3 ms·
The exchange market is currently in the process of decentralizing. Counterintuitive, perhaps, but it's happening.
by waterlesscloud 13y ago
The exchange market is currently in the process of decentralizing.
Counterintuitive, perhaps, but it's happening.
- dragontamer 13y agoIt sure is, because Mt. Gox messed things up with their customers. Mt. Gox WAS the central exchange for some time, but they have squandered their position. Anyway, the forces of physics can be resisted: A thrown ball goes against the flow of gravity, and even Airplanes and Birds can fly for extended periods of time. But in the long term... almost everything follows gravity in the long term. Similarly, centralizing market forces (in particular: the formation of "natural monopolies") are a known and documented phenomenon. But in the long term, the BTC Market gains more benefits from centralizing... than decentralizing.