How you can say that? | Bitcointalksearch.org

Rosilito

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Wish for the rain? Then deal with the mud too.

Quote from: Velkro on November 25, 2019, 07:15:37 AM

Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

Bitcoin is first decentralized asset in finance history, everything else is centralized so how people can avoid centralizaton? They cant yet.
There would need to be more decentralized services around bitcoin (there are projects already) and people willing to use them.
We will see how it will go, centralization isn't always bad.

I agree, however the OP perceived that when someone got in trouble in such centralized exchange then they are going to blame the platform.

Anyway, going back to the problem. As we see popular platforms such as Binance seems formidable, and totally away from any troublesome events, which in fact newbies or more like people who are dependent on some things would easily fall to, and will rather rely in it. Though those people (not sure) prior to using the platform they have to agree with terms and conditions (wherein nobody reads). Such cycle has to be corrected which the OP was trying to address, but the problem is, it is seems impossible because even though we let our advice go around, few people are going to pay some time attention, and in addition few are going to imbibe the essence of it.

pragna

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

yes you are right here. Many people buy BTC local market without any centralized platforms. Maximum time its causes problem and total impact goes to centralized problem as usual as market. Every investor should buy it from actual platform so that all will be gainer.

Xxmodded

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Quote from: Lauren Smith on November 30, 2019, 06:58:23 PM

I don't buy my crypto. I earn it with referrals and other methods. So i don't use cards as you say. I do not use a centralized exchange either. I hate centralization. I do see your point seeing as bot everyone is kike me and some people go the centralized root. I think these are people that shouldnt use crypto. They not really enthusiasts they just want to increase their $$

You are looking free way to get bitcoin and altcoin? good ideas where is many people invest with bitcoin and altcoin you have free way to get it, I get bitcoin from joining bounty campaign and use for investing with altcoin and ICO, but I lost when investing with scam altcoin or ICO have lower price after listing on exchange market.

hatshepsut93

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization.

See, this is where your thinking is wrong, you think that crypto enthusiasts = crypto traders, but they aren't necessarily the same. Crypto traders are here just for the profits, they might think that they support decentralization and stuff, but in truth they don't care about it much. Crypto enthusiasts, on the other hand, don't care much about trading and price, they care about using crypto in their everyday life or for some new and interesting projects.

Lauren Smith

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I don't buy my crypto. I earn it with referrals and other methods. So i don't use cards as you say. I do not use a centralized exchange either. I hate centralization. I do see your point seeing as bot everyone is kike me and some people go the centralized root. I think these are people that shouldnt use crypto. They not really enthusiasts they just want to increase their $$

libert19

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We don't have 'decentralized' approach to convert fiat to crypto, do we? So we use what we have. However, I do agree people putting their crypto to centralized exchanges, and when they lose it they blame the 'centralization', here it's their mistake in the first place.

annylawrence

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for now, centralization is still dominating, and we should really have ourself blamed for that and not centralized exchanges because the power to choose between centralization and decentralization lies with us, so if anything goes wrongs with the way that we handle things on cryptocurrency transactions, I think that we should all be blamed for it, I mean those of us who are fully loving on centralization.

The main intention of the one that created cryptocurrency was to create a decentralized platform which made him to create bitcoin, but we user are the ones not utilizing the full power of the decentralized nature of bitcoin, and we started from the moment we were all embracing all these centralized exchanges rather than making use if decentralized exchanges.

rmhuntley

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HALA MADRID

Quote from: Deathwing on November 25, 2019, 06:50:39 AM

Not all people do this, there are people who use LocalBitcoins or similar sites to find people, trade cash with that person and buy Bitcoin in exchange, which is, in fact, a Peer-to-Peer exchange with no centralization whatsoever. It's just the overall accessibility that makes people utilize "centralized" exchanges.

I agree what you are saying, not everyone does. Most investors buy peer to peer crypto in exchange without being centralized.

daarul50

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Quote from: Velkro on November 25, 2019, 07:15:37 AM

Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

Bitcoin is first decentralized asset in finance history, everything else is centralized so how people can avoid centralizaton? They cant yet.
There would need to be more decentralized services around bitcoin (there are projects already) and people willing to use them.
We will see how it will go, centralization isn't always bad.

+1

if you people expecting to go full straight decentralized in a world that has been exist with centralized system for centuries then you are dreaming , you can not replace something that been established for long time with a new one in a blink of an eye.

we still need those centralized services as the crypto ecosystem itself has not established widely yet.
it takes time , a really long time.

uneng

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Quote from: gabmen on November 28, 2019, 03:52:39 AM

Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

An extremist then are we? 😁 you know most of us don't even think about that anymore. People do what's beneficial for them or what makes money. Right now, few cares about what they're using being decentralized or not. It helps them. It meets their needs. That's all there is to it. Crypto was meant to be decentralized but it also needs to adapt to the current situations.

Yes. Furthermore we live in communities where we need to follow rules, regulations, being impossible to live in a decentralized way according to these laws. In the end you always need to convert bitcoin into fiat to buy things and to report your gains to local authorities.
Maybe just a few excentric people can live in that decentralized way.

Getmon

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

And because actions speak much louder than words, we could say that these people are not really fully supportive of decentralization. But can we blame them? The easiest and most convenient way to purchase Bitcoin right now is to go through centralized exchanges and other centralized sites selling Bitcoin with their centralized cards. And the easiest and most convenient way to trade their crypto is through centralized exchanges with large volume. I guess convenience and ease are the priority this time.

gabmen

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

An extremist then are we? 😁 you know most of us don't even think about that anymore. People do what's beneficial for them or what makes money. Right now, few cares about what they're using being decentralized or not. It helps them. It meets their needs. That's all there is to it. Crypto was meant to be decentralized but it also needs to adapt to the current situations.

redsun114

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

Not each of the crypto enthusiast would but bitcoins with the centralized debit/credit card. There have been introduced a number of platforms where bitcoins can be bought without involving the centralized party. This makes the transactions smoother and occur without any problem. Bitcoins are decentralized but the world is not decentralized yet so even though you take care of these simple things, you might involve the centralized party into your transactions.

