Interesting read for sure. Betting on DEX's might actually not be such a bad idea, since I'd imagine it's an ever green market so to say. There will always be people wanting to transact without undergoing KYC, and DEX's is perfect for this.
There's been a lot of talk about regulation, DEX's, DEFI, dApps etc. I'm sure its a wise move to invest in these projects. |
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1.) This process is going on, but too slowly. And we need a result now and not "later." Therefore, we have to act in existing realities and choose bad (relatively beautiful future) options. 2.) Both options have their own risks. And both options are good in some ways, and bad in something. I need an option without flaws  Unfortunately, it is too early to hope for his appearance. In terms of anonymity, Monero is perfect, but in terms of adoption ... like all other cryptocurrencies  Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway. The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago. Right. But not all good projects ended successfully, some projects were supplanted by more successful ones (do you remember how quickly pagers disappeared?). As for the DEX's, I see an unsolvable problem: the state will never give up its powers and will always regulate this. But adjustable DEX is nonsense and nobody needs it. You cannot regulate a DEX even if you tried to. The Blocknet DEX cannot be shut down, not even by the devs themselves as they do NOT own it, nobody "owns" the DEX, which makes it truly decentralized. There will ALWAYS be a need for decentralized trading. You're pretty delusional if you think otherwise. |
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Easy answer: Make use of a DEX such as the Blocknet DX platform, which makes you trade on a peer 2 peer network with any person in the world. You can read more about it here: https://blockdx.com/ |
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Not sure if Blocknet's Litewallet (Multi Currency Wallet) will have staking enabled, but you can trade through Blocknet's DEX straight from the wallet, with a few clicks, without syncing up all the blockchains you want to trade. It's definitely gonna boost Blocknet's total trading volume, which will earn service nodes even more fee's.  |
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The idea that Privacy lovers can start using Dex exchanges more than any is highly possible but not all privacy coins will be delisted from Centralized exchanges, and again pray that this never happens, privacy coins are lagging presently and if eventually every single one of them get delisted from Centralized exchanges there will be problem, why? Dex has no good volume, bad experience overall, low Liquidity and Dex doesn't solve hacks
I see nothing wrong with delisting private coins from centralized exchanges. Any centralized exchange contradicts the ideology of private coins. I think it will be good if they are used for what they were created for - which means they will go past centralized exchanges and will be used directly by people. That's true, but there aren't really that many people who transact between each other, so privacy orientated coins fits nicely on decentralized exchanges. XMR is dominating the volume on Bisq from what I can see, twice as much volume compared with BTC, which is pretty damn surprising. XMR has recently been added to Blocknet's XRouter, which is pretty damn cool |
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There are so many projects you can hold right now. I've got some NEO (Just in case it takes off again), some Tezos, and some Bitshares.
Lately also accumulated Blocknet, which I believe has an amazing upside potential due to their passive income opportunities, consisting off:
Staking, DEX fee's, Oracle Fee's, and fee's from their improved Infura solution. Scarse supply, and with on-going development, this one is a true winner in my book.
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I think lightning network was already applied few years ago to bitcoin blockchain if I am not bad . But if I send right now some btc to another user it takes more than 10 minutes and the fee is almost $1.
Check this video, and look how fast and easy it is to trade via the Lightning Network. No technical skills required by using Stakenet's DEX. Just download, deposit, trade.. Easy as that! https://www.youtube.com/watch?v=wSNFhFBKmsc |
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Anyone who hasn't seen the DEX in action before, can see a small gif displaying it here: https://imgur.com/zSxobsVHere is an example of a user making a purchase of LTC from an ARB Aggregator which has been connected to binance (will be connected to many more DEX’s & exchanges in the future). Once it is sold in the DEX the ARB is buying on binance for a small profit. There's also this video, which shows a live demonstration of the DEX. Pretty damn cool. https://www.youtube.com/watch?v=wSNFhFBKmsc |
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That's pretty damn cool. After doing some research on the project, I've got no doubt in my mind that these guys are gonna get far. I saw this video a few days ago: https://www.youtube.com/watch?v=wSNFhFBKmsc - And was instantly sold on the project. Their DEX is among the coolest looking ones I've ever seen. |
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There is dex that is now easy to navigate just as bisq network, DEX today are somehow just as how CEX works. Developers will always find a way to make things easy and we are finally seeing more dex that are convenient to use. I promote the vitex.net because I'm a staker of their native coin. The volume of this dex is increasing as well.
