Buying Bitcoin is easy today, because we have CEX and DEX. In the early days you would have to mine for it, visit scammy websites to buy it, find people for P2P on Bitcoin forums etc. The truth is - we need CEX.

We are all talking how crypto is complicated and the truth is that it really is but back in the days some stuff were worse then a Wild West.

We were witnessing CEXs behaving like banks. Wait, a lot worse then banks.

We are also talking about CEXs being pain in the ass with their shady business and multiple times we witnessed CEX leaving people that used their platforms with $0 and not even a goodbye letter.

Crypto is complicated and CEX is a necessary evil.

Trading volume would go down if there wasn't CEX. DEX is great, don't get me wrong, but I am talking about simplicity and for a lot of new folks understanding DEX is not easy at all.

I believe that crypto needs to be simpler, but people are working on making it easier and more user friendly. It takes time, and if we take a look how hard was to buy, sell BTC before we can see how much we advanced.

When Bitcoin was first released in 2009, you were able to mine it on your home PC. Mining it was pretty simple, it was CPU mining. Satoshi's idea in the start was "one CPU - one vote". Satoshi was thinking about "one IP address - one vote" but decided for the first choice because IP address allocation could be political.

Therefore he said "At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.”

People would find other people on Satoshi's forum that he hosted for his Bitcoin updates, news etc.

First official miner was Bitcoin Core, CPU miner. It exists even today. I wouldn't say that it would pay off but you can give it a try.

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Well I guess this dude picked a good wallet from the start

If you read it, you can see that he was using some BTCChina website. And this was only 5 years ago. Imagine buying it in those days. Don't lie me, I know that most of you would avoid in a wide circle some cex/dex called "BTCChina" even today.

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And this guy deleted his videos and thus BTC and lost millions.

"Some miners sold their coin on their website, others traded them on specialty forums"

In 2010. there was a faucet that was made by Bitcoin core developer Gavin Andresen - a website that would give 5 Bitcoin for free to anyone with a Bitcoin address.

Then there was biggest crypto exchange ever - Mt. Gox. that failed in 2014 when over 744,408 BTC was stolen + 100,000 missing because of a hack. They just "switched off" the website after transaction delays...maybe it is the origin of "not your keys, not your crypto" sentence.

With all the stuff happening with the SEC, Binance, Coinbase etc. I am thinking about selling part of my coins. Moved them all from exchanges, that is for sure. But with all the lawsuits, Binance leaving Netherlands, being investigated in France...I don't know... where there is smoke there is fire. I thinking about what to do. Maybe even selling part of my coins just to be sure that we won't see a huge price drop because of some criminals and thiefs like FTX, Luna etc..

But we need strong, regulated CEX that would be beneficial for everyone. Just not some crazy "destroy crypto" regulations.