Also about which problem are you mentioning here? Does that problem include hacked/lost bitcoins or anything related to the governments taxation?

Centralized means involving a third party into the transaction for example the government. And usually in the centralized transactions the funds are not mostly lost or hacked because the third party has an eye onto your transactions which similarly gets to happen with fiat.

o_e_l_e_o

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Quote from: romero121 on November 25, 2019, 09:09:01 PM

Quote from: aardvark15 on November 25, 2019, 08:38:38 PM

Miners get Bitcoin without buying but there aren’t many other ways to obtain them until decentralized exchanges go live.

Apart from this if you want to buy you need to purchase gift cards and further you can buy bitcoin in exchange for gift cards.

This is all complete nonsense. It is perfectly possible, and indeed quite easy, to buy bitcoin using cash, an anonymous money order, Western Union anonymous cash deposits, or similar. This is only becoming easier with DEXs such as BISQ, which accepts all these methods, will find you a seller, escrow the bitcoin, and resolve any disputes.

I have never completed KYC on any cryptocurrency related service, and I have never used any traceable form of fiat (credit card, bank transfer, paypal, etc.) to buy bitcoin.

Quote from: Youghoor on November 25, 2019, 11:43:33 PM

A lot believe that you can easily get scammed on decentralized platforms rather than centralized crypto platforms.

I have made many trades on BISQ and never once had any issues whatsoever. Conversely, you can search online and find a multitude of users complaining about a multitude of issues regarding centralized exchanges, from accounts being locked to coins disappearing, from withdrawals not being processed to accounts being hacked.

Wintersoldier

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In the first place, the party that has a problem is the centralized exchange, then there's no reason why people who uses it blames them. If they don't want to be under the regulation of a particular centralized exchange, then they should try to find dex, but in this case, if problem persists, you cannot blame the dex but blame yourself how your funds got hacked or stolen. In comparison to Centralized exchange, they have support so you can ask and seek help from them.

mk4

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Quote from: jseverson on November 25, 2019, 11:33:29 PM

Yeah, it's a chicken and egg problem. Low liquidity is a result of a lack of users, which probably has a lot to do with low liquidity. I wish it was as simple as dropping centralized exchanges, but they're so much better in terms of user experience that switching really isn't a viable option for most people -- it's not like centralized vs. decentralized is the only factor people take into consideration when using an exchange. But hey, maybe a good DEX that people actually want to use will pop up in the future.

Exactly. People need to understand that some(or probably most?) people aren't really willing to do a recovery seed backup with their "DEX" wallets, heck, I'm going to bet that most don't even use non-custodial wallets! I don't think there's any other way to get people to these so called "DEXs" unless their ease-of-use gets better significantly.

Youghoor

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

Personally, I see it that people find it much easier to obtain cryptocurrencies from centralized platforms since they are always assured that they will definitely obtain their crypto coins with less or no complications. Buying cryptocurrencies with a physical fiat on decentralized platform might look a bit risky to some people since no one is in charge of how the transactions are done. A lot believe that you can easily get scammed on decentralized platforms rather than centralized crypto platforms.

jseverson

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Quote from: minersday on November 25, 2019, 10:55:46 PM

What exactly are you telling to share with this post?

He's basically saying a lot of Bitcoiners are hypocrites for celebrating decentralization all the while opting for centralized services when there are decentralized alternatives.

Quote from: mk4 on November 25, 2019, 09:28:03 PM

2. Yes. I'm definitely not saying that "DEXs" will not have usage in the future. My point is, it has very low liquidity right now hence only a very small minority of traders are using them.

Yeah, it's a chicken and egg problem. Low liquidity is a result of a lack of users, which probably has a lot to do with low liquidity. I wish it was as simple as dropping centralized exchanges, but they're so much better in terms of user experience that switching really isn't a viable option for most people -- it's not like centralized vs. decentralized is the only factor people take into consideration when using an exchange. But hey, maybe a good DEX that people actually want to use will pop up in the future.

CryptoBry

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Quote from: HammadAli on November 25, 2019, 06:46:09 AM

Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization? Huh

? You prove your words wrong with your acts.

I am wondering of the same question. There is a great disconnect in here or a great barrier that should have been surmounted years ago. Unfortunately, that is not what happened as centralized platforms with good marketing campaigns and much better offers in terms of incentives are reigning over the cryptocurrency market. So let's maybe analyze why this has happened, what are the reasons why people still prefer by the droves to use centralized platforms and what the reasons why decentralized counterparts are not getting attractive to these people. Once we have those answers then maybe we can see and plan how to change the balance towards the adoption of centralized platforms.

cotton ball

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Quote from: Deathwing on November 25, 2019, 06:50:39 AM

Not all people do this, there are people who use LocalBitcoins or similar sites to find people, trade cash with that person and buy Bitcoin in exchange, which is, in fact, a Peer-to-Peer exchange with no centralization whatsoever. It's just the overall accessibility that makes people utilize "centralized" exchanges.

Many people buy bitcoin on their local exchange market have good quality for deposit and withdraw, many countries have own local exchange market where support deposit cash money to buy bitcoin and sell bitcoin there for withdraw to local bank, many people very easy when start investing with bitcoin or altcoin because with service by local exchange market giving way to withdraw and deposit.

Topic: How you can say that? (Read 511 times)