Bitcoin Forum
June 14, 2024, 10:31:04 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6] 7 »  All
  Print  
Author Topic: How would crypto fare without centralized exchanges?  (Read 749 times)
Edain Software
Copper Member
Newbie
*
Offline Offline

Activity: 45
Merit: 0


View Profile
April 25, 2022, 10:05:40 PM
 #101


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Now many people do not trust centralize exchanges because they affraid that their funds can be bunned.
DeFi accounts can not be bunned that is why more and more people use them.

Not only centralized exchanges banned the suspicious accounts of users.
Now appear special programs that allow to ban accounts on DeFi exchanges.
Cryptocurrency becomes more controlled.
Abiky (OP)
Legendary
*
Offline Offline

Activity: 3234
Merit: 1364


www.Crypto.Games: Multiple coins, multiple games


View Profile
April 26, 2022, 01:07:37 AM
 #102

Crypto wouldn't be as popular if exchanges like Binance, Kucoin, Coinbase wasn't here. Decentralized exchanges are cool but we already have seen that the tech isn't advanced enough to replace the human factor. There are still some problems which only a human can solve. Decentralized systems are not perfect, they can get broken in time. Customers are not perfect neither. That's why centralized exchanges attract more customers. People just want to know somebody behind their screen there is a human ready to listen to their problems.

You do have a point there, mate. Centralized exchanges are the ones who drive the most adoption into crypto/Blockchain tech. They're the first thing people come into when starting their journey in crypto land. Without them, I fail to see how crypto will be massively adopted by (almost) everyone worldwide. Decentralized exchanges will still be around, but their limitations will simply drive people away from crypto.

There is a hybrid exchange called "Waves Exchange" with high-performance order matching/execution, but I'm not sure if it will handle millions of TPS when it reaches widespread adoption worldwide. I'm fine with governments "regulating" crypto/Blockchain tech as long as they don't ban it altogether. Who knows what the future holds for the entire crypto/Blockchain industry? Just my opinion Smiley

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
stepwilli
Sr. Member
****
Offline Offline

Activity: 1042
Merit: 273


View Profile
April 26, 2022, 01:55:20 PM
 #103

I don’t think that the government would do such, for now. What I’m thinking that they would do is that they are going to implement heavy taxes, as we have seen some countries do. So they might implement heavy taxes on cryptocurrency trading and investment, and even the transactions, like India did.

But, let’s just hope that that wouldn’t be the case, and any tax that they would try to implement would be something that isn’t strict. In a situation where the level of regulation in the cryptocurrency market is tough, it might discourage some investors from the market. So all these things are things that we wouldn’t really hope for.
inery_blockchain
Copper Member
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
April 26, 2022, 08:57:56 PM
 #104


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Not only centralized exchanges banned the suspicious accounts of users.
Now appear special programs that allow to ban accounts on DeFi exchanges.
Cryptocurrency becomes more controlled.

Centralized exchanges continue to be popular and in demand because they offer people a lot of useful tools that make the work with cryptocurrency more simple and profitable.
JackieAinsley
Jr. Member
*
Offline Offline

Activity: 148
Merit: 1


View Profile
April 27, 2022, 05:53:04 PM
 #105


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralized exchanges continue to be popular and in demand because they offer people a lot of useful tools that make the work with cryptocurrency more simple and profitable.

Centralized cryptocurrency exchanges now offer a lot of useful tools that make cryptocurrency trading more profitable.
Trading volumes on centralize exchanges continue to increase.
Dervish doff
Member
**
Offline Offline

Activity: 1134
Merit: 10


View Profile
April 27, 2022, 06:56:30 PM
 #106

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

I think it would be safe to say that the future of cryptocurrencies does not depend on centralized exchanges at all. Although many of them hold a lot of weight in the market, they are not as important as most people believe.

It is necessary to know now that the value of cryptocurrencies goes over time and is heading towards mass adoption, crypto, and the latest technological developments. As society follows the times, this is what underlies it in society. And, with mass adoption comes great competition. Remember, there are only so many places where you can spend your money, assuming you are a consumer. You may buy coffee at Starbucks every day, but once Amazon starts selling coffee beans and stores, you'll probably switch to buying from them. It is the same as cryptocurrency. If cryptocurrency is widely accepted by traders worldwide, then why continue to use Fiat exchanges.

In my opinion, think and study many cryptocurrencies that have been widely accepted by traders worldwide, for example: buying hawk host web hosting with Bitcoin, BCH. Accept it or not, this cryptocurrency currently has a strong share in the market, and the price continues to rise because of it. Suppose someday or in the future. More people have started using crypto for their daily purchases. In that case, those who are opposed to what they want to do, like it or not, have to accept such as holding high volumes of high tides will automatically open the entrance of the seawater.
LeagueOfLiquidations
Copper Member
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
April 28, 2022, 05:10:15 PM
 #107


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralized cryptocurrency exchanges now offer a lot of useful tools that make cryptocurrency trading more profitable.
Trading volumes on centralize exchanges continue to increase.

Centralized exchanges offer many different tools for trading to make trading more profitable and in demand.
That is why the trading volumes on centralized exchanges continue to grow.
Nexum
Copper Member
Newbie
*
Offline Offline

Activity: 41
Merit: 0


View Profile
April 29, 2022, 07:43:04 PM
 #108


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralized exchanges offer many different tools for trading to make trading more profitable and in demand.
That is why the trading volumes on centralized exchanges continue to grow.

The more people use centralize exchanges the more popular they become.
A lot depends on the tools that centralize exchanges offer.
Now a lot of financial products appear that make the work with exchanges more profitable.
Megladoge
Copper Member
Jr. Member
*
Offline Offline

Activity: 92
Merit: 1


View Profile
April 30, 2022, 03:08:41 PM
 #109


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

The more people use centralize exchanges the more popular they become.
A lot depends on the tools that centralize exchanges offer.
Now a lot of financial products appear that make the work with exchanges more profitable.

Centralized exchanges becomes more requlated and contralled.
It means that not all traders can use centralize exchanges and many people prefer to use DeFi.
LUCKMCFLY
Legendary
*
Offline Offline

Activity: 2450
Merit: 1854


Leading Crypto Sports Betting & Casino Platform


View Profile WWW
April 30, 2022, 05:08:11 PM
 #110

I know many people don't like centralized exchanges but they played a vital role in crypto space more than dex exchanges, I know many don't like KYC verification but honestly its for our own good, I prefer centralized exchange more than dex.

I think that currencies without centralized exchanges would be like the contracts that were made or are currently made in NFT games and tokens, there are many and it would be a mess because there are decentralized exchanges where you cannot place a limit order, nor a normal order, if not everything is very manual, I think the amount of contracts and confusion for the currencies and the investors would be something impressive.

Centralized exchanges not only offer a better type of security, but apart from this, the largest in the world like Binance are on the order of the day to give the best support as long as you have the KYC passed, the only advantage I see of decentralized exchanges is that you can be more anonymous.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Predict_Vision
Copper Member
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile WWW
May 01, 2022, 02:46:00 PM
 #111


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralized exchanges becomes more requlated and contralled.
It means that not all traders can use centralize exchanges and many people prefer to use DeFi.

Thanks regulation of cryptocurrency big investors and traders come to the industry.
That is why trading volumes on centralize exchanges continue to grow.
Maestro75
Sr. Member
****
Offline Offline

Activity: 1974
Merit: 329



View Profile WWW
May 01, 2022, 04:45:16 PM
 #112


Government has done enough interfering in cryptocurrency and that is what we have seen with Binance. There were financial regulatory bodies that monitored that exchange and others and made sure they complied with checks. That is why Binance later asked its customers to validate and verify their accounts with KYC. I do not think it will get worse than it is to the point of government completely closing down all centralised exchanges. What about countries that have already adopted bitcoin?

B.I.O.K.R.I.P.T|
  BiokriptX Fair Launch is now live in PINKSALE
|🟣 Twitter
🔵 Facebook
🟣 Telegram
Shuna_Inuverse
Copper Member
Newbie
*
Offline Offline

Activity: 83
Merit: 0


View Profile
May 02, 2022, 02:27:03 PM
 #113


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Thanks regulation of cryptocurrency big investors and traders come to the industry.
That is why trading volumes on centralize exchanges continue to grow.

Centralize exchanges can offer the tools such can not offer the decentralize exchanges.
Thanks leverage it is possible to make a big profit on trading. That is why centralize exchanges are so popular now.
100xcoin
Copper Member
Newbie
*
Offline Offline

Activity: 114
Merit: 0


View Profile WWW
May 03, 2022, 06:23:32 PM
 #114


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralize exchanges can offer the tools such can not offer the decentralize exchanges.
Thanks leverage it is possible to make a big profit on trading. That is why centralize exchanges are so popular now.

It is very important to check the trading volumes on centralized exchanges, because liquidity is very important for cryptocurrency exchanges.
Also it is necessary to pay attention to the projects that cryptocurrency exchange offers for traders for profitable trade.
Abiky (OP)
Legendary
*
Offline Offline

Activity: 3234
Merit: 1364


www.Crypto.Games: Multiple coins, multiple games


View Profile
May 04, 2022, 02:02:02 PM
 #115

I think that currencies without centralized exchanges would be like the contracts that were made or are currently made in NFT games and tokens, there are many and it would be a mess because there are decentralized exchanges where you cannot place a limit order, nor a normal order, if not everything is very manual, I think the amount of contracts and confusion for the currencies and the investors would be something impressive.

Centralized exchanges not only offer a better type of security, but apart from this, the largest in the world like Binance are on the order of the day to give the best support as long as you have the KYC passed, the only advantage I see of decentralized exchanges is that you can be more anonymous.

You can certainly be more anonymous using a decentralized exchange. Yet, decentralized exchanges have some limitations that often makes centralized exchanges a better choice for newcomers into crypto. Without centralized exchanges, I don't think crypto will be as widely adopted worldwide as it is right now. A lack of centralized exchanges means that crypto/Blockchain tech is completely illegal to use anywhere in the world. While this is unlikely to happen soon, we should be prepared in case it does.

I wouldn't say centralized exchanges offer a better type of security, since they're easily subject to hacks, theft, and manipulation. Decentralized exchanges can be hacked too, but the risk is lower because you and only you control the keys to your crypto. The industry is just starting to blossom, so we should give it some time to mature in the mainstream world. Just my thoughts Grin

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
Bertyda
Jr. Member
*
Offline Offline

Activity: 200
Merit: 1


View Profile
May 04, 2022, 06:20:19 PM
 #116


On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

It is very important to check the trading volumes on centralized exchanges, because liquidity is very important for cryptocurrency exchanges.
Also it is necessary to pay attention to the projects that cryptocurrency exchange offers for traders for profitable trade.

Because on cetralize exchangers accounts of many users are blocked for different purposes many people do not trust centralized exchanges and prefer to use a decentralized one.
RussianEnglishTranslation
Jr. Member
*
Offline Offline

Activity: 840
Merit: 6


View Profile
May 06, 2022, 12:13:41 PM
 #117

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
Centralized exchanges aren't going anywhere, they will become more regulated though. Going along with your thought exercise though, a smart contract would emerge that integrates non-smart contract blockchains and allows trading, like the internet computer or Flare/Songbird.
max6575
Full Member
***
Offline Offline

Activity: 1176
Merit: 100


Vave.com


View Profile WWW
May 07, 2022, 06:55:44 PM
 #118

without the centralized exchange investors might depends with the customs of methodological individualism as rejecting ideas on presence within the field of collateral presence of egalite investors and
following the distinct level of affirmation investors work on excess with the subjective opinion with the motivation to exit from the previous level of dependence without the decision as occupying the utility and instrumentation of methodological terms of work of modification but
following moral obligation yet there shows of the distinct of limit on level of confirmation as leaving of excessive chance on cumulative numbers of measure while investors being within the egalite severe of field of collateral position among parties within the group with the absent of the centralized exchange to leads on guidance as referring of the level of market efficiencies,


Argoo
Full Member
***
Offline Offline

Activity: 2310
Merit: 227


View Profile
May 10, 2022, 05:51:33 PM
 #119

I rechecked the text several times, because I thought that in the current conditions it could be more about a ban on decentralized exchanges, rather than centralized ones. I see no reason for states to ban the operation of centralized exchanges, which, as a general rule, cooperate with them. It is most likely that decentralized exchanges will experience difficulties and the pressure on them from the states will increase.
Abiky (OP)
Legendary
*
Offline Offline

Activity: 3234
Merit: 1364


www.Crypto.Games: Multiple coins, multiple games


View Profile
May 11, 2022, 05:59:04 PM
 #120

Centralized exchanges aren't going anywhere, they will become more regulated though. Going along with your thought exercise though, a smart contract would emerge that integrates non-smart contract blockchains and allows trading, like the internet computer or Flare/Songbird.

Probably so. Considering that centralized exchanges provide big taxation benefits to mainstream governments, it's unlikely they'll disappear from the face of the Earth. As long as "money talks", nothing else matters. Unfortunately, centralized exchanges will become more regulated (or strict) due to government pressure. This will bring some hurdles/obstacles crypto/Blockchain tech was meant to avoid in the first place. The more regulations imposed within centralized exchanges, the more the crypto industry will resemble traditional banking.

At least, there are decentralized solutions available. Things would've been worse if crypto was closed source and completely centralized. With an ever-growing number of decentralized exchanges and P2P trading platforms, getting access to crypto without going through KYC is a no-brainer. I'm pretty sure crypto will survive for a long time because of its resiliency. Just my thoughts Grin

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
Pages: « 1 2 3 4 5 [6] 7 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!