kept in a safe place. The accounts on centralize exchanges can be blocked or banned. That is why many people prefer to use DeFi products and their adoption grows.

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Quote from: KennyR on April 04, 2022, 06:26:26 PM

Yes, to reach on a common currency for the entire world won't happen. This is all because of the difference in the economies and countries won't destuct their own sovereignty. With cryptocurrency too the same is happening, the gold standard is the only thing that is being commonly followed by the countries. Maybe something similar to gold standard out of bitcoin might interest governments, but the volatility won't let it happen.

As far as I remember, the gold standard is no longer used, the last talks about its return were back in 2007, but the idea was not supported.

As for cryptocurrencies, there could be an interesting trend of using bitcoin as a gold standard for stablcocoins, as LUNA recently did with its UST stablcocoin. It's no secret that centralized, dollar-backed stablenecoins have a number of drawbacks, e.g. not all tokens are backed by real dollars. Most coins are backed by all sorts of securities and other similar assets.

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Quote from: Argoo on March 31, 2022, 01:25:49 PM

Of course, the relationship between states and cryptocurrencies will constantly change. The great popularity of cryptocurrency among the population of almost all states is a good guarantee that civilized countries will not prohibit the use of cryptocurrency. But the conditions of her walking will change until the optimal middle is established.

Cryptocurrency exchanges will be forced to work on the terms of the states at the place of their registration and location. Many discussed the fact that Binance refused to block Russian accounts. Now the head of one of the pro-Russian parties in Ukraine, Shariy, complains that, at the request of Ukraine, Binance blocked his cryptocurrency on this exchange. At the same time, the exchange provided Ukraine with all the information about itself, including all codes for managing cryptocurrency.

Crypto may not reach a level where it's completely prohibited to use it, but it'll be extremely regulated that only a few will find it attractive as a long-term investment. Governments are smart, as they bring "obstacles" or "bottlenecks" to the crypto industry for people to have no reason to abandon Fiat altogether. Without centralized exchanges, I don't think crypto would've reached massive adoption worldwide. I'm pretty sure crypto would've been "illegal" if only decentralized exchanges were in existence. At least, crypto is too big too fail. Who knows if it lives alongside Fiat for generations? Just my opinion

KennyR

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Quote from: Xal0lex on March 31, 2022, 02:57:29 PM

Quote from: Abiky on March 30, 2022, 08:33:38 PM

Quote from: Xal0lex on March 29, 2022, 04:34:38 PM

Of course, there is no 100% guarantee that this will not happen, but I am sure that if major countries block exchanges and cryptocurrency, following the example of China, these exchanges will simply open under new jurisdictions and continue to operate. It is impossible that absolutely the whole world is against cryptocurrencies. Cryptocurrencies are a business and it is bound to benefit someone in this world. The crypto industry is mobile. Remember how miners simply changed their location after the ban, the same will happen to exchanges. Yes, the market will be shaken by such bans, but after exchanges reopen in other places, the market will start to recover, just like the hash rate recovered after the Chinese ban. It is impossible to ban cryptocurrency completely.

If governments unanimously rely on a "One World Currency", then it's probable they will ban crypto altogether. But it's very unlikely we'll ever see such a unified currency, since countries can't reach a common agreement. As long as this is the case, it will be impossible to ban crypto for good. Even if they did, crypto will still survive thanks to its decentralized and censorship-resistant design. Centralized exchanges only constitute a small portion of the crypto ecosystem, as the rest is dominated by miners, stakers, and even decentralized exchanges themselves.

What matters here is decentralization. With it, crypto will be able to stand the test of time regardless of a government crackdown or ban. Who knows if crypto lives alongside Fiat for generations? Just my opinion

It is unlikely that the world would use anything uniform, there have always been discrepancies. I don't remember a time when the whole world used any particular standard or measure of measurement. Likewise with the attitude towards cryptocurrencies. Someone will not support the majority in any outcome. We will never see a single cryptocurrency solution and we will never see a single cryptocurrency for everyone.

Yes, to reach on a common currency for the entire world won't happen. This is all because of the difference in the economies and countries won't destuct their own sovereignty. With cryptocurrency too the same is happening, the gold standard is the only thing that is being commonly followed by the countries. Maybe something similar to gold standard out of bitcoin might interest governments, but the volatility won't let it happen.

