Post
Topic
Board Altcoin Discussion
Re: Will centralization keep its dominance on the crypto industry forever?
by
metalglowd
on 18/12/2019, 22:37:02 UTC
In my opinion, centralized exchanges/platforms should exist but shouldn't be promoted too much or above decentralized platforms for the sake of decentralization and security of cryptocurrency. The crypto communities should be promoting the decentralized platforms. The outside world could choose to promote what they want.

I think any cryptocurrency that has most of its value on centralized platforms shouldn't be seen as very decentralized.. Most of tradings should be happening peer-to-peer or via decentralized platforms. The point is to keep things censorship resistant, immutable, secure, trustless etc. Centralized usage of cryptos shouldn't be more than 40%...the less the better.


But the hardest part is promoting decentralized exchange itself, somehow even though it has been promoted as it should, decentralized enthusiasts are not as much centralized exchange, either because of the volume, interface or features available on the decentralized exchange. Then decentralized exchange also tends not to make good developments.
They just make it looks stagnan from its looks