I did some research on Bitcoin because I was interested in it, and I discovered that the key principles of Bitcoin are peer-to-peer, anonymity, pseudonymity, decentralization, and operating without a middleman to ensure that Bitcoiners can have financial freedom. However, despite knowing that Bitcoiners adhere to these tenets, why do some Bitcoiners act contrary to them? Why do they continue to support centralized exchanges, use them, and retain their Bitcoin there?
Some reasons that I can think of to answer your question:
- Convenience - People like to instantly move to and from their bank account and would sacrifice their anonymity and privacy to be able to do so.
- Fear - Most tend to believe that by being private, they might be seen as doing something wrong.
- Ignorance or lack of knowledge - Whether it is by choice or not, people may not realize that privacy, anonymity, and decentralization are beneficial to them. Or, they simply do not know how to properly achieve it.
I suggested a
Cybersecurity & Privacy board which would address these kinds of matters, which would help people to become aware and learn how to uphold the key principles of Bitcoin.