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A comment on What in the Ethereum application ecosystem excites me. Parent comment

Re:What in the Ethereum application ecosystem excites me by yunohn on Tuesday December 06, 2022 @10:29AM (#33881579)
I actually know a few crypto enthusiasts who claim to use DEXes. When pressed further, you realise that it’s to avoid KYC/AML and taxes, not for decentralization principles…
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Re:What in the Ethereum application ecosystem excites me by jqpabc123 on Tuesday December 06, 2022 @10:43AM (#33881871)
In other words, "decentralization" is just a talking/selling point that evaporates on closer inspection down where the rubber really meets the road in the crypto market.

By going all crypto, you're rejecting fiat central bankers with some transparency and oversight in favor of crypto central bankers who have none.

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Re:What in the Ethereum application ecosystem excites me by mrguyorama on Tuesday December 06, 2022 @03:44PM (#33886753)
For crypto people, the problem with 2008 wasn't that big banks got bailed out on tax payer's dime, the problem is that they as individuals weren't the ones getting the bailout
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Re:What in the Ethereum application ecosystem excites me by DennisP on Tuesday December 06, 2022 @12:06PM (#33883411)
Avoiding centralized custody might get a little more popular in the wake of FTX.
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Re:What in the Ethereum application ecosystem excites me by jqpabc123 on Tuesday December 06, 2022 @01:44PM (#33885021)
Holding your own crypto wallet doesn't eliminate the influence CEXs have over the value of it's contents.
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