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Why do you say "will people keep using crypto when they are forced to use centralized..."? They are not forced to use centralized services to issue, custody or
by argvargc 6y ago
Why do you say "will people keep using crypto when they are forced to use centralized..."?
They are not forced to use centralized services to issue, custody or trade cryptocurrencies. They never have been since the space was born in 2009, and - accordant with the its fundamental structure and purpose - can't be.
That's... kind of the whole point?
Surely, if centralised exchanges were to turn out to be a net-negative place for users to store and exchange crypto, users on those platforms would simply pivot back to join the much larger userbase using decentralised and private alternatives from which they left?
The main reasons they left were because in early development they were difficult to use, easy to make a mistake, and volumes were low. That's certainly not still the case after 11+ years of development.
(And I wouldn't necessarily describe as "small", a market cap roughly matching that of Apple's stock.)