Poker_Faces

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Quote from: i8v8i on April 03, 2022, 02:42:58 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

DeFi tools are actively developing offering people more opportunities to earn money and different financial services.
Noq DeFi exchanges offers a big competition to centralize exchanges. And DeFi exchanges started to win in such competition.

The more popular the DeFi exchanges the more people use them. So the liquidity of DeFi exchanges grows and they are albe to win competition with centralize exchanges.

i8v8i

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Quote from: DeFi Doge on April 03, 2022, 01:24:06 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

DeFi projects now actively developing and offering more and more useful tools.
It becomes more secure and more simple to use DeFi. Also DeFi offer many opportunities to earn money.

DeFi tools are actively developing offering people more opportunities to earn money and different financial services.
Noq DeFi exchanges offers a big competition to centralize exchanges. And DeFi exchanges started to win in such competition.

DeFi Doge

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Quote from: federalmoney_official on April 02, 2022, 07:01:36 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges.
Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.

DeFi projects now actively developing and offering more and more useful tools.
It becomes more secure and more simple to use DeFi. Also DeFi offer many opportunities to earn money.

Coin BTC

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Quote from: federalmoney_official on April 02, 2022, 07:01:36 PM

Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges.
Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.

Of course, it is better to use decentralized exchanges than centralized exchanges, because many investors use decentralized exchanges, I also don't recommend for centralized exchanges, because I heard a lot of hackers doing hacks on such centralized exchanges.

federalmoney_official

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Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges.
Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.

purka5

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Quote from: Xal0lex on March 28, 2022, 03:38:33 PM

Quote from: Abiky on March 18, 2022, 12:18:29 PM

What are your thoughts? Huh

This is unlikely to happen. It makes more sense to ban cryptocurrencies themselves than centralized exchanges. Imagine a situation where the government saw a threat in food products and banned stores that sell those products. Why? Wouldn't it be easier to ban the food itself? With the level of legalization of cryptocurrencies and the acceptance of cryptocurrency in general, a move like a complete ban on exchanges would be extremely illogical. After all, if you ban exchanges, there will be other ways to sell cryptocurrencies, and decentralized exchanges can also be banned, because they also act under someone else's jurisdiction.

In simple words, banning centralized exchanges is slightly less stupid than banning bitcoin. There is already too much money involved in the industry and too much infrastructure built for governments to take such stupid steps.

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Xal0lex

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Quote from: Abiky on March 30, 2022, 08:33:38 PM

Quote from: Xal0lex on March 29, 2022, 04:34:38 PM

Of course, there is no 100% guarantee that this will not happen, but I am sure that if major countries block exchanges and cryptocurrency, following the example of China, these exchanges will simply open under new jurisdictions and continue to operate. It is impossible that absolutely the whole world is against cryptocurrencies. Cryptocurrencies are a business and it is bound to benefit someone in this world. The crypto industry is mobile. Remember how miners simply changed their location after the ban, the same will happen to exchanges. Yes, the market will be shaken by such bans, but after exchanges reopen in other places, the market will start to recover, just like the hash rate recovered after the Chinese ban. It is impossible to ban cryptocurrency completely.

If governments unanimously rely on a "One World Currency", then it's probable they will ban crypto altogether. But it's very unlikely we'll ever see such a unified currency, since countries can't reach a common agreement. As long as this is the case, it will be impossible to ban crypto for good. Even if they did, crypto will still survive thanks to its decentralized and censorship-resistant design. Centralized exchanges only constitute a small portion of the crypto ecosystem, as the rest is dominated by miners, stakers, and even decentralized exchanges themselves.

What matters here is decentralization. With it, crypto will be able to stand the test of time regardless of a government crackdown or ban. Who knows if crypto lives alongside Fiat for generations? Just my opinion

It is unlikely that the world would use anything uniform, there have always been discrepancies. I don't remember a time when the whole world used any particular standard or measure of measurement. Likewise with the attitude towards cryptocurrencies. Someone will not support the majority in any outcome. We will never see a single cryptocurrency solution and we will never see a single cryptocurrency for everyone.

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