Not that much when it comes to liquidity thing yet its comparable than to those CEX. Decentralization is good but those CEX platforms is much more preferable by most people due to some features which is absent or doesnt exist on DEX ones thats why people do still patronize on using in spite of its centralization but because they can trade out fiat pairs then they dont care that much. This thread might be old but this shows that theres no much changes in terms of demand or usage. CEX's is only mostly used because you can trade on Binance still without undergoing KYC. Look at the volume of Bittrex who enforced KYC before you can even open an account and trade. It's been plummeting down, everyone moved to Binance. If Binance is enforced to do the same over night, I predict volume on DEX will 10x or more over night. The total volume on Blocknet has 10x'd the past year, there's a reason for that. Everyone is sick and tired of all this regulation BS: Exactly the regulations are the most terrifying in crypto and today could get worse because the governments when the government tries to crack us down, wouldn't be easy to hide your properties because blockchain will not hide you from them. It won't be long that dex will have volume as well. Blocknet is just one that will be ready for it. True shit. I've been in the game since 2014, and never seen as much regulation as right now. On some exchanges you can't even deposit before you've set up KYC and verifications, which is utter BS. DEX's will give us that freedom back, I know it means we wont have access to FIAT (at least on a TRUE DEX), but making use of stable coins to play the market is pretty easy as well. I use it to scalp BTC profits from time to time. I'm sitting in stable coins right now, as I don't think we've crashed enough yet up to the halving. |
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Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.
I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.
That is really a great perspective like we should not allow money to move out of crypto world. Any staking method should encourage people to keep on investing within crypto world. I completely agree with you because each and every penny is more important if a concern about building more valuable future. When we are spending some $5 for VPS hosting every month then that will end up summing up very big money over the time and when we are calculating for thousands of crypto adopters then it will be a very huge money but it is going really out of crypto world. That is very bad. So, masternode concept should not be encouraged in my opinion too. You completely miss the point of masternodes.  Masternodes is not supposed to be hosted by the average Joe. A masternode is basically a server you setup, which is online 24/7. This is of HUGE benefit as it can take jobs benefitting YOU as the consumer. A network of 2000+ masternodes can host a multitude of decentralized dApps and services that empowers the blockchain it runs on. I'm paying ZERO dollars on my masternodes, as I use the Stakenet Cloud to host my nodes, this supports the project, and I'm basically just paying the VPS costs using parts of my profits. Traditional masternodes is useless as they don't do anything other than verifying transactions on the network, same as someone staking basically. You can run a masternode without a VPS on your own computer, but if you plan to run more than one, you wont be able to, as you need different IP's and hardware to do so. There's a lot of people to this day, who don't understand the underlying benefits of masternodes. I remember when I heard about "masternodes" back in like 2014-2015 implemented on Darkcoin (Now DASH) I simply didn't get it, and passed it as being "stupid", little did I know that it drove up the price of Darkcoin amazingly well due to the low supply. |
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Actually I like DEX to succeed, but as of now, I haven't send a DEX that is successful.
I am not familiar with the real purpose of the coin, but the way describe it, it pretty looks promising, but my concern really is, is there a potential for DEX to grow in the future when regulation are getting stronger in the crypto space?
DEX's can't be regulated as they aren't owned by anyone, which is WHY they'll succeed over centralized exchanges that CAN be heavily regulated Do you really think DEX can compete with CEX? How many DEX do you think have the highest volume and were able to deliver thier promise. The only benefit that I see about DEzx is that you do not need to go through KYC or registration apart from that there is zero benefits. You forgot the MOST important aspect of any DEX - SECURITY. When using Binance or ANY other CEX, you're essentially TRUSTING them with YOUR funds. As soon as you send the funds over to their exchange, you are no longer the true owner. If Binance gets hacked, and can't pay the damages, you'll everything over night. I'm NOT risking that, as I play around with a huge amount of money (Been in crypto since 2013). Not Your Keys - Not Your CryptoActually I like DEX to succeed, but as of now, I haven't send a DEX that is successful.
