Will centralized exchanges resist decentralization like the banks resist bitcoin

[pawel7777]

At this stage decentralised exchanges are not real threat to the centralised ones, at least as long as they cannot support fiat/crypto trades, which doesn't seem possible.

But it may change if idiotic regulations such as the Lawsky's bit license comes into effect. If the exchanges are obliged by law to collect detailed personal info on every user (even if he/she doesn't trade in fiat) then many users will likely switch to decentralised exchanges.

And how would centralised actually 'fight' decentralised?? By spreading FUD? Assassinate the devs?

[minerpumpkin]

Decentralized exchanges seem to be an inevitable step for bitcoin. Problem is, centralized exchanges like coinba are making millions. They have a lot to lose if decentralized exchanges take over.. So, I think that we will start to see centralized exchanges like coinbase fighting to maintain "control" in a similar fashion to how banks and governments are doing with bitcoin in general. Thoughts?

It doesn't matter, what can they to do stop decentralized solutions to begin spreading? They can only improve their services, which would be good for their customers. This world is already based on competition in so many areas. We need (fiat) banks (we still do, don't fool yourselves), but we don't need centralized exchanges if decentralized ones actually do offer the same capabilities!

[Beliathon]

that's just capitalism for you. everybody wants to protect their assets. if saving $10 means it'll cost other people $1,000 more, then why not?

Truth. Follow that to its logical conclusion and you get:

"If gaining $100,000 means 1,000 strangers in a far away land have to die in firebomb, then why not?"

Capitalism is violence.

[BitCoinDream]

Decentralized exchanges seem to be an inevitable step for bitcoin. Problem is, centralized exchanges like coinba are making millions. They have a lot to lose if decentralized exchanges take over.. So, I think that we will start to see centralized exchanges like coinbase fighting to maintain "control" in a similar fashion to how banks and governments are doing with bitcoin in general. Thoughts?

1. CoinBase is NOT an exchange. It is a shop... a big trader.

2. Anything decentralized is not going to work. Decentralization of any marketplace, including an exchange, is just an invitation to scam.

[sugarfree]

A true decentralized exchange between BTC and Fiat is not really even possible. The part where a human receives or sends money between the exchange and the person on the fiat side of the exchange, always has to involve a trusted party in the real world interacting with physical cash or the centralized banking system.

[GTA]

How much effort has Netflix put into crushing BitTorrent? How about Apple?
Answer: not much, or possibly even none at all.

[Mobius]

A true decentralized exchange between BTC and Fiat is not really even possible. The part where a human receives or sends money between the exchange and the person on the fiat side of the exchange, always has to involve a trusted party in the real world interacting with physical cash or the centralized banking system.

This is true. The same is true for exchanges between BTC and altcoins, although in theory smart contracts could be used for this; although the fast moving nature of altcoin markets would make this difficult to implement (as well as the fact that many altcoin blockchains are easy to attack.