Perhaps the most important premise of the blockchain technology underlying cryptocurrencies is the issue of decentralization. Are the stock markets, which are gradually turning into a large and centralized structure, creating a contradiction?

After Binance CEO CZ announced the principles with an emphasis on “transparency”, it has been on the agenda many times in the cryptocurrency world. “decentralization” The fuse of their conversation was lit again. The last event that caused these discussions to resurface; FTX Global, one of the world’s largest exchanges, which officially began operations in Turkey in December 2021, went bankrupt.

This step was taken when Binance CEO CZ said they wanted and would buy FTX. “monopoly on a decentralized infrastructure” interpreted as the concept. A stock exchange from Turkey also got involved in the discussions with the statements of Kerem Tibuk, the founder of BTC Turk, on Twitter.

Kerem Tibuk was involved in the discussions with a series of posts where BTC Turk explained its approach:

What do these statements mean if we put the name of BTC Turk aside?

Kerem Tibuk does not only explain BTC Turk’s approach with this explanation. It also criticizes the activities of some of the world’s most established exchanges. For example, he argues that it is wrong for a high volume stock market to use this power and its client portfolio – to quote cryptocurrency in exchange for money.

In other words, it is argued that the stock markets, which have become centralized and have capital power, are actually using this power to direct the masses to make a profit. In such a case, exchanges are alleged to contradict the proposal of a “decentralized alternative economic model” underlying cryptocurrencies. On the other hand, BTC Turk, although it has the sensitivities of CE Kerem Tibuk’s statements, is in fact a centralized structure.

You can share your thoughts on these Kerem Tibuk sayings in the comments section.