This is like the 10th KYC thread I've seen just this month. It seems as people are starting to see the problem with KYC on crypto. It's pointless basically.
Smart money is accumulating projects like Blocknet, Komodo etc, as these projects works on Decentralized Trading solutions (DEX's). Eliminating the need for KYC, accounts, registrations, personal info, you name it!

A real DEX can't be shut down, you can compare it with downloading torrents, which is essentially you downloading off of something else who seeds the file. You can close ThePirateBay, but it doesn't remove the torrent itself.

There's a reason Binance felt the need to make their own, since DEX's could easily become the industry standard.

I'll take 95% decentralization over any centralized option out there any day. Agree that BTC has a few centralized points, due to the way it's mined. Actually more a fan of POS, however these are prone to 51% attacks if the supply isn't diversified enough amongst it's users, meaning a whale could potentially buy up more than half of it's supply over time.

It's a funny discussion, since it proves that more and more people is starting to actually care about this topic, meanwhile we see everyone trade their favourite cryptocurrencies on centralized exchanges, which is as close to as centralized as you can get. It boggles me every single day, that no one seems to scare, I guess everyone is just in it for the money Haha! 

I have a strong feeling that once people actually DO start to care, that projects like Blocknet for example, will be major players, since their DEX solutions will off set peoples need to stay anonymous while trading. As the bigger players are entering the scene, with millions of dollars to play with, I'm sure a LOT of these guys, would love to hide their money this way. As we've seen so many times, the rich and wealthy hides the majority of their money from the tax man, I wonder why 

A DEX is not owned by ANYONE. Jesus christ, does nobody here even understand what a REAL DEX is? A real DEX is DECENTRALIZED - Meaning NO one controls it. Sure you can "start/launch" it, but once you've done that, it's no longer in YOUR control. Any "DEX" claiming otherwise, is not a real DEX. Simple as that.

This means, that while the devs are asked to pull down their DEX nodes by the governments because it's "illegal", it doesn't make the DEX dissapear. It's the same as when they shut down ThePirateBay. Did torrents and file sharing die? NO!!!!

Not trying to offend anyone here, but it frustrates me that nobody seems to understand the bigger picture here!


What is your point? That's like arguing back in 2010, that BTC was useless, because it didn't have an exchange? Or claiming that Facebook would never succeed, because we had Myspace.. The crypto world is forever changing, and if you invest based on what's happening RIGHT NOW, contra what you believe will be BIG someday, you wont profit as much.

This is the same logic as saying: "Naah, Why would I buy BNB coins for $0.1. This exchange has NO VOLUME" Yet we've seen the price rise to $20+ since these guys listened to the crypto community.
Let me ask you a different question, WHY did Binance launch their OWN "DEX" ? Answer me that.

Invest based on market trends, and what you believe will be the next big thing.

Personally, I believe DEX projects will be the next thing, as we've seen a multiude of new DEX's popping up lately. I'm sticking with what I think is the best one for now though. Blocknet, who's been developing this since they launched in 2014.

The central banks are afraid of losing power. That's pure FACT, they are afraid of losing their control over all of us, and decentralized trading platforms like the Blocknet DEX, including many others scares them.

You can move incredible amounts of money anonymous with these DEX's in the future, with no one knowing. You can't audit these exchanges, force KYC, or anything else like it.

This is bullish news, once again!

You're clearly missing the bigger picture here dude. Cryptocurrencies was invented to give power back to the people. Centralized solutions benefits those who run it, and not the people per say.
Adoption is happening, and quicker than I had ever imagined.
Did you know you can get paid your salary in BTC in New Zealand? Or that 25,000 stores in France is gonna accept BTC by next year?
Adoption is happening, and fast

No it's not. What makes you even think that? A real DEX is not owned by anyone. Based on your logic, everyone of us would have to undergo KYC every time we access the internet, which isn't true at all. Use a prepaid phone, and jump on an open Wifi connection, and you're pretty much anonymous.