I am not familiar with the real purpose of the coin, but the way describe it, it pretty looks promising, but my concern really is, is there a potential for DEX to grow in the future when regulation are getting stronger in the crypto space?
DEX's can't be regulated as they aren't owned by anyone, which is WHY they'll succeed over centralized exchanges that CAN be heavily regulated What about IDEX that was changing its way to implement the KYC verification after SEC has sent subpoena to the team that was created idex? As long as you know who's running the dex and it can be regulated too. ED and FD have gotten subpoena too from SEC. IDEX was CENTRALIZED from the very start, which is why they where forced to implement KYC on their users. If you start a "DEX" and remain the owner, you're eligible to comply with national laws. A REAL DEX isn't owned or controlled by anyone, hence why it's decentralizedIn Blocknet's case, the DEX itself is ran by masternodes, and NOT the team itself. I'm pretty sure Binance is getting around these laws by being based in the Cayman Islands, which is pretty sketchy when you think about it. That's probably the biggest reason why I wont use their DEX, other than the fact that it isn't really decentralized in the first place, lol. |
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If you own 5000 BLOCK, you can run a service node, and make profits in terms of:
Block rewards
Trading fees from the DEX
Xrouter Fees
Staking Fees (Yes, service nodes will profit from staking fees as well)
Is's possible to earn all when we will become the service node? that looks interesting. The problem is not so many liquidity available in the market. Xrouter makes me interesting. I just hope block can be listed on more big exchange site at least kucoin to get the liquidity. That becomes the main problem when there was a good altcoin that comes the good product with various advantages for the node. Yes, you can earn from all 3 by running a service node, with the DEX fees being a real thing, and the remaining 2 coming in the near future. A lot of the "liquidity" you seem to find on other projects is basically just wash trading. I've gone through a lot of projects as of lately, listed on bigger exchanges, and it's very easy to pin point wash trading patterns, as the price of a lot of coins simply don't move that much with large quantities of coins being traded out of nowhere. Blocknet is listed on a few decent exchanges already, and the DEX volume itself has increased a lot the last few weeks, which is a great thing. Almost 10k daily volume some days, which is a good start - It seems as some of the trading of BLOCK which previously was at Bittrex, has now moved over to the DEX itself. Sounds pretty interesting. When is the XRouter seeing it's first release? I believe potential partnerships across the crypto communities would be an ideal start for this project to gain traction after the release of their XRouter - If they manage to do that, I'm sure Blocknet is off to a good head start |
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Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.
I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.
You can pay for your VPS using XSN via the Stakenet Cloud service at only $0.15/day paid in XSN per masternode. This means that I don't pay anything out of pocket to run my nodes. This is just one of many decentralized services. Stakenet invented Cold Staking back in 2017, meaning you can stake XSN while your wallet is shut down. Cross Chain Proof Of Stake (CCPOS) is coming as well, allowing you to stake XSN, and recieve ANY coin you want as reward. Meaning you can cold stake XSN, and recieve BTC if you want to  |
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We don't know if that project can rise 10x in the short term or not, even if we have valid data that can help the project to rise so high. The project needs to survive, and this is very important in the bear market because if the project cannot survive, then it is only a waste of time. And if Stakenet can survive, the next thing that the Stakenet needs to do is compete with the other project because I am sure that the other project will want to do the same as Stakenet. They will try hard to increase and convince people that the project is worth to invest.
Stakenet has no problems surviving as they'll be generating profits off of multiple services - Not only that but their dev funds are pretty well established as well. So no worries in that regard |
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This will be the second time I'd ready a post created on this forum pointing towards binance exchange and Centralized exchanges, the fact is binance got hacked years back and they paid everyone.
Do you think that decentralized exchanges are 100% safe? You are damn wrong if you have that mindset, do your own research and you will see that dex are breakable too.
