This is a reply to pooya87's replies from the other page of this topic.
Realistically, we can not convince a majority to move to a new experience all of a sudden. Convincing a verified user to move from a Binance verified account to Bisq is a burden and will realistically not work unless a version of Bisq fast enough, better than Binance in liquidity, technical specifications user-friendliness pops up. Also, even if a very user-friendly exchange comes to surface anytime soon, how many people do you think would leave an exchange with such low fees for a blockchain that gets congested and such a significant variety of sats/vByte every day with at least 10 minutes of waiting per trade? I am using Bisq pretty often myself, however I rarely get good rates or liquidity without moving very large sums. And then, the trade takes so long it sometimes gets annoying.
Centralized Exchanges will not disappear. In fact, they will likely grow even larger than they are today. In consequence, if we make Bitcoin more private, we will know for sure which exchange values our privacy and which doesn't. o_e_l_e_o is more than right. Realistically, users will always prefer a two-minute account setup over writing down words on a paper, downloading software on their smartphones or personal computers and then assuming the risk for every single action of theirs. Centralized Exchanges have Customer Support and offer you much simpler details than a Decentralized one would. Also, try convincing a majority that Decentralized Exchanges are better when all they see on Google News spotlights is articles talking about how much supposed illicit activity there is on there.
I rather think the problem lays in Bitcoin's protocol and not in the existence and usage of Centralized Exchanges. As mentioned above, if the majority verifies their identity on Centralized Exchanges and they do not have a problem with platforms seizing our funds, then I as a privacy advocate do not have a right to privacy no more. As a consequence, I am being told that I can achieve the desired privacy with Bitcoin but on my side it gets much more difficult than it sounds.
I can not call this fungibility when you are allowed to deposit your 1 Bitcoin on a Centralized Exchange and be allowed to trade and withdraw it freely while I am always afraid that my Chip-Mixed or Coin Joined Bitcoins are going to be seized anywhere I go, be it stores or exchanges. Around the forum there are way too many people who mention how easy it is to gather privacy with Bitcoin and only a few real examples of it working as mentioned.
Here is one challenge: try to deposit at least 0.005 Bitcoins coming directly from Coin Join outputs on three different centralized exchanges without getting your funds seized or questioned on any of the three exchanges. Anyone who is using Wasabi or Samourai knows this challenge can not be won.
Bitcoin is not fungible anymore and whoever says otherwise is wrong. Furthermore, the situation above forces me to move on to Decentralized Exchanges and private cryptocurrency blockchains. A while later, the same ones who earlier told me that achieving privacy is easy calls out Monero and Bisq for having an increasingly large volume and number of users, exploding in a said illicit activity I am now apparently part of. Privacy is so easy to achieve, eh?
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Regards,
PrivacyG