Is BarterDEX the solution to Chinese exchange ban?

[boomboom]

https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex

P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China?

I think YES

[Filmmmakerr]

I think in a few months we'll find out if that really makes a difference but at this time its too soon to tell.

[sjbi]

https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex

P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China?

I think YES

This (these) are the future of exchanges.
But again cryptocurrency as a whole is not illegal in China and they too could legalize ICO after placing some regulations.

[jjdub7]

https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex

P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China?

I think YES

In China everything could become legal or illegal - by decision of the People's Party. They can easily made and P2P trading illegal, if decided so. For example torrents are P2P exchange of information and are illegal in most country /music,movies/.

[boomboom]

If OTC trading is still allowed, which many sources are saying is the case, then I think P2P trading using BarterDEX would be legal, as would localbitcoins.

If bitcoin is still legal to own in China, then 'bartering' with another person for a coin swap would be OK I think.

Very interested to hear some opinions from Chