Ulven
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April 06, 2022, 10:52:30 PM |
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What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) This is unlikely to happen. It makes more sense to ban cryptocurrencies themselves than centralized exchanges. Imagine a situation where the government saw a threat in food products and banned stores that sell those products. Why? Wouldn't it be easier to ban the food itself? With the level of legalization of cryptocurrencies and the acceptance of cryptocurrency in general, a move like a complete ban on exchanges would be extremely illogical. After all, if you ban exchanges, there will be other ways to sell cryptocurrencies, and decentralized exchanges can also be banned, because they also act under someone else's jurisdiction. In simple words, banning centralized exchanges is slightly less stupid than banning bitcoin. There is already too much money involved in the industry and too much infrastructure built for governments to take such stupid steps. You have good logic about this case. Why not ban the usage of crypto itself if they will ban the platforms that are utilizing it? So nope, I am not seeing this happening. A lot of countries are already changing their stance towards crypto because even if they don't participate in this market, this continues to thrive. And they are already seeing it at a global scale. So why ban it if they can generate money from this industry? I strongly agree with your opinion, already after the huge support from various governments to accept the use of digital currency, how can we think about banning it again. I think cryptocurrencies are becoming more widespread and centralized exchanges are starting to expand their influence by acquiring licenses from different governments around the world and including more users!!!!I don't think we will see a ban on central exchanges so rest assured
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justdimin
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April 07, 2022, 07:09:37 AM |
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Centralize exchanges continue to block accounts of users. That is why many users do not trust centralize exchanges. Adoption of cryptocurrency grows and many investors and traders prefer to use decentralize exchanges why can not block accounts of users.
Despite the fact that decentralized exchanges are developing very quickly and introducing a set of services that were previously inherent only for centralized exchanges, they are still inferior to CEX. But the advantages of decentralization offset such disadvantages and, accordingly, the future belongs to DEX. The sad part about it is that DEX projects are developed quickly but never really take off and be consistent. I mean in the defi world we had so much more money and these days we do not have the same amount of money, this should be proof that it is not a long term profitable thing. What CEX has as an advantage is the fact that there is a company and owners that profit and then can use that profit to improve the website. Binance may not be even making any "profit" right now, the way they spend their revenue like crazy, I am not so sure if they have any money that they have to pay taxes for. This advantage keeps them going, but the DEX ones we see end up releasing, promoting, and then just... there.
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Fivestar4everMVP
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Leading Crypto Sports Betting & Casino Platform
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April 07, 2022, 07:35:20 AM |
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Well, sorry to bust your bubble @op, centralized exchanges won't be banned, at least, not the big ones that comply with the laws of the land like binance, coinbase and the likes. Government need money and more money, and even more money, and sometimes, they don't care how it comes, as long as the money is coming. To be sincere with you, governments don't have a problem with crypto, why it seems they are so head bent on banning crypto is because they haven't figured a way to tax users yet, as soon as they figure out an effective way of taxing users and holders of crypto, you will see that all this threat and brouhaha of banning crypto will be a thing of the past, their major anger right now is that citizens are moving their fund to crypto to invade tax, once the government of the world figure out a way to effectively tax crypto holders and crypto business owners (this includes centralized exchanges), you will see that crypto will be made legal in many (if not all) countries of the world.
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tvplus006
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Exchange 250+ Coins With 0% Fees
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April 07, 2022, 08:20:32 AM |
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...What CEX has as an advantage is the fact that there is a company and owners that profit and then can use that profit to improve the website...
I believe that it is by this parameter that there is no difference between DEX and CEX, since behind each DEX there is a project team that works on the development and maintenance of a decentralized exchange. It is enough to recall such decentralized exchanges as 1inch, Uniswap and Pancakeswap, which regularly delight us with their updates.
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░░░░░░░░░░██▄ ▄▄▄▄▄▄▄▄▄▄▄███▄ ▀▀▀▀▀▀▀▀▀▀▀███▀ ░░░░░░░░░░██▀ ░░░▄▄ ▄██▀ ███████████████ ▀██▄ ░░░▀▀ | | | | +250 COINS | | ..Crypto Exchange.. | │ | ▄▄▄▄ ▄▄▄███▀▀███▄▄▄ ▄█████▀▀░▄▄▄▄░▀▀█████▄ ██▀░▄▄▄████████▄▄▄░▀██ ██░████████████████░██ ██░████████████████░██ ██░▀██████████████▀░██ ██░▀████████████▀░██ ▀██░▀██████████▀░██▀ ▀██▄░▀██████▀░▄██▀ ▀██▄▄░▀▀░▄▄██▀ ▀▀██▄▄██▀▀ ▀▀▀▀ | | | │ | |
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LeagueOfLiquidations
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April 08, 2022, 12:27:23 AM |
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Now DeFi projects are actively developing offering users new tools and opportunities. It becomes more simple and comfortable to use different DeFi tools and products. For DeFi liquidity is very important. It is necessary to constantly develop a project to offer tools that are really useful and necessary for people to increase the liquidity of DeFi.
