Bitcoin remains decentralized and keeps self custodial right

[Cryptohygenic]

Once an Og said to me that "is a technological gift of financial inclusion".
Bitcoin as it denotes self custodial to users, and now that regulations is dominating the most daily activities recorded in the block chain, don't feel afraid with the Kyc platforms asking for your Kyc. Just live a sincere but keep your privacies. Especially when it is too valuable.

That really tell a lot more than just holding those funds we plan to use in the short time which we are aware it is the most reason many are holding on the exchange but have your investment account under full of your custody where you don't share privacy neither not with a third party.
Therefore, using the regulating networks is just a choice for users. P2p transactions especially in the exchange seems a lost of bitcoin security protocol for beginners these days and they think the self custodial concensus is broken.

[Hatchy]

It took me a moment to understand your post, but I’d like to respond to your title..Even though centralization is becoming more common, Bitcoin itself remains decentralized. Many users have lost sight of this due to new and the many regulations placed by the government. They’ve stopped prioritizing privacy and prefer using centralized platforms to hold their coins.
However, we’ve seen why this is risky, ranging from exchange hacks to physical threats against investors who didn't protect their privacy. The best way to stay private and secure is to use a self custody wallet. Don’t be misled by people who claim centralization doesn't matter..they often don't understand the core philosophy of Bitcoin.

[nakamura12]

Many people forget that bitcoin doesn't change from being decentralized to centralized because only exchange platforms does that due to regulations but people can still choose to use self-custody wallets to avoid using centralized exchange as long as they want and use centralized exchange when they want to buy or sell Bitcoin but because of that, some people didn't want that more likely due to not keeping their privacy secured and hence why they're storing their Bitcoin in a centralized exchange platforms.

[Cryptohygenic]

It took me a moment to understand your post, but I’d like to respond to your title..Even though centralization is becoming more common, Bitcoin itself remains decentralized. Many users have lost sight of this due to new and the many regulations placed by the government. They’ve stopped prioritizing privacy and prefer using centralized platforms to hold their coins.
However, we’ve seen why this is risky, ranging from exchange hacks to physical threats against investors who didn't protect their privacy. The best way to stay private and secure is to use a self custody wallet. Don’t be misled by people who claim centralization doesn't matter..they often don't understand the core philosophy of Bitcoin.

I won't be convinced, you understand me perfectly.
It is even like a psychopath side of them expecting to have same privacy that is only obtainable in the traditionally supported bitcoin core networking that are not regulated and gives full self custody of their privacies, instead they sticks to use the centralized exchange even with a full kyc and yet expect to have their privacies.
It is deceive when you are told there is privacy where there are authorities.

[0x000369]

I won't be convinced, you understand me perfectly.It is even like a psychopath side of them expecting to have same privacy that is only obtainable in the traditionally supported bitcoin core networking that are not regulated and gives full self custody

@Cryptohygenic

you're still missing the point a bit here op

bitcoin the protocol is decentralized by design that's just a fact

what's happening is users are choosing or being forced into centralized solutions for convenience or for compliance

that's not bitcoin's fault that's user behavior and state overreach

no one's a psychopath for wanting privacy that's the whole goddamn point of bitcoin in the first place

people just get lazy or get scared

and exchanges make it easy to be lazy

it's not about the protocol breaking it's about the users bending over

keep your keys keep your bitcoin simple as that

or don't then don't complain when you get rekt or tracked

[Mhizlove]

From my point of view you see bitcoin still gives users control over it even with the all regulations that guards it and the KYC platform is just about all about the loss of freedom rather am option that people can be able to choose, while the real problem here is awareness.

There should be an understanding on how long term is safer Wen it comes to personal custody while in short term an exchange won't be a bad idea, because it will be okay when using a short term,the system don't break during this period it's just that those who are new to the system see or are confused and took comfort with security. The only thing is that once basics are being learned and understood then we will see that self custody is still active or fully functional

[EL MOHA]

Many people forget that bitcoin doesn't change from being decentralized to centralized because only exchange platforms does that due to regulations but people can still choose to use self-custody wallets to avoid using centralized exchange as long as they want and use centralized exchange when they want to buy or sell Bitcoin but because of that, some people didn't want that more likely due to not keeping their privacy secured and hence why they're storing their Bitcoin in a centralized exchange platforms.

One thing is clear your choice of wallet or rather choice of custodianship either self or non custodial or with third party doesn’t affects bitcoin decentralization rather it’s actually affects your one anonymity and this is by far different from saying bitcoin isn’t decentralized.

If we say bitcoin isn’t decentralized we are actually saying something like bitcoin network is flawed where some miners or nodes have control over than others and things like transaction censorship where some certain transactions are actually picked and others are not because of certain rules. But has never never happened because the network is decentralized that all nodes have same power with miners nodes varying due to hash power.

