With all these happening, I suggest we should be reminded as bitcoiners on what we are made for and should not loose focus on how we can achieve our target with the use of bitcoin for our financial economy in all modules of it's applications Privacy should be our heritage with bitcoin, using centralized exchanges is the weakest means to have it, because the governments will be after you when you're under a centralized exchange, they have all your details with them.
Bitcoin is decentralized and should be treated as such. I do understand that other people have a lot of various reasons for why they think centralized exchanges are better than decentralized ones. Personally I think we should stick to how bitcoin was made to be used.
Binance still seems to be doing well and is still continued to be used by many despite the huge heft of money that they are going to be paying for.
There lies the problem. It was just in the early days that bitcoin was used the way it ought to be used, as bitcoin adoption enlarges, different unbitcoin ways of using Bitcoin will surface. And these recent ways seem more friendly because they employ the social media and sweet UX trend.
- It is not many bitcoin users want to know about bitcoin beyond just buying and selling.
- Someone who cannot sign contracts and use open non custodial wallets have no business with DEX.
- Many newbies are introduced to exchanges as the first place to create accounts
- During mempool congestion, exchanges become our friends, so we can't do without them.
This is why we still marry with the government and his privies. It's a long journey.