Finally they understand the value of Decentralization !

[vv181]

This is a clear indication that whenever a centralized market is baffled people are moving to a decentralized market to secure their funds.

It does not apply to decentralizing and centralized space only, it is a common human practice to always look for alternatives when something happens to the main object.
Decentralized finance happens to be the best alternative at the time so they turn to it, does that make them so see decentralized finance as better than traditional finance? it is hard to tell now but perhaps time will let us know that.

Decentralized exchange is a solution to their problem. At the time USDC depegged, some exchanges are limiting or closing the USDC pair trade, it is expected to address their concerns, people moving out of their USDC from centralized exchange onto a decentralized exchange where the trade could finally happen.

So surely, it is not the correct term that people move to dexes, specifically over the course of that period, since they merely try to jump out from USDC. If only, people aware of that occurrence, in the future they truly moving not merely using dex, then they could be called to truly utilize dexes.

[coupable]

It must be recognized that each type of platform has its advantages and disadvantages.
Unlike centralized exchange platforms, decentralized cryptocurrency trading platforms lack a number of useful features such as stop loss, margin trading, and others. These features are not added by decentralized exchanges, but centralized ones already boast of these features. These features also can be a major hindrance in a trader's performance.
Centralized platforms are also easier to use than decentralized platforms where users have to navigate through dozens of smart contracts. This can be an inconvenience, even for experienced users.

It's a fair comment, both have their pros and cons, no one is perfect when it comes to comparing the two. I don't know, why people are always waiting for the demise of a company or centralized exchange to mock and ridicule. While we also have thousands, millions of banks are still very stable to serve us. I think, whether it's DEX or CEX, it's just to serve us, to make our lives more convenient, so let's just use both for each appropriate case. All DEX or CEX, none of them are entirely reliable, use them for the right purpose and always have a backup plan.

Unfortunately, the truth is that people are often driven to use centralized platforms because of the banking culture they have acquired throughout their lives. They cannot bear the responsibility of keeping their savings, and therefore they do not mind handing it over to a trusted institution or entity for some fees. Even those who use decentralized platforms, I am sure that only a few of them are really interested in maintaining the greatest amount of privacy, and the rest are forced to do so if the token to be traded is only available on decentralized platforms.

[Ngewex Yuk]

Economic problems that often occur globally due to financial factors, the state feels that making a centralized fiat is better, of course the state has the power to print paper money, but when printing it certainly requires support such as gold and silver so that its value will be maintained, many countries experience inflation is more than 10% per year and it is certain that it will be difficult to overcome if you do not want to use the concept of decentralization.

[ololajulo]

This is a clear indication that whenever a centralized market is baffled people are moving to a decentralized market to secure their funds.

It does not apply to decentralizing and centralized space only, it is a common human practice to always look for alternatives when something happens to the main object.
Decentralized finance happens to be the best alternative at the time so they turn to it, does that make them so see decentralized finance as better than traditional finance? it is hard to tell now but perhaps time will let us know that.

They have always been after the system by discouraging and attacking the decentralized market to gain a large share of the project, monitoring and manipulating it, but many benefit more from it outside the region of this strong regulation against decentralization. unfortunately this region gives the largest investment for the space.

[Joshapat]

Many governments are afraid to use the concept of decentralized finance because they feel that the decentralized system creates many problems, but from the other hand, the decentralized system is very good because it gives an opportunity for anyone to develop, and when there are many problems, many people think that the solution to financial problems is decentralization.

[Ben Barubal]

     Decentralization is really good and this is the main reason why no government can control bitcoin, because bitcoin has a fixed supply so the authority cannot interfere with what concept it has.

     That's why it's still better to conduct trading activity on decentralized exchange platforms because I see it as safer for assets in terms of control system that is not in DEX.

[samcoin]

This news is really interesting and should excite the crypto lover a lot. Since we know that the crypto space is all about a decentralized environment and everything is trusted on the public ledger, the same thing was proven by the recent event of US bank collapse that happened recently. SVB lost its major players which were mostly centralized exchangers.

Honestly, I'm excited about this news, although it doesn't look like good news for the global economy. I feel that the stage for which Bitcoin was invented and presented is getting closer in every time we hear a new bank collapsing and going bankrupt. Indeed, the power that Bitcoin offers over value storing and transferring will attract a lot of capital into it, and Bitcoin rising by 50% after the SVB troubles isn't a coincidence. Therefore, I hope there will be additional hikes in Bitcoin price during this period as money is being moved from traditional banks to Bitcoin and other crypto currencies.
What the crypto sector needs now is to get rid of the relationship with the traditional banking system, and build a new system that has no relationship with traditional banks.

