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?
Not all people who has bitcoin are inclining the bitcoin characteristics on how they use it. Most of the people who has bitcoin today treat bitcoin as an investment and doesn't really care how bitcoin really works. As long as they have profits and they are still earning, they will continue to have bitcoin. I'm sure they won't use a decentralized exchange because of the fees that they hate, Instead they will just rely on the centralized exchange that has a massive fee differences. It's a hard to swallow pill that centralized exchange is part of crypto and it definitely has it's part on the growth of majority of the cryptocurrency. I don't think that centralized exchanges will become obsolete in the near future.