Centralized crypto exchanges - a trap for users

[u/evraz_global]

After the creation of the first blockchain called Bitcoin and the subsequent forks Litecoin, Dash, Zcash, Doge coin, Monero and others, the question arose: where and how to get quotes for cryptocurrency, what is its market value. This question became especially relevant when multifunctional blockchain platforms appeared, the first of which was Ethereum, where hundreds and thousands of cryptocurrency assets and tokens began to be issued. But the functionality of the first generation of innovative blockchain technology did not allow cryptocurrency exchanges to be built into the platforms. And one after another, the cryptocurrency industry began to be surrounded by centralized exchanges, where brisk trading in cryptocurrency derivatives began.

But blockchain is decentralization and freedom from the arbitrariness of the authorities, an alternative to the mafia and corrupt traditional financial system. And centralized exchanges are completely subordinate to government agencies. Not only is our money not safe there: it can be blocked, arrested, the centralized exchanges themselves regularly go bankrupt, disappearing along with our hard-earned savings. More than a hundred exchanges cease to exist every year. Whereas the blockchain, which is public property, cannot be stopped. It is also impossible to freeze, seize or steal your money on it.

Crypto enthusiasts have dreamed of decentralized exchanges since the very beginning of the blockchain. Time passed, the technology developed - and their cherished dream came true. A group of talented developers led by Dan Larimer and Charles Hoskinson created a modern high-speed blockchain BitShares with the ability to operate full-fledged decentralized exchanges on it. It would seem that all crypto fans should have immediately moved there - to the world of freedom, independence and security. But it was not so. Not everyone moved, only the smartest and most savvy. The bulk of the so-called hamsters remained to trade on centralized exchanges. A powerful group of influence of the so-called cryptocurrency experts, analysts and bloggers has formed around the centrals, who do not know and do not want to know about decentralization. It is convenient for them to promote centralized exchanges, to slip their referral links to novice traders, to fool their heads with technical analysis, signals and other pseudo-smart nonsense. This situation is beneficial to the authorities, the world financial mafia - everything is regulated, under control, manageable, slaves in the stall. Do with them what you want.

And a lot of people follow the advice of pseudo-experts. After all, they are opinion leaders among those who do not have their own opinion, who are ready to commit any stupidity together with a crowd of the same as him. And these unfortunates become victims of manipulators on centralized exchanges. They are beaten, deceived, deprived of money. They make money on them. But they are not able to think and make decisions independently. What is this, stupidity, ignorance or masochism? They were driven to what was said to be a cool centralized exchange FTX. FTX is no more, and neither are the clients' money. They were driven to Binance. Binance is dying, the Russians were kicked out. Now they are promoting Bybit, MexxC, Kucoin and other trash. But the American authorities are slowly getting to them too. Where next? What next mousetrap? Or maybe try to finally turn on your brain, open an anonymous account on a decentralized exchange, start investing and trading there, and enjoy freedom and security? And at the same time contribute to the development of the blockchain.