Crypto's over reliance on CEX will be it's downfall.

Just look at Monero. It has everything to be a top 5 currency by market cap yet all it took was a little regulatory pressure from the US/EU and it completely missed the bullrun. Now it even lags behind useless memecoins.

All it takes is some semitic US congress committee to accuse BTC of "funding hamas" or some bullshit like that and all the major CEXes will delist it, sending it's value crashing down to 3 digits or even 2.

>>60577838 (OP)
The entirety of the ETH and SOL ecosystems are built around DEXs, all we need is real adoption and people in those ecosystems won't even need a CEX.

>>60577838 (OP)
Bitcoin is like a debit card monero is like a dirty cash

>>60577838 (OP)
>darknet market settles in btc
not sneeded

>>60577838 (OP)
BTC is the most reliant on CEX’s and this has resulted in fractional reserves tanking the price of the entire market. Altcoins are taking the worst of the beating as a result, but BTC would be over 600k rn if people actually were buying BTC and not IOUs.

Bitcoin is certified kosher

>>60577838 (OP)
Uh without CEXs crypto would be worthless.

>>60577862
DEXes are reliant on usdc and usdt

>>60579549
Incorrect, idk about SOL but when you graph the liquidity for DEXs on ETH you find that it primarily revolves around 3 assets, in order of prominence
1. ETH (either as WETH or alone, depending on the DEX)
2. USDC
3. USDT

so even if USDC and USDT were to die, there still would be liquid pairs with ETH, e.g. WBTC/ETH or AAVE/ETH

>Just look at Monero.

It 3xed after the Binance delisting & Retoswap has already done over 70 million in p2p Monero volume. Cope harder.

>>60579515
That's true, but without DEXs I would have to pay taxes.