Bitcoin Forum

Sometimes I feel very bad that why we are being so hypocrite nowadays. Decentralized exchanges are being shut down because of a lack of investors and fund. Forkdelta asked 1000 USD fund to continue the exchange, just think about their condition! Because of our ignorance, expert devs are not coming with great decentralized exchange!  Where all the centralized exchanges are getting attention from us and that why they are becoming over volumed! I think this is happening because of us! We need to be changed to make a better, decentralized crypto world. Once Bitcoin had no value, we the people gave it this value, let's bring back that decentralization again, supporting decentralized exchange can be the first step. What do you say about it, guys? Leave your valuable opinion.

I feel your frustration regarding the condition we are in. Let them enjoy the centralized exchange, many people right now prefer CEX over DEX and I cannot blame them. CEX are easy to use compared to DEX. But I promise you my friend, there will come a time that DEX will surely conquer the whole scene. Decentralization of all things is inevitable because of the transparency and secured network it can get. You will see lots of centralized exchanges will develop their own decentralized exchanges just to cope up with the competition.

I agree with your point especially exchanges like forkdelta should boom because they provide us an open and basic platform to trade our tokens and it is really sad to see it struggling due to low trading volume. I also agree that only decentralized exchanges go with the essence and concept of crypto market but sadly they are not in trend at the moment.

Actually I'm also confused by all this. where it is not in accordance with the objectives of crypto ie everything must be transparent, a little confused sometimes see that the DEX volume is very small when compared with the exchange of centralization. the actual facts we receive are indeed like this, maybe later if everyone has regained consciousness. people's interest in an exchange is indeed in features, safety, and comfort. DEX, if it is seen, is too monotonous in my opinion, but I am sure that in the future DEX is superior, considering that it is also often related to data misuse.

Starting from your subject topic, as crypto individuals, we can only trade our tokens where they are available for trade, we invested to take profits, and we must always do that either on a decentralized exchange or centralized exchange.

Secondly, why do you mention donation of funds for forkdelta? no ill thoughts but, exchange platforms either cex, or dex are supposed to be ran and maintained duly without sourcing funds.

On another note, look at idex, a lot of people say they are centra/decentralized, but they adjusted to recent demands and are surviving just fine.

On some centralized exchanges, binance for a lead, you can now buy/sell bitcoin or other tokens with your card. When will decentralized exchanges give and try to offer a different product, unique and extremely acceptable ?

Do i support decentralized exchange, yes. Will i donate to them No.

I have no favs, i trade where i can depending on the tokens in context.

I love to trade in decentralized exchange than centralized exchange because of security reason (Many popular exchange prefer KYC now days). I tried couple of times though but lack of investor and popularity it's really hard to trade there. Not just Forkdelta, even giant exchange Binance also straggle with there decentralized exchange. They didn't get success which they aimed for. This article show some point why decentralized still rise up (https://dailyhodl.com/2019/12/22/why-decentralized-exchanges-failed-to-take-off-in-2019/).

Majority of people come to crypto for profits and not for decentralization, so it's no wonder that centralized platforms are more popular - they are easier to use, faster, more convenient, have higher volumes, etc. Decentralized exchanges will become more popular if they will improve themselves enough to compete with the centralized ones in terms of user experience.

To be honest Fork.delta was horrendous. I've never used such a clunky platform in my life.

Just because we want decentralization, doesn't mean we'll use the first decentralized exchange platform to come along, or the first decentralized alternative to currently popular platforms.

There needs to be a trade-off, if we're going to take reduced features, it at least needs to be usable. The trade-off should be in terms of features, not usability, otherwise they'll never take off.

Also, most DEX's simply can't handle the trade volume CEX platforms see. I suspect when one does finally arrive, people will flock to it in droves.

It won't changebecause centralized exchanges have 2 advantages.

The first one is that they have an established position on the market and that means a lot of money for advertising. A newcommer will automatically get directed to centralzied exchanges. They won't even hear about decentralized ones to have a choice.

The second one is convenience. People want trades to be as easy and as fast as possible and will sacrifice decentralization for speed.

Because to this day many decentralized exchanges that provide a mindset of prices will fall so that decentralized exchanges are not good and will kill coins or tokens that enter

To be honest, none of the centralized exchange has a good volume, it results low liquidity for assets and as a result people don't trade their. Decentralized exchanges are a little tricy to use also if you look at how easy to use CEX.
Where have you seen the necessity of the fund? Can you share links?

it is unfortunate that at this time many places of exchange like that have a lot of problems, at this time it is indeed a place of exchange which in my opinion has started to show a lot of cases of SCAM and will happen a lot in other places of exchange that use a decentralized exchanges platform.

Supporting dex is an awesome approach in order to help decentralization but we already have some dex and guess what? Most people are just avoiding and seeinh them as little progress compared to lots of centralized exchange such as Binance. For example there is a new project and hr has given choice to get listed one on dex and one on Binance Cex? Who do think the newly project will pick? Its not about dex has nothing to show off but the popularity of cex is above our pay grade.


I think you misinterpret centralized exchange to dex? Low liquidity? I dont think a centralized exchange Binance has low liquidity and only few people trade there? So many maybe.. Dex are the one losing value here.

There are DEX and traders would use what they feel that would give them a higher profit.
Just like other traders or crypto enthusiast that is also investing in centralized alt-coin.
We have different tactics on investment and in trading and we would use what is more comfortable for us.

The question is who killed the new tokens or coins entering the decentralized exchange? is it the party of the exchange itself, or the traders who frequently visit the decentralized exchange?

We want it but we can't depend too much with these DEXs because of our needs. Unlike in the centralized exchanges, they're almost complete with what we're looking for.
Embracing the reality is what we need and we can all hope for a better future and there might be some game changers that's coming to us. Who knows if a year or two by now, everyone will be liking how DEXs work.

Almost everyone that actually understands cryptocurrency are in favor of decentralization and decentralized exchange. But everyone needs to balance their needs and wants.
I want to use DEX to fulfill every of my trading and conversion needs but I'm not being able to do that. DEX still don't provide the complexity a centralized exchange would provide while trading. And with the recurring problems with DEX, there's no trustable DEX people could just head to. So, there are several things thats need to be improved as users are already tempted by the thought of decentralized exchange.

Though I got your point but I don't think Decentralized exchange ever will be accepted by every trader. Because they have lots of lacks and profit is very less for the technical team comparing to the centralized exchanges, As you said Forkdelta asking 1000 USD for funding, that shows how bad a DEX's situation! IDEX was the best Decentralized exchange but now they added KYC, very soon they may migrate into CEX. Running a DEX is not free and easy, so, developers won't spend their time on something less profit.

Most DEX's is either FAKE (Not decentralized at all), or has very little volume/liquidity.

Blocknet developed the first true functional DEX on the market (Early 2018), and a lot of trading has been done on their platform, including OTC trades, which is 100% trustless when performed on a peer 2 peer exchange like the BLOCK DX.

You can read more about the DEX right here: https://blockdx.com/

In due time, I'm sure we'll see way way more people using these DEX's, which is probably why the price of the BLOCK coin itself rised more than 300% just recently.  ;D

I hear you, funny indeed. I don't know why but people doesn't use decentralised exchanges. Look at Binance DEX they barely have $1M in daily volume, and their centralised exchange have $3B.

I think decentralized exchanges have not reached the necessary maturity yet, to begin with many of those exchanges that say they are decentralized are lying and we have seen this in the past with some of those exchanges asking for KYC, second they do not have all the features that an exchange must have and this makes them impractical and those two factors create a lack of liquidity in the exchange which makes them even less appealing than their centralized counterparts.

We all want true decentralization but I doubt if that will happen because centralization has made things easy with crypto. Most if the decentralized exchanges are difficult to use.

in my opinion, decentralization can not exist in entirety, there has to be a control measure to regulate things at a particular level or region in the space. Although, we complain about the regulations from SEC and other financial regulatory agencies but in reality, investors funds have to be protected. Massive adoption of projects can also eliminate, to an extent, the measure of centralization by regulatory authorities, that is when it is truely peer-to-peer.

Actually I understood your concern and it's right but there are various reasons which affects this. First, how many decentralized exchanges are easy to use? How many have good volume? How many are fast? How many convinent and have good UI? It's not like they were abandoned rather it is some of the issues surrounding them. Any project can list on any exchange and even grow from there if properly managed; there are projects which started from decentralized exchanges but yet the users still clamoured for other exchanges because of volume. In my own opinion, I think if there will be a decentralized exchange which can offer some of the features of  centralized exchanges it will draw attention and the neccessary competition.

Alas, the crypto market itself dictates such rules. In addition, DEX exchanges cannot offer a sufficient level of liquidity, which is the biggest problem.
Also often on such exchanges there are problems with speed, both with the speed of transaction execution and with the speed of order execution.

Probably, to implement all of what you have said, you need a new kind of blockchain technology.

No only few want that. You can see and say that proven that most crypto users prefer to use centralized exchange over dex.

Thats the thing also. Most dex cannot match the services the centralized can offer. In terms of trading and processes. Ive uses dex and so far I dont much complained or maybe the dex I used is just okay and not the one the others complaining. I think if many will give support to dex then it can work out. But mostly they just ignored many dex so why would it be a pure decentralization when clearly people wanted a centralized one.

that can be solved if we will have a propaganda and tell people to stop using centralized exchange and start to love decentralized exchanges  .

i dont know what this mean but it sounds too deep for my understanding  . i only understand the word convinient  . centralized exchanges are hassel because you need to sign up first to be able to use them but decentralized exchange works different , all you just need is import your wallet/private keys and your good to go  .

i heard binance already have a decentralize exchange aside from thier centralized exchange  . or you mean they need to built another one with hybrid features ?

I know what you feel bro but lets accept the reality where centralized exchangers would be much more preferred to be used by many.Why? the main reason is that
cex do have that crypto to fiat pairs which cant really be found on Dex ones which means people would really go to cex yet we know on how important on having that
option or feature on directly transact with fiat.Here's some question.. would you able to buy coins directly from your bank account on using Dex? Definitely not thats why
they do end up on that preferred option.

I find it difficult to use and that is one concern should be fixed or at least resolved by its developers. I want to use it as much as I can but the truth is that centralized exchanges are doing it better.

And the another one that's being pointed out by majority, the liquidity there is almost nothing which we can't really rely. I think we will be tied up with the use of centralized exchanges for a very long time.

scam exchange is actually not only found in decentralized exchange, but it is also found in centralized exchange, just how do we choose a reliable exchane



certainly traders, because usually decentralized exchanges often list coins / tokens unofficially but only include smart contracts. But it's not all like that.

It's not that is hard but people are not fond of using dex. For a non geek type user and trader like me, I am really wanted the set up of an exchang for centraized market. As you can see very simple though the decentralization is really being by pass but what can we do right?

You just cant blame the dex for not having the volume especiallt if its the project responsibility to provide liquidity. Yes dex arent popular but if the project has enough potential I dont think even small dex cant be swarm ny investors who are thirsty of a hidden gem right.

The biggest problem is not about DEX or CEX even though I agree that DEX has no liquidity (but that is because no users!). But so what if DEX has liquidity it just means we are all speculators.

The problem is people are still not crypto users. They keep their crypto with other companies not on their own. They do not use it, they hold it.

Not until we start seeing usable decentralized exchanges no one will like using them, DEX only knows how to keep your money safer than centralized but centralized exchanges offers the best experience IMO

Some altcoiners, especially newbies prefer centralized exchanges because they are simplified or popular or seems to be trustworthy. I can't stand KYC verification, so I always use decentralized exchange. 

I agree but decentralized exchanges as you note come with too many limitations and many traders are not willing to accept them when they can use a centralized option, just to give you an example, in my limited experience with decentralized exchanges they do not seem to support market orders and you can only buy and sell with limit orders, this is a big limitation especially for the trader with a limited amount of time, due to the lack of volume in those exchanges it can take a long time to hit your limit order and most traders do not want to wait that long for that to happen.

No one loves forkdelta like binance exchange, remember that same thing is happening with old and new projects in crypto space, no matter how good your project is if investors have no interest you are doomed