We shouldn’t associate anonymity issue problem as bitcoin been decentralized because right from start bitcoin was actually not fully anonymous but rather Pseudonymous and it is the user choice to either stay anonymous or not

[Patikno]

It took me a moment to understand your post, but I’d like to respond to your title..Even though centralization is becoming more common, Bitcoin itself remains decentralized. Many users have lost sight of this due to new and the many regulations placed by the government. They’ve stopped prioritizing privacy and prefer using centralized platforms to hold their coins.
However, we’ve seen why this is risky, ranging from exchange hacks to physical threats against investors who didn't protect their privacy. The best way to stay private and secure is to use a self custody wallet. Don’t be misled by people who claim centralization doesn't matter..they often don't understand the core philosophy of Bitcoin.

I won't be convinced, you understand me perfectly.
It is even like a psychopath side of them expecting to have same privacy that is only obtainable in the traditionally supported bitcoin core networking that are not regulated and gives full self custody of their privacies, instead they sticks to use the centralized exchange even with a full kyc and yet expect to have their privacies.
It is deceive when you are told there is privacy where there are authorities.

For me, privacy can be truly considered privacy when we have complete control over our personal affairs, and no one can interfere. So, do centralized exchanges provide privacy? I don't think so; centralized exchanges can intervene whenever they want. What about private data? Well, centralized exchanges can identify you, especially after you have completed KYC, which can't be considered private if others know your personal affairs. By the way, just by visiting a centralized exchange website, you are already identified by them (your IP address, the hardware you use, and the software you use). So, do you still think that only you know your private affairs when using a centralized exchange?

According to the Cambridge Dictionary, privacy means "someone's right to keep their personal matters and relationships secret".

Reference : dictionary.cambridge.org - Privacy

[SilverCryptoBullet]

For me, privacy can be truly considered privacy when we have complete control over our personal affairs, and no one can interfere. So, do centralized exchanges provide privacy? I don't think so; centralized exchanges can intervene whenever they want. What about private data? Well, centralized exchanges can identify you, especially after you have completed KYC, which can't be considered private if others know your personal affairs. By the way, just by visiting a centralized exchange website, you are already identified by them (your IP address, the hardware you use, and the software you use). So, do you still think that only you know your private affairs when using a centralized exchange?

Privacy is very important even we don't realize how important it is for us but privacy is what it is, and is very important. There are enough reminders about importance of Privacy, risk of losing privacy, and many different risks with accounts at centralized exchanges as well as dangerous practice of storing our funds in centralized exchange accounts or online websites.

Reminder: do not keep your money in online accounts.
Why KYC is extremely dangerous – and useless.
Bitcoin privacy resources.
Bitcoin privacy guide.
Protect your privacy.
Events made you scare about custodial wallets, centralized exchanges.

[Bitcoin Smith]

I read a couple of time and I don't understand what OP is trying to say...

Do KYC but keep your privacy? How is it possible to do that? Someone should explain that to me.

Regulating/regulated network, good for the p2p users? What does that mean?

Bitcoin is still bitcoin, but if you are having them in an exchange or in a wallet that doesn't give you the seeds then you are not owning the bitcoin, just adding"Not your Keys, Not your crypto".

[Felicity_Tide]

The thread is a bit difficult to understand, but you have to know that privacy becomes a very big word when KYC is involved. The both of them are never used in the same context because they don't agree. The Bitcoin network is decentralized, there is no doubt about that, but it doesn't have anything to do with you choosing to give up your Privacy or not. Same thing goes for self custody. I hope you're not thinking that you can still keep your privacy even after getting yourself involved with KYCs?.

We always encourage self custody, because it gives you 100% for control and responsibility over your own funds. But In the case of privacy, that's totally a very big word, because it probably doesn't exist that much in times like this. I guess it ended with those in 90s.

[Ndabagi01]

That really tell a lot more than just holding those funds we plan to use in the short time which we are aware it is the most reason many are holding on the exchange but have your investment account under full of your custody where you don't share privacy neither not with a third party.
Therefore, using the regulating networks is just a choice for users. P2p transactions especially in the exchange seems a lost of bitcoin security protocol for beginners these days and they think the self custodial concensus is broken.

In as much as exchanges exposes your privacy which does not count in the consensus to which Bitcoin was built, you can still manage to hold your funds safely without having any third party have access to them. Self custody wallet is very important to move your funds to after buying from an exchange, it serves to make the buying and selling of bitcoins easier, but it does actually affects the whole Bitcoin consensus as to how it was created.

Beginners shouldn’t feel so bad that they’ve lost custody of their funds buying through an exchange or even Bitcoin security protocol broken, that system that helps regulate and make your funds safe with them for few minutes before into your self custody wallet needs to be appreciated also. They may be exposing your privacy, but there are better ways it was handled in the past and will not make your funds expose to hack or theft.

[NurseHub]

It took me a moment to understand your post, but I’d like to respond to your title..

Good to see that I'm not alone in this part, it's so difficult having no clear message except for the title of the thread.

Moving forward, there is no way I can get to live a modest live if I truly want to be wealthy, those who live a sincere live live with fear and has more to loss than those who are very tough with their actions.

I can give my KYC but the fact that it's not going to be secured and is prone to being used by criminals makes it more dangerous for me but if it only has to do with them knowing me well they have been knowing me not today they will stop for any reason but with proper use of security protocols of bitcoin you can be private in everything financial only showing what you desire to show.

