Centralized systems are here to stay, says Binance CEO CZ

[newshunter]

Centralized systems are here to stay, says Binance CEO CZ

Binance CEO CZ debates Ponzi schemes, DeFi and how Binance chooses coins for listing in a New Year video.

Source: Centralized systems are here to stay, says Binance CEO CZ

Would appreciate your opinion about this

[Gravatai]

I think so too, because there are no ideal systems. Everything has its drawbacks and positive aspects. I feel safer trading on centralized exchanges and using centralized services. But the idea of ​​decentralization is good and it has given the financial sector development that continues and has given us many useful products.

[codehash]

CZ built the BSC network. If the central structure is disappointed, he has a place to escape. He strengthened his hand in both lanes. The most powerful person in the cryptocurrency world. Therefore, it relies on centralized structures.

[TomPluz]

Though we can say that this observation can be biased since we know that CZ built his main platform the centralized way but I am sure that we know he is telling the truth. There remains many advantages of the centralized systems that make them really attractive to many people. However, it does not mean that DEX will not be growing at a good pace...both of these options can be gaining grounds at the same time. The most important thing is that we have good choices. In the future though - maybe 5 to 10 years from now am sure that DEX will be improved a lot and can be gaining the upper ground in this market tug of war.

[Senin]

I think so too, because there are no ideal systems. Everything has its drawbacks and positive aspects. I feel safer trading on centralized exchanges and using centralized services. But the idea of ​​decentralization is good and it has given the financial sector development that continues and has given us many useful products.

In my opinion, centralization in cryptocurrency will even increase slightly as states gradually tighten regulation of cryptocurrency. On the other hand, the golden mean between centralization and decentralization will be polished in the field of conditions for the circulation of cryptocurrencies. It is still difficult to say which model we will come to in the cryptocurrency market. Most likely, it will be diverse and heterogeneous. In some places, decentralization will prevail, and in others, issues will be resolved in a more centralized manner.