If a dex exchange get hacked who will you blame or arrest? None I guess but for centralized exchanges we have someone to point finger to atleast, the only advice I accept here is never to keep coins on exchanges because you have no control over the coins anymore
A real DEX isn't breakable, as it's trustless - Seems like you need to do some fucking reasearch on your own, otherwise you wouldn't be posting this BS. A real DEX isn't owned by anyone, you don't "store" your coins on a DEX, you trade them straight from your wallet, since you're in complete control of your private keys of all times. Binance could afford the losses this time, what about next time? What if they fail to find find the money to compensate everyone? You seem to be blinded by the fact that centralized exchanges ISN'T safe at all, and that no matter what happens exchanges will be able to compensate you. How many exchanges have we seen hacked the past 3 years, with users NOT getting compensated as much as a dollar? A centralized exchange beats the purpose of cryptocurrencies - We might as well trade stocks, it's really no different at this point. Cryptocurrencies was meant to be traded peer 2 peer (like on a DEX), not with a centralized entity inbetween. |
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If XSN is money what is Bitcoin? I will advise you not to believe much in what the project owner said about XSN to be money like Bitcoin whereas XSN is just a copy cat like other altcoin we have in the market.
XSN can be used the same way as BTC. XSN can be used anywhere that accepts BTC payments over the Lightning Network. XSN can be cross chain traded like that, which is pretty damn cool. XSN can also be staked for BTC soon, via "Cross Chain Proof Of Stake", which means your staking rewards are sold for BTC on the Stakenet DEX, and given to you automatically. This means that XSN is accepted anywhere BTC is. Get the idea here? Otherwise I'd advice you to watch this very short video explaining it: https://www.youtube.com/watch?v=sXj3_qKSUBkXSN will not only allow BTC to scale, but also make it cheaper to transact with for consumers. XSN IS money, the same way BTC is. What makes XSN stand out compared to all the other "shitcoins" out there, is that XSN doesn't try to compete with BTC. How many times have you seen people compare transaction speeds and block sizes, trying to convince that "Digibyte" is faster and "better" than BTC? Trying to compete with BTC is nonsense, it makes NO sense, which is why XSN tries to ENHANCE BTC - Making it easier, and more convenient to use. |
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actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem
Not sure what you're trying to say here. The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node, it's completely different when you host a node on an already existent profitable masternode though, which also makes the whole thing decentralized I actually have seen one or two posts in the pasts from someone sharing their lightning node income and it's actually not bad at all. Satoshis actually do stack up and if you've got a good node connected to a lot of channels, those micro fees add up over a day, over a month. Plus we're talking actual btc, which is a hundred times better compared to any masternode income. I'd love to know how much profit those nodes accumulate, do you remember how much? As it's a secondary income, I wouldn't mind if the profits was low, but this is quite interesting to read. I'd love to know as well as I haven't seen much talk about profits in regards to operating Lightning Network nodes. With fee's as low as 1 satoshi, it requires a TON of daily transactions to be worth it long term. I guess you can set your own price if you setup a node though? As long as it's cheaper than a standard on-chain transaction, I don't see why nobody would benefit from it. |
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if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same
The Lightning Network can lower transaction costs by up to 90%+, which is a HUGE advantage. It also makes transactions near instant, as transactions happens off-chain - meaning you don't need to wait for blockchain confirmations. With all these advantages, I really wonder why the Lightning Network in particular isn't discussed more than it is, anyone know why? It seems like the OBVIOUS answer to scale BTC, yet it seems like people are ignoring it completely. I wonder why  There's a lot of people still, who don't understand the Lightning Network and it's benefits as a scaling solution. Let along fewer people who understands how Stakenet solves the centralized aspect of the Lightning Network using masternodes as "Lighning Routers". Anyone who actually digs down in this will see the bigger picture. |
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I think Dex use could increase next year. Because centralized exchanges are forcing people to do kyc. Which is embarrassing to many traders. In my opinion centralized exchange is taking crypto in another direction which is not the real purpose of crypto. Because if all your information has to be given to someone else then how is it decentralized. And for this reason I think the use of dex can increase tremendously next year or near future. But we have to wait for it.
Amazing that my thread is still alive, haha. I guess people actually do speculate (like you) in upcoming tightened KYC rules. If Binance changes their 2 BTC withdrawal limit to 0 overnight like Bittrex did, then I'm sure a ton of traders will start looking into DEX's. As long as there's decent exchanges you can trade on without KYC, then people see no reason to move (yet) to DEX's. Been trading on the Blocknet DEX for months now, and I have to say, it works pretty well, despite the low volume. I usually just setup a buy/sell order, and it triggers eventually, so I'm pretty happy about that! |
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