Post
Topic
Board Bitcoin Discussion
Re: Centralised Exchanges are the Biggest Enemies of Bitcoin
by
pooya87
on 06/03/2022, 07:14:33 UTC
The ideology behind crypto is freedom and liberty from the current government system(s) that are inherently wrong and elitist.
That is partly the ideology of bitcoin not the whole cryptocurrency scene. In fact the main ideology of majority of altcoins is to be traded for profit and nothing else.

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Centralised exchanges such as Coinbase, Kraken and Binance take a noble idea of bringing Bitcoin to the masses and mock it by affiliating with governments (and governmental agencies) that the very concept of Bitcoin is designed to rebel against.
Well, there is no restriction on who can use bitcoin. It is free for some people to create some centralized service and use bitcoin in that world. They aren't threatening bitcoin or its ideology, they are just using it the way they like and nobody can prevent it.

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Big CEXs are killing the original bitcoin spirit by forcing users to pay tax on gains, freezing user's assets, preventing users from using their service depending on their IP and more.
I disagree. As I said above, it is free to use by anyone for any purpose and whatever they use it for is not changing anything. For example for the past 4 years there have been people who insist that bitcoin is only a store of value and not a currency. If that's what they want to think, it's fine but it won't change anything about bitcoin.

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Taxes contribute to the regimes that so many of us are against. How can we continue using companies whose values don't align with ours?
Taxes are theft and fund wars and needless bloodshed in countries such as Iraq, Afghanistan and more.
It seems like the problem you have in mind lies elsewhere considering that the revenue government makes from cryptocurrency tax is negligible compared to literary taxes on anything else.

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The solution is pretty clear: More projects need to be released that are focused on building sustainable decentralised solutions to enable users to trade and purchase bitcoin (and crypto in general). Right now the main areas of focus need to be security and simple UI/UX interfaces.

And we need to stop using CEX and funding what we are all against.
This I can agree with. We already have decent solutions like Bisq, what we need is more people to use them so that their volume increases and any possible bugs are found and any feature they have be improved.