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martina14
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April 08, 2022, 01:01:27 AM |
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If crypto becomes extremely popular in the future (widely adopted by a vast majority of people worldwide), it's probable governments will turn against it. They can pressure centralized exchanges to close up shop or face serious consequences in the long run. After all, these exchanges are the on and off ramps from the crypto world to the Fiat world. While not every country is against crypto, they might change their stance once they see Russia using it as a means to avoid sanctions. Imagine if most countries unilaterally agree on banning centralized exchanges for good. Will that mean the end of crypto for good (even though it would still be possible to get some crypto through decentralized exchanges)? After all, most people will be afraid of using crypto if it's declared "illegal". The ban of centralized exchanges will surely topple crypto prices, signaling fear among investors and traders alike. What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) If that happens that means all exchange that will be being use would be DEX only, is that what your trying to emphasize dude? Well, in that case for me it is a good news to all crypto enthusiast, KYC will no longer require for sure, due to it is DEX platform. But in reality I think it is not possible in my own opinion.
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nikita2020
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April 08, 2022, 06:39:14 PM |
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For DeFi liquidity is very important. It is necessary to constantly develop a project to offer tools that are really useful and necessary for people to increase the liquidity of DeFi. Now there are so many DeFi projects that it is very difficult to choose what are the best projects. For DeFi liquidity is important and it is necessary to offer and develop tools that make the use of cryptocurrency more simple and available for all the users.
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spacegrime
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April 09, 2022, 05:30:19 PM |
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For DeFi liquidity is very important. It is necessary to constantly develop a project to offer tools that are really useful and necessary for people to increase the liquidity of DeFi. Liquidity is important for every projects but not only for DeFi. Now the popularity of the DeFi grows because they allow all useful tools that allow users to earn more money.
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Altryist
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April 09, 2022, 06:51:20 PM |
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The sad part about it is that DEX projects are developed quickly but never really take off and be consistent. I mean in the defi world we had so much more money and these days we do not have the same amount of money, this should be proof that it is not a long term profitable thing. What CEX has as an advantage is the fact that there is a company and owners that profit and then can use that profit to improve the website.
Binance may not be even making any "profit" right now, the way they spend their revenue like crazy, I am not so sure if they have any money that they have to pay taxes for. This advantage keeps them going, but the DEX ones we see end up releasing, promoting, and then just... there.
Of course, the binance makes a profit, otherwise they simply would not function normally, this simply would not make sense. Each type of exchange has its advantages and disadvantages, CEX is convenient because there is good liquidity (in most cases), DEX is good for those who value anonymity, so everyone chooses the best option for himself.
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kaya11
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April 09, 2022, 07:19:48 PM |
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If crypto becomes extremely popular in the future (widely adopted by a vast majority of people worldwide), it's probable governments will turn against it. They can pressure centralized exchanges to close up shop or face serious consequences in the long run. After all, these exchanges are the on and off ramps from the crypto world to the Fiat world. While not every country is against crypto, they might change their stance once they see Russia using it as a means to avoid sanctions. Imagine if most countries unilaterally agree on banning centralized exchanges for good. Will that mean the end of crypto for good (even though it would still be possible to get some crypto through decentralized exchanges)? After all, most people will be afraid of using crypto if it's declared "illegal". The ban of centralized exchanges will surely topple crypto prices, signaling fear among investors and traders alike. What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) We are going forward and not backwards here, leading countries in economy are now seeing blockchain as the future of money, more transparent than any other means. It would still be intact even if all the countries banned it, some people won't let it go. Crypto currencies are our future and even without those centralized exchange we will manage to move on a decentralized one. Way back it was just etherdelta, fork delta, etc, and it was okay like that and I am not telling centralized is not giving any advantage in the markets but we are fine without them.
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Abco
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April 11, 2022, 07:33:35 PM |
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Liquidity is important for every projects but not only for DeFi. Now the popularity of the DeFi grows because they allow all useful tools that allow users to earn more money. The more people use crypto the more it is in demand. Now economical situation in the world is very unstable. The inflation is very big and that is why many people prefer to use cryptocurrency for investment purposes. Just buy crypto and hold it.