[Zigabel]

Always store your assets in a non custodial wallet and if needed you can move a fraction of it to an exchange for p2p transactions, most persons do not understand this or they try to boycott the stress and would rather send everything to an exchange which pits them at the risk of been monitored as their KYC is already with the exchange but if you have the most of your assets in a non custodial wallet, it is only the fraction you moved to the exchange that will be seen others remains anonymous.

[Jewan420]

Bitcoin is always decentralized, no matter how much you present your information to the exchange. When you trade Bitcoin through a centralized exchange, Bitcoin is still a decentralized financial system. There is nothing wrong with Bitcoin here and Bitcoin is not being centralized. Rather, you are trading Bitcoin in a centralized manner, whereas Bitcoin only allows decentralized transactions. Bitcoin is not directly involved in centralized transactions.

[dzungmobile]

Bitcoin is always decentralized, no matter how much you present your information to the exchange. When you trade Bitcoin through a centralized exchange, Bitcoin is still a decentralized financial system. There is nothing wrong with Bitcoin here and Bitcoin is not being centralized. Rather, you are trading Bitcoin in a centralized manner, whereas Bitcoin only allows decentralized transactions. Bitcoin is not directly involved in centralized transactions.

Bitcoin's decentralization is itself from technical developments by decentralized Bitcoin developer community, to enough consensus in Bitcoin users for making a Bitcoin Protocol Upgrade, to its network in hashrate distributions and Bitcoin node distribution.

It's your personal choice to decide trading on a centralized exchange that only makes you losing control of your bitcoins and relying on that centralized exchange to allow you withdrawing your bitcoins after that. It's your choice, your responsibility but it surely does not affect Bitcoin decentralization.

Reminders on this risk.
Reminder: do not keep your money in online accounts.
Events made you scare about custodial wallets, centralized exchanges.

[JeffBrad12]

It took me a moment to understand your post, but I’d like to respond to your title..Even though centralization is becoming more common, Bitcoin itself remains decentralized. Many users have lost sight of this due to new and the many regulations placed by the government. They’ve stopped prioritizing privacy and prefer using centralized platforms to hold their coins.
However, we’ve seen why this is risky, ranging from exchange hacks to physical threats against investors who didn't protect their privacy. The best way to stay private and secure is to use a self custody wallet. Don’t be misled by people who claim centralization doesn't matter..they often don't understand the core philosophy of Bitcoin.

Self custody should be a right to everyone. Limiting the right and forcing us to hold our bitcoin in exchange doesn't make sense. It only make sense if the government ready to insure the exchange in case of collapse otherwise seems like a big disadvantage.
From what I see majority of countries are still allowing self custody though. Whether you choose a custodial or not is your choice. I personally used both, for trading and to store bitcoin. Sort of dividing between the two.

[Cryptohygenic]

Bitcoin is always decentralized, no matter how much you present your information to the exchange. When you trade Bitcoin through a centralized exchange, Bitcoin is still a decentralized financial system. There is nothing wrong with Bitcoin here and Bitcoin is not being centralized. Rather, you are trading Bitcoin in a centralized manner, whereas Bitcoin only allows decentralized transactions. Bitcoin is not directly involved in centralized transactions.

You probably did not get me right because I never said the decentralized protocol of bitcoin blockchain is broken.
My emphasis is that there are no coiners who are out there with no proper knowledgeability of bitcoin that get it misinformed that bitcoin is no more decentlized due to the invoke of exchanges demanding user's Kyc and does not give users their privacy keys to be full control of their funds or resisting censorships.
So the key note is that bitcoin do remains decentlized while the probability of users loosing custodial over their bitcoins depends on the type of wallet whether custodial or non custodial that they are holding the funds.

[fuguebtc]

The thread is a bit difficult to understand, but you have to know that privacy becomes a very big word when KYC is involved. The both of them are never used in the same context because they don't agree. The Bitcoin network is decentralized, there is no doubt about that, but it doesn't have anything to do with you choosing to give up your Privacy or not. Same thing goes for self custody. I hope you're not thinking that you can still keep your privacy even after getting yourself involved with KYCs?.

Bitcoin's real power is selfcustody. It is decentralised because you will have your private key. No third party like a bank or exchange can freeze, seize or even block your coin

When you put bitcoin in your wallet there is no KYC or ID card required for your wallet. It maintain your privacy and complete control over yourself. On the other hand the platform that ask you for ID verification, they actually keep your keys to themselves. And therein lies the trouble, which is called counterparty risk. Because then you have to rely on that site and there is government surveillance

[xbetz.io]

Bitcoin itself is still decentralized at the protocol level. The consensus rules, node distribution and open-source structure haven’t changed. What has changed is user behavior. Many people choose exchanges because it’s easier, even if that means giving up control. Self-custody isn’t broken, it just requires responsibility. And not everyone wants that responsibility. In the end, the important part is that the option still exists. The choice between convenience and sovereignty is still yours.