How you can say that? - page 2. | Bitcointalksearch.org

minersday

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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.

What exactly are you telling to share with this post? Personally, I don't really understand what exactly you want to put across with this your post. Are you trying to say that Crypto enthusiasts describe cryptocurrency as a decentralized entity which operates on a decentralized platform and blockchain network but yet they obtain it from centralized platforms and also trade them on centralized exchange platforms ? Please help me understand this post of yours...

mk4

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Quote from: HammadAli on November 25, 2019, 11:50:44 AM

1. Why decentralized exchanges do not go for coin?
2. Liquidity comes with more users and there was a time when these centralized exchanges did not had that much users as they have today.

1. Ask them. I personally don't run a "DEX". 🤷
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.

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

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.

Unfortunately it’s difficult to buy Bitcoins without using a centralized exchange at the moment. 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. For this you need to find the person who prefer to do it. This is difficult as you can't buy when you want. As stated miners were the only people who receive it without buying.

Until we use fiat we're not going to get into pure state of decentralization. This means the dependence over centralized exchanges and centralized platform will continue for longer time. Maybe in future we can experience better way of decentralized usage of bitcoin buying.

aardvark15

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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.

Unfortunately it’s difficult to buy Bitcoins without using a centralized exchange at the moment. Miners get Bitcoin without buying but there aren’t many other ways to obtain them until decentralized exchanges go live.

Kyraishi

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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 mean - how are you going to expect people to buy BTC with, a lot of them will use cards and wire transfers, and centralized payment methods, but not everyone is going to be smart or bother using services like localbitcoins, or meeting up and buying bitcoins for cash.

It doesn't matter how they got to their point (which is decentralization here), it matters that they ended up with bitcoin here.

No one in the world is going to be able to live a fruitful life if they don't accept some sort of centralization, nothing can be truly decentralized.

edna67

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I don't know how influencers work with their crypto, but as for me I use DEXes only. As for exchanging crypto/fiat we just don't have an oppotunity to make it without centralized institutions. Well, you can buy with shady exchanges, but it's not a reliable way.

xiboothrezi

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Quote from: rijaljun on November 25, 2019, 07:31:19 AM

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

~

Do you mean many people talking about decentralization but still using lots of centralized product? Honestly, I feel it is a bit shameful but nothing could be perfect and completed in short-time. Centralized product like exchange is doing its role to help common people know and use crypto (even though they will only use it for trading) and I am very sure there will be a transition time, that will replace centralized products with the decentralized one, slightly.

A very wise opinion. I strongly agree, even though this is not something that can happen perfectly in a short time, it needs adjustments until everything is completely fulfilled. Doesn't evolution also take a long time?
This is the choice of each, DCE does not require intermediaries so we have full rights and privacy is maintained, and often we need CCE to exchange it fiat. Or use another compatible platform. The most important thing is that we can enjoy this facility to the maximum.

youdacapt

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fiat / crypto transactions are still valid in a formal and centralized measure, we cannot deny that they provide convenience and form of communication accountability when problems occur. if this topic encourages the use of dex as a purely decentralized force, this is also not very appropriate due to the low level of comfort provided, many people still entrust large money to trade in the central market due to the influence of volume that will never move to dex.

DreamStage

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The network is decentralized, exchangers aren't that's the simple fact you need to understand.

You can have your bitcoins moved from 1 address to another whenever you have, feel and want to.
In any place, country, continent you can do such stuff because there is no individual control over your coins.

Unless you want to use a specific exchanger company in which you need to trade your virtual money for fiat.
Sure if there are errors with your exchangers you will face the consequences which btw you have agreed with at first place Wink

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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.

Decentralized market is independent way of operating payment resources without any interuption so please look for decentralized cryptocurrencies for investment and always avoid the centralized cryptos.
Because it is completely useful for the banks only not useful for the public people.

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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.

Localbitcoin is one of the best and most secure site for converting fiat to crypto and vice versa I have been using it for over 4 years but yet to face any hassle but there are some traders who requests for a copy of government ID cards when we question them they say they have been instructed by government to collect these details. Not sure if they are recording our transactions or it's just the traders who are doing data theft because not everyone asks for it except few.

Gotumoot

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Quote from: HammadAli on November 25, 2019, 07:44:50 AM

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.

There ar exchanges like ddex, idex and bancor etc. Why crypto enthusiast do not go to those places and leave binance etc.
This is a genuine thing.

There are decentralized exchanges, forkdelta, etherdelta. And since people won't leave the centralized exchange it is because they work easier here, buy and sell and convert crypto to cash. Therefore, decentralized exchanges are no longer viable because volumes are low so trade is difficult.

HammadAli

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Quote from: mk4 on November 25, 2019, 07:57:30 AM

Quote from: HammadAli on November 25, 2019, 07:44:50 AM

There ar exchanges like ddex, idex and bancor etc. Why crypto enthusiast do not go to those places and leave binance etc.
This is a genuine thing.

1. Most not-decentralized but non-custodian exchanges also known as"DEXs" mostly only supports ERC20 tokens.
2. "DEXs" have really really bad liquidity and really bad trading volume.

You have to understand that right now, we mostly need to go through centralized platforms to buy/sell coins in an easier manner. "DEXs" are simply not polished and ready for mass usage just yet.

1. Why decentralized exchanges do not go for coin?
2. Liquidity comes with more users and there was a time when these centralized exchanges did not had that much users as they have today.

mk4

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Quote from: HammadAli on November 25, 2019, 07:44:50 AM

There ar exchanges like ddex, idex and bancor etc. Why crypto enthusiast do not go to those places and leave binance etc.
This is a genuine thing.

1. Most not-decentralized but non-custodian exchanges also known as"DEXs" mostly only supports ERC20 tokens.
2. "DEXs" have really really bad liquidity and really bad trading volume.

You have to understand that right now, we mostly need to go through centralized platforms to buy/sell coins in an easier manner. "DEXs" are simply not polished and ready for mass usage just yet.

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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.

I work as a freelancer for my clients and get my payment in BTC, no middleman to eat part of my earnings. Not all people trade there BTC via central exchanges.

HammadAli

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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.

There ar exchanges like ddex, idex and bancor etc. Why crypto enthusiast do not go to those places and leave binance etc.
This is a genuine thing.

o_e_l_e_o

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Because everyone in the world (more or less) uses fiat, which is a centralized system. To transition to a new decentralized system, there needs to be an on ramp from the existing system. That on ramp comes in the form of centralized bank accounts and exchanges.

It had always been possible to trade peer to peer, and now that bitcoin is becoming more established, it is entirely possible to avoid all centralized entities when buying, trading, or selling. Many people still favor centralized exchanges, despite their plethora of risks and drawbacks, mainly because of ease, speed, and volume. DEXs are improving and also becoming more numerous, but centralized exchanges have had a several year head start.

I for one used to use LBCs before their new KYC requirements, and am now mostly using BISQ, and trading for cash. I've done some trades using PayPal or bank transfers, but only with friends I already knew in real life. I refuse to give my KYC documents to an exchange.

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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.

Do you mean many people talking about decentralization but still using lots of centralized product? Honestly, I feel it is a bit shameful but nothing could be perfect and completed in short-time. Centralized product like exchange is doing its role to help common people know and use crypto (even though they will only use it for trading) and I am very sure there will be a transition time, that will replace centralized products with the decentralized one, slightly.

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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.

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.

HammadAli

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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.

I also use Local Bitcoins for buy and sell. But how about the trade happening on Binance, Bitfinex etc....
I am talking about general terms.

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