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RussianEnglishTranslation
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April 11, 2022, 07:45:00 PM |
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If crypto becomes extremely popular in the future (widely adopted by a vast majority of people worldwide), it's probable governments will turn against it. They can pressure centralized exchanges to close up shop or face serious consequences in the long run. After all, these exchanges are the on and off ramps from the crypto world to the Fiat world. While not every country is against crypto, they might change their stance once they see Russia using it as a means to avoid sanctions. Imagine if most countries unilaterally agree on banning centralized exchanges for good. Will that mean the end of crypto for good (even though it would still be possible to get some crypto through decentralized exchanges)? After all, most people will be afraid of using crypto if it's declared "illegal". The ban of centralized exchanges will surely topple crypto prices, signaling fear among investors and traders alike. What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Project TXA on the Internet Computer means that we will no longer need centralized exchanges to trade, we can do it all on top of $ICP.
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Eddyc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 11, 2022, 07:46:23 PM |
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Decentralization is the primary dream of cryptocurrency developers and mainly by Satoshi Nakamoto, just type in Satoshi Bitcointalk in google and you will see your profile and message. We found in their discussions surprising hints of decentralization as a simple transaction could change the world, their messages could be in a holy book (laughs). Anyone remember CryptoBridge(DEX)? Well, it was destined to be better than Binance and why not happen? There are bigger forces that we don't know, but the market will hardly decentralize.
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Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
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Abiky (OP)
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April 12, 2022, 05:21:12 PM |
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Well, sorry to bust your bubble @op, centralized exchanges won't be banned, at least, not the big ones that comply with the laws of the land like binance, coinbase and the likes. Government need money and more money, and even more money, and sometimes, they don't care how it comes, as long as the money is coming. To be sincere with you, governments don't have a problem with crypto, why it seems they are so head bent on banning crypto is because they haven't figured a way to tax users yet, as soon as they figure out an effective way of taxing users and holders of crypto, you will see that all this threat and brouhaha of banning crypto will be a thing of the past, their major anger right now is that citizens are moving their fund to crypto to invade tax, once the government of the world figure out a way to effectively tax crypto holders and crypto business owners (this includes centralized exchanges), you will see that crypto will be made legal in many (if not all) countries of the world.
Then why China decided to ban crypto exchanges and miners when it had the opportunity to collect huge profits (taxes)? If China did this, then it's possible other countries will do the same if they see their monetary system (Fiat) being threatened by crypto. It's as simple as that. A crypto world without centralized exchanges would certainly look a lot different than what it is right now. It's likely prices in terms of Fiat will be much lower because institutional investors and other big players will be left out of the game. Decentralized exchanges will take over the industry, but mainstream adoption will be so low that crypto won't be as recognized the same way as it is right now. If you're into crypto because you believe in its technology, then this wouldn't be much of a concern to you. But most people are into crypto for the money, so they would simply panic when their government takes the approach to ban crypto altogether. What matters is that crypto stays decentralized in order to stand the test of time. As long as it stays that way, there should be nothing to worry about. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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isaac_clarke22
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April 12, 2022, 06:42:46 PM |
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~
It depends if they're indeed "using it", some are just bagging cryptos and never get to fully utilize it. I can understand that part for people investing in Bitcoin. Some would be entirely for investment purposes like only for the sake of "hodling". Some are using it for currency and of course, some of those people are in the dark web using it for some....stuffs though there are people here in the surface web like me using it also for buying completely normal stuffs.
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FiPi
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April 12, 2022, 10:11:37 PM |
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The more people use crypto the more it is in demand. Now economical situation in the world is very unstable. The inflation is very big and that is why many people prefer to use cryptocurrency for investment purposes. Just buy crypto and hold it. Now the popularity of DeFi tools increase becuase more and more people use DeFi products. Thanks DeFi financial services available for many people in the world.
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Garsipop
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April 13, 2022, 07:05:41 PM |
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Now the popularity of DeFi tools increase becuase more and more people use DeFi products. Thanks DeFi financial services available for many people in the world. On centralize exchanges very often the funds are blocked that is why many people prefer to use DeFi. Now DeFi tools are popular and in demand and many people use them.
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JackieAinsley
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April 14, 2022, 09:32:32 PM |
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On centralize exchanges very often the funds are blocked that is why many people prefer to use DeFi. Now DeFi tools are popular and in demand and many people use them. A lot of DeFi products apper but DeFi protocols need to have liquidity that offer liquidity providers. To do this it is necessary to offer the best conditions for liquidity providers.
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LaCucina
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April 15, 2022, 09:34:48 PM |
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A lot of DeFi products apper but DeFi protocols need to have liquidity that offer liquidity providers. To do this it is necessary to offer the best conditions for liquidity providers. Centralize exchanges have a lot of useful tools that make trade more profitable and in demand. But all centralize exchanges need to have liquidity to offer their users more opportunity.
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BIT-BENDER
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2022, 09:51:03 PM |
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I know right now many would like the centralized exchange system that is quite understandable because many of this centralized exchange system because it work hand in hand with what their government want and even help them escape a lot of sanctioning. But trust me centralized exchanges is like a cancer to the crypto-currency space with its values going against the freedom crypto offers to it users and enthusiasts
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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