Quote from: BVeyron on June 07, 2023, 07:33:03 PM

Quote from: Abu-Naim on April 22, 2023, 06:09:24 AM

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?

This happens because BTC needs adoption. Nearly none of business initiatives accept payments directly in BTC, that's why all the cryptocurrency universe is still highly dependent on fiat banks and exchange hubs. This dependence brings some degree of centralization, but at the current level of adoption crypto to fiat transfers are the only way to use cryptocurrency as money.

Wether bitcoin adoption because globally accepted by government of all countries permitting and accept the use of BTC in doing business like they do with fiat, still a lot of people wouldn't stop the use of centralized exchanges that's because CEX provides a convenient platform for bitcoin traders to do their trading be it spot or features trading, I wonder how many DEX has such features in their platform.

In view of the fact that nearly everyone using bitcoin conceives it as a means to make earnings and grow in profits other than the main vision of Satoshi as means of doing transactions without a third party involvement, and to earn, a bitcoiner has to either hold or trade, hence the odds are that there are more bitcoin traders than holder (some holder even trade too), so much as we trade then the use of centralized exchanges can't be stopped.