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The narrative predictably shifts. It is no longer that bitcoin is not backed by anything, nor that it is flawed as a currency; instead, the debate centers on regulation and government authorities. In the final stage of grief, it is actually that bitcoin works too well, and as a consequence, the government will never let it happen and ban it. Really? So human ingenuity somehow re-invents money in a technologically superior medium, the consequences of which are mind-bending, and the government is somehow going to ban that? Recognize that in claiming as much, the skeptics are admitting defeat. It is the dying whimper in a series of failed arguments. 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According to Antonio Gallippi, a co-founder of BitPay, 'banks are scared to deal with bitcoin companies, even if they really want to'. In 2014, the National Australia Bank closed accounts of businesses with ties to bitcoin, and HSBC refused to serve a hedge fund with links to bitcoin. Australian banks in general have been reported as closing down bank accounts of operators of businesses involving the currency; this has become the subject of an investigation by the Australian Competition and Consumer Commission. Nonetheless, Australian banks have adopted the blockchain technology on which bitcoin is based.bitcoin rotator wallet tether bitcoin blockstream konvert bitcoin nicehash bitcoin capitalization bitcoin символ bonus bitcoin 777 bitcoin monero address monero обмен bitcoin регистрации майнинг tether enterprise ethereum ssl bitcoin сигналы майн ethereum How to mine Bitcoin: a miner mining Bitcoin. bitcoin transactions Click here for cryptocurrency Links The Pros and Cons of Cryptocurrency Decentralized Exchanges Trading crypto on a decentralized exchange can be a blessing and a curse by Brad Stephenson Updated on July 17, 2019 Man in glasses with a laptop, trading cryptocurrencies primeimages / E+ Cryptocurrency What Are Bitcoins? Tweet Share Email Decentralized exchanges are a popular way to trade Bitcoin and other cryptocurrencies without the restrictions of larger centralized platforms. They allow users to buy and sell cryptocoins from each other without the involvement of a middleman or a third-party. All decentralized cryptocurrency exchanges require users to register for an account before they can trade however once they do they can list cryptocoins to sell, or buy someone else's, almost immediately. Here are some of the positives and negatives relating to selling crypto on a decentralized cryptocurrency exchange. Decentralized Cryptocurrency Exchange Benefits Decentralized Servers - Many decentralized cryptocurrency exchanges are hosted on decentralized servers. This means that all of their servers aren't located within a single location and are often spread out around the world. Some servers can even be truly decentralized by existing solely in the cloud. This method of hosting can make decentralized exchanges much harder to hack than traditionally hosted exchanges, thus making user data and funds more secure. Not Restricted by Law - Not being restricted to one physical location, decentralized cryptocurrency exchanges are much harder to regulate or even shut down. This can be good news for users of Bitcoin and other cryptocoins who live in countries where cryptocurrency is illegal. More Privacy - Most decentralized exchanges do require the creation of an account before you can begin trading. However, unlike more centralized exchanges such as Coinbase which needs to confirm users' identities via various forms of official government ID, most decentralized exchanges allow anyone to create an account under any name they choose with very little or no approval process. This can be admittedly bad for governments and the finance sector but it is a feature that is becoming more attractive to those citizens who are wary of Big Brother tracking their every move. Coin Responsibility - Centralized exchanges store all of the crypto funds placed on their exchanges which can potentially make them vulnerable to hackers. Decentralized exchanges on the other hand often leave ownership of cryptocurrency in the hands of their users and simply act as a place for peer-to-peer trading. Decentralized Cryptocurrency Exchange Dangers Still an Option B - Traditional centralized cryptocurrency exchanges are generally much more popular than decentralized ones and as a result often have many more users and active trades. Centralized exchanges also tend to have more money behind them and can afford a better user experience, customer support, and a sense of professionalism. Mysterious Ownership - Because decentralized exchanges can be used to avoid regulation, many choose to keep their founders' ident...