A goodbye letter to centralized exchanges
Your model was unsustainable.
Dear CEXs,
It's time we had this talk. Not about promises, we've had enough of those. About reality.
About those shared wallets you never let us see. About the constant movement between hot and cold storage without transparency. About the $24 billion that evaporated into thin air. About why 2025 will be the year we finally say goodbye.
I remember when you seemed inevitable.
"Trust us. We'll keep your assets safe. We'll provide the speed you need. Sure, we'll mix your funds in shared wallets, but we're different. We have proof of reserves!"
Then Mt. Gox fell. QuadrigaCX vanished. FTX imploded. Each name a lesson written in billions of lost funds. Each failure larger than the last.
You know what hurts the most? The auditors leaving. They took one look behind your curtain and ran. Your proof of reserves? Like checking a bank's vault while ignoring its loans. Theatre, nothing more.
But here's the fact that really stings: all this time, the solution existed. We just needed to build it.
So we did.
Now every trade has cryptographic proof. Every order leaves an eternal trail on IPFS. Every action is watched by Guardian Nodes that never sleep. Every promise is backed by locked revenue. Not trust, but mathematical certainty.
No more blind faith. No more shared wallets. No more "trust me, bro."
You offered speed but demanded custody. You promised safety but required trust.
We built security from cryptographic truth.
You claimed innovation but replicated traditional finance.
We are building the future crypto always promised.
It's not you. It's math.
The 90% of volume you hold? Consider it temporary.
The flippening isn't coming; it's already begun. Not with a bang, but with code. Not with promises, but with proof.
Goodbye forever,
The future of crypto trading.
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