Cryptocurrency was created to be decentralized

[jerrysmith]

then why is it only exchange companies that sell it? Isn't the same exchange companies owned by the financial moguls?

[manish9841]

I understand your point. We buy coins and tokens of decentralized technology and  trade on centralized exchanges. Trust me, this year would be the year of decentralized exchanges even though there are already some operational.

[menggay16]

It really does happen to the other new companies and they are related to exchanging. And especially for example for that project is also connected that company. So there will be an issue for demand for the supply there and supply there demand and implement it on the platform that have been stablished by that company.

[unfreeze]

The only way to change direction is a really free decentralized market with new 2 or 3 generation
cryptocurrencies, not controlled by the big ones. Thats a wish, but on the other side i don´t see
that coming.
Blockchain is still a big thing-but there is also a problem-the missing really usefull frontends for
the masses and a real world economy connection. Its not possible to eat digital things...

But, i still have a dream...

[aoluain]

Well it was BTC initially which was set up to be decentralised peer-to-peer
paymeny system. There is nothing to stop people from doing this. There are
peer-to-peer exchanges though I havent used one. We can also trade with
each other!

[SuperD007]

I would imagine that in the near future almost all exchanges with me DEX platforms... (Decentralized exchanges)

This will prevent certain governments trying to shut down exchanges running from their countries.

[Steamtyme]

You can buy bitcoin off anyone willing to sell it. There is nothing stopping you except trusting they will send the bitcoin along.

There are sites like localbitcoins where people can meet up and make the exchange in person. There is even a currency exchange on this forum but make deals at your own risk.

Exchanges are there as a means to sell your bitcoin and provide some level of security; I say some with MT. GOX in mind.

[vv181]

It is a sad thing that many people in cryptocurrencies scene is still using the many centralized exchanges, and all the people are still affected by FUD from the government's regulations. Personally, it is weird because cryptocurrency should not be affected by any centralized entities.

[Anycoin Direct Support]

Hello jerrysmith,

Yes what you are saying is true, bitcoin was created to help facilitate decentralized payment methods. This is however, still the case, if you want to buy cryptocurrency from an individual you can do so without any other parties involved. We can take it even further and say that if you wanted to exchange a service for money you can also do this without any parties involved. Of course this was also possible with cash, however cash is controlled by a central entity making cryptocurrency more decentralized than cash.

The reason these exchanges and brokers exist is due to the fact that individuals usually can't meet the demand of the market as a whole. In the future decentralized exchanges might play a bigger role in the market making it even more decentralized as a whole. Let's see what the future brings.

With kind regards,
The Anycoin Direct team

[KingScorpio]

then why is it only exchange companies that sell it? Isn't the same exchange companies owned by the financial moguls?

no they were never created to be decentralised they were created to decentralise power away from the banksters, "decentralised" is now only used as a marketing slogan. all cryptocurrencies are like banks now they are new central banks.

[Mohamme]

I think there will be more and more scattered exchanges.
Because governments are beginning to limit the concentration of exchanges, a fragmented exchange is our future.

[Notcalculator]

Because they're private companies with centralized technology. It's still decentralized and it's just more convenient this way. As btc grows, maybe there will come a day when exchanges would no longer be necessary and you could buy directly using it. But you're right, in a sense that it does introduce an element of centralization. And to be honest, crippling exchanges right now would pretty much kill its future.  

[BrewMaster]

then why is it only exchange companies that sell it? Isn't the same exchange companies owned by the financial moguls?

i only use a fork for scratching my ass. does this mean a fork is an "ass scratching tool" or does a fork still remain as a kitchenware?


the way exchanges use bitcoin (a centralized platform where people meet to trade) is like me scratching my ass with a fork. it doesn't change the nature of bitcoin it just means they are using bitcoin in a centralized platform.

[ranochigo]

Cryptocurrency is created to be decentralised. Does that mean that everything associated with it has to be?

It's simply too hard for an exchange to work decentralised, mainly due to the problem with the AML/KYC policies of the country. Exchange works as an intermediary between the users. While you can remove the barrier by trading OTC, there has to be someone moderating the transactions and make sure that any disputes can be resolved.

[RodeoX]

then why is it only exchange companies that sell it? Isn't the same exchange companies owned by the financial moguls?

Anyone can sell their bitcoin however they want. Exchanges have arisen because they make sense and minimize counter-party risk. Anyone can mine it and sell it for whatever price they like. It is totally decentralized.

[amishmanish]

There was an idea to have decentralized exchanges. BitShares is one of the old ones that came up with the idea of having decentralized exchanges. The guys behind bitshares was pretty good too as far as I could tell from their blog posts etc.

The problem is that decentralized exchanges too need some initial funding. This is where banks come in. People could just voluntarily bankroll them with anonymous donations in the beginning I suppose. Even then decentralized exchanges wouldn't work with the fiat linkage. They need something like bitcoin to be established.

As the oldies here say all the time, Bitcoin is actually meant to be peer to peer. We need to sell and buy from each other. If you go to the marketplace section, you'll see that it has been made possible in the west quite a lot. People in developing countries have just been introduced and most of us simply skipped the peer-to-peer part when we bought our first bitcoins from an exchange.

The problems and regulations though seem far from over and we may yet get a chance to experience the old days.

[satecream]

we can sell it by our own risk, the exchanger just provide us more secure with that
you can sell your token in the market just go in there
and when you sell please be wise and carefull with your own risk