I think you need to do some research here buddy, as decentralized trading works just like when you download torrents. These transactions happens between users, and no one else.

True! A friend of mine has traded on DEX's for a few months already, and otherwise used exchanges with no KYC. He's a very "private" person, told me NOT to tell anyone of our friends that he even owns any crypto.
There's a LOT of people who straight up AVOID exchanges with KYC, because they want to remain private. Makes sense, it's the reason BTC was created in the first place. It's nobodys business what you trade and hold.

A real DEX cannot be shut down, since it's owned by nobody. It's run by users, not any company. Even if some government tries to force down the DEX, or ban it, they wont be able to.

1) I wont invest in ICO money grab projects.

2) I'm investing in proof of stake projects almost exclusively (besides BTC)

3) I'm investing in projects with working products, and active developments.

I'm accumulating BLOCK right now, since it has so much potential coming the next bull run. It's an old project, but with a working project. They never HYPED it up like projects such as "NEO", or "TRX", which I like.

Their DEX works pretty well, and I'm sure more and more people will realize how awesome and convenient it is trading without risking your funds on centralized exchanges.

It's answerered in their latest AMA:  https://www.reddit.com/r/theblocknet/comments/dieqsv/blocknet_ama_thread/

It will hopefully get support eventually

BTC, ETH, and perhaps XRP.  These are safe bets.

One could speculate that the next bull run could be even bigger than the last one due to institutional investors, and rich/wealthy people including big corporations wants to join in.
Some of these entites might not want to disclose their holdings, or fear that their private info's are exposed to leaks (Like we saw with the Panama Leakage a few years back!)

So a project like Blocknet, isn't a bad hold either, considering that DEX's will quite possibly yield HUGE demand moving forward. Blocknet made the first working DEX on the market, and yet is so inexpensive to accumulate right now, considering it supply is so small.
Binance knew DEX's would likely dominate at some point, so they made their own "DEX", which is fully controlled by them, so it's not really that centralized sadly.

Recently got interested in Blocknet, and actually found this thread through search. Surprised that this project doesn't get more attention than it does currently, considering what they have accomplished already with a working product, and decent exchanges.
It's seems like people only care about NEW projects, no matter how shitty they are or what they promise.
This one seems solid, and I'm buying as long as it's as undervalued as it is. I'm sure Blocknet's true evalution will show some day once the market matures a little.

This exact thread and all it's replies is the EXACT reason why you should look into DEX projects like Blocknet, who was the first project to develop a working DEX.
It's by far the best DEX out there, and I believe it will outperform a LOT of alts next bull run for this very reason.

Happens when BTC enters a real bull mode again. BTC has gone up and down for the past 2 years, never reaching a new all time high, the vast majority of people doesn't care, but don't be fooled, a new altcoin season WILL come eventually.

There is so many crypto use cases, partnerships, services, and products coming, that eventually people will start to speculate again, it's just human nature really.

A trend I've been seeing lately is that most people are SICK of KYC and sharing their personal details everywhere, which is why I believe DEX projects like Blocknet will be MASSIVE performers moving forward.

Care to share what makes BisQ stand out? I'd love to know

I saw this Binance scandal right here: https://www.youtube.com/watch?v=JSCAelH_iuk

I stopped trading at Binance from the moment I saw this video. No joke

Stakenet's hardware wallet is just a tiny piece of their project. They work on Lightning Network dApps, which will be extremely convenient to use as a consumer, since it allows for unlimited transactions/s, and instant trading on their Lightning DEX.

There are like 3 very known hardware wallets, more on the market means more competition, which means a better product to the end consumer. That's a good thing!

Thanks I'll do that!

Any ETA on final release?

Well, I guess the exciting part here is that, Stakenet is not only building their own Hardware Wallet. They are building their own Lightning DEX, multi currency Lightning Wallet, and much much more. The Hardware wallet is just a tiny bit of their project, which is kind of cool