Post
Topic
Board Bitcoin Discussion
Re: Are we not abusing decentralization?
by
Genemind
on 26/04/2019, 09:24:17 UTC
Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization.
no, they are being robbed and scammed because they chose a centralized place to put their decentralized bitcoin. in other words they got scammed the day they decided to leave their bitcoins on exchanges and not have control over their private keys. and this has nothing to do with decentralization!

Most bitcoin stolen from exchange were from centralized exchange. Culprits remained anonymous due to decentralization of bitcoin. People who are into illegal activities are surely enjoying this attribute. That is why some exchange are starting to comply with regulation and tightens their security with mandatory KYC.