Post
Topic
Board Bitcoin Discussion
Re: Why does Bitcoiner still support the use of centralized exchanges?
by
pawanjain
on 26/04/2023, 16:43:21 UTC
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?

It's mostly because people have given more importance to the store of value and has completely ignored the main objectives of bitcoin.
People use it as an asset for trading and investments and the only place where it can be easily feasible is a centralized exchange.
This is the reason why many bitcoiners tend to encourage the use of centralized exchanges so that they can trade it and gain profits on it.