2 ms·
>If you believe in crypto If you believe in crypto, why would you invest in a centralized exchange? Seems antithetical to the principles of cryptocurrencies.
by itsoktocry 6y ago
>If you believe in crypto
If you believe in crypto, why would you invest in a centralized exchange? Seems antithetical to the principles of cryptocurrencies.
- doggosphere 6y agoThere are many degrees of "crypto-ness". For me the most important aspect of decentralized assets is separation between money and state; challenging government monopoly power over money. That said, there are conveniences and advantages to centralization. Centralized exchanges help supply and demand meet quickly and efficiently. I think its possible for those systems to live together productively. There is freedom when I choose to trust and consent to other willing parties to take control of my assets. The problem arises when we are compelled to give up control by force of law.