Post
Topic
Board Bitcoin Discussion
Re: Why does Bitcoiner still support the use of centralized exchanges?
by
Woodie
on 28/04/2023, 20:00:39 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?
Its not like they don't want to support the true value cores of bitcoin, its just that to survive in this game they need external influence  which means being regulated and enjoying other perks...besides having to support the likes of visa or MasterCard was always going to point  in the direction of centralization as its the only way to protect the merchants and customers.

Why do they continue to support centralized exchanges, use them, and retain their Bitcoin there?
Like i said, centralization has more perks than been decentralized, it opens up to more buying power, opens up a wide range of coins unlike decentralized exchanges that can only operate with a few select coins.