[BitcoinPanther]

Many governments are afraid to use the concept of decentralized finance because they feel that the decentralized system creates many problems, but from the other hand, the decentralized system is very good because it gives an opportunity for anyone to develop, and when there are many problems, many people think that the solution to financial problems is decentralization.

The government does not fear decentralized systems, government hated them because the government doesn't have control over the decentralized system.  The Government creates propaganda that a decentralized system such as Bitcoin is a Ponzi scheme or rat poison.  It is worst than the tulip bubbles just to make people lose their trust in Bitcoin.  They keep feeding the masses with lies to cover their mess.  But truth always prevails as we see the traditional banking systems fail over the course of their dominance even though the government is highly in support of the system.

     Decentralization is really good and this is the main reason why no government can control bitcoin, because bitcoin has a fixed supply so the authority cannot interfere with what concept it has.

That is why the government comes to a solution to use centralized exchanges to at least control the flow of Bitcoin transactions, if they can't control the system itself.

     That's why it's still better to conduct trading activity on decentralized exchange platforms because I see it as safer for assets in terms of control system that is not in DEX.

But the problem with decentralized exchanges is the limited feature, wherein,  is offered by the centralized exchanges, let alone the number of cryptocurrencies being traded and most important, the liquidity.  Until the decentralized exchanges are fully enhanced and offer services that are centralized exchanges had, we cannot avoid using centralized exchanges especially when we have altcoins in hand.

[siniminomorocomunisakito]

My view on this, I think Decentralization is very important also for the future of money but Centralized systems are also easy to attack, control or influence. This is highly speculative, and the market relies heavily on public perception rather than reality. While this was a correction, it was a steep one, indicating overall market panic. so it is very important to remember that for a person investing should not be more than you can afford to lose.

[Pejoh Asu]

The increasingly popular bitcoin makes many people think that the concept of decentralization is a solution to the many and complicated economic problems, inflation that often occurs because the government is not looking for a better financial system and only relies on paper money that is only given numbers, while decentralization is a good concept that rely on market forces.

[Smartprofit]

Both centralized and decentralized systems have their advantages and disadvantages. 

Centralized systems are suitable for making quick management decisions.  Centralized systems are also very well suited for concentrating a large amount of resources in one place.  At the same time, centralized systems need a built-in feedback system.  If this mechanism breaks or does not work well enough, then the centralized system collapses. 

Decentralized systems are flexible and highly adaptable. 

However, in these systems, it is often difficult to reach consensus quickly when a complex management decision needs to be made quickly.

In practice, it is advisable to combine elements of centralized and decentralized systems.  This will create a powerful and fast, and at the same time flexible and adaptive system.

[Paul Pogba]

Decentralization is a system or concept that was used thousands of years ago, at that time the transaction system used gold and silver so that its value would never decrease and last under any circumstances, the presence of fiat created chaos because the state no longer cared about what basis to print fiat, when problems occurred many planned to return to a decentralized system.

[firesurfer]

The financial system is flawed and should not be blamed on the banking system. The collapse of banks due to the Fed's monetary policy was too tough to maintain inflation. Printing too much money and raising interest rates too high significantly affects banks.
I only believe in Bitcoin because of the substantial decentralization of the network. Applications like DEFI always have liquidity problems. In the past and present, projects are often attacked or cause transaction errors that cause users to lose assets.

[Lubang Bawah]

If there are countries that dare to implement a decentralized financial system, it is certain that the economy will continue to improve, there will never be inflation and other positive things, cryptocurrencies use the concept of decentralization so that when there is a project that can control market conditions, it is certain that the project will fail, decentralization really depends on the market situation.

[South Park]

The financial system is flawed and should not be blamed on the banking system. The collapse of banks due to the Fed's monetary policy was too tough to maintain inflation. Printing too much money and raising interest rates too high significantly affects banks.
I only believe in Bitcoin because of the substantial decentralization of the network. Applications like DEFI always have liquidity problems. In the past and present, projects are often attacked or cause transaction errors that cause users to lose assets.

But banks themselves encourage that system, if banks were so unhappy with what the governments were doing you can be sure they would have already used their influence to change things up in a manner that favors them, however this system in which banks can collapse any day of the week is precisely what they are looking for, and this is because they know that if they get in trouble the governments will rescue them, so they can take all the risks they want and when they lose it is the people that pay and not them.

[fadhilz123]

If there are countries that dare to implement a decentralized financial system, it is certain that the economy will continue to improve, there will never be inflation and other positive things, cryptocurrencies use the concept of decentralization so that when there is a project that can control market conditions, it is certain that the project will fail, decentralization really depends on the market situation.

How do you know that countries that dare to implement a decentralized financial system will experience improvements in their economic sector? Have you seen any countries do this before, because I only saw about the adoption of Bitcoin in El Salvador which made the country continue to progress with a very good government system. But what needs to be known is that the country's progress does not all depend on Bitcoin, because the government also has income through other things such as tourist attractions.

[goldkingcoiner]

Decentralization and Blockchain is a new advance in our technological progress and as history teaches us, we take new technology in very slowly because it takes time not only to spread, but to be understood completely. Half of all people on earth are not very intelligent. And humanity can only go as fast as its slowest member.

So this whole time-lag in people adopting its quite understandable from an empathic point of perspective.

If anything I see this slow movement as a good thing (for us smarty pants) because it gives us an advantage of early adoption/investment.

[Fortify]

This news is really interesting and should excite the crypto lover a lot. Since we know that the crypto space is all about a decentralized environment and everything is trusted on the public ledger, the same thing was proven by the recent event of US bank collapse that happened recently. SVB lost its major players which were mostly centralized exchangers.

This followed the collapse of USDC the second-largest accepted stablecoin in the market. It lost its dollar ratio and had highly unstable circumstances.

Soon after the market got aggregated a whopping 25 billion dollars worth of volume is getting traded or exchanged over a decentralized market. This is recorded high all the way after 2021 trading volume. This is a clear indication that whenever a centralized market is baffled people are moving to a decentralized market to secure their funds.

It's clear that if the centralized market is relying on the banks then their funds are not secure and it could create a chaotic situations like FTX and thus everybody thinks their funds are not safe at all.

Decentralized crypto exchanges facilitated a record high $25 billion of daily trading volume on Saturday, according to Defi Llama data.
The previous high of $24.3 billion was in May 2021, when bitcoin (BTC) was worth roughly $65,000 and ether (ETH) $4,400.
Trading activity surged on a wave of panic as USD Coin (USDC), the second-largest stablecoin, lost its peg to the dollar following a short-lived banking crisis in the U.S.

The majority of trades took place on decentralized exchange Uniswap, with weekly volume of $31.7 billion. On the Curve protocol, meanwhile, traders rushed to flee USDC – a move that prompted an unbalancing of the protocol's equally weighted stablecoin liquidity pool.
Circle, the company that issues USDC, calmed concerns by reiterating that every USDC token remained backed by one U.S. dollar, despite having $3 billion in exposure to the troubled Silicon Valley Bank.
Volume across the decentralized finance (DeFi) sector has remained high in the wake of the depegging with a weekly increase of 255%, according to Defi Llama.
Traders' confidence in USDC was demonstrated by a surge in on-chain leveraged positions, with $70 million being at risk of liquidation if the stablecoin was to lose its peg again.

Decentralized Exchanges Posted Record $25B Daily Volume as USDC Depegged

I've literally never seen the term USDC before opening this thread, maybe that means I'm far outside the loop or they just never had mainstream reach. Either way, if the majority of trading took place through one exchange, that sort of signifies a type of rigging that was going on, because even one of these supposed stablecoins should be receiving a lot of interaction across many different exchanges. It makes you wonder if uniswap were somehow part of the operation that looked after USDC and tried to benefit in more ways than one. It doesn't mean much, as many cryptocurrencies have fallen over just as quickly and it's a rather bad point to make on that basis.

[Gormicsta]

This will inneed be a lesson for people, mostly for retailers and not CEO's behind crypto-projects.
One is expecting to hold dollars in a secure decentralized way, but when we talk about those full-backed assets, in reality there is not much difference from the risk of having one's money in the bank.

There is actually a disadvantage, since in this case, one (as final user) does not have a say on what bank to trust.

On the increase of volume, besides increasing from people trying to swap their tokens for other reliable coins on Uniswap, the volume could be also be due to people trying to pocket a buck, speculating on the value of USDC and arbitrage.

I believe we also need to analyze how a government-backed digital money might affect the financial sector. People might store and transact with their money online, reducing the necessity for traditional institutions. This might cause a disturbance in the banking system, and possibly even the abolition of banks as we know them. It is feasible that the government may become the exclusive supplier of financial services, with consumers no longer needing to go through a bank to get their money. As a result, improved knowledge may lead to increased interest in non-government-backed cryptocurrencies such as Bitcoin, among others.