Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges
Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time I checked centralized exchanges are not providing satisfactory service.
How did you come to conclusion that everyone in crypto cherish their privacy but they are fine with using cex? I mean if they cherish their privacy shouldn't people use dex instead? which is a lot more private and you do not give KYC and you basically stay as anon as possible? You must have mistaken dex and centralized exchanges because what you said is perfectly fit for dex instead of cex.
Firstly, i concluded my impression footing on what i know about the cryptocurrency enthusiast since I'm one of them and if you read my message very well youll understand that the statement was still about decentralized exchange but i make mistake when writing the post.
I believe there are tons of people who would love to stay anon, hell there are tons of people who use monero just because they want to stay anon, which is why I think people will stay with decentralized finance in order to keep staying anon without showing anyone who they are and not sharing their KYC with companies who will notify governments on each of your moves to be taxed.
You make a good point but tax shouldn't be evaded or else you will have a problem with the law and the use of DEX wasn't about skipping task fee but respect the legacy of Bitcoin which is the key to crypto enthusiasts liberation.