[xtracto]

I remember when WikiLeaks first decided to accept Bitcoin's for donations. Nakamoto cautioned that Bitcoin was not mature enough fr something like that.

I think that the problem with the Cryptocurrencies movement has been that the use peopel want to give to it has surpassed the technological advances that it provides. At some point, the ETH network will get there, providing "trustless" alternatives for a lot of the stuff that CeFi services are giving. But that is still several years away.

[gjulianm]

And at the point that the ETH network provides its alternatives, centralized services will have better products, more users, and more features simply because building centralized services is far, far easier and less time consuming than building decentralized ones.

[bornfreddy]

Well yeah - but they still won't be decentralized.

If that proves to be important in the long run is something that we will see in the future, of course.

[gjulianm]

> Well yeah - but they still won't be decentralized.

But people don't care too much about that. If so many crypto users, who we can assume are more informed and care more about decentralization than the average person, massively flock to centralized exchanges, why would the general population use decentralized services if they're worse?

[bornfreddy]

Right now they are flocking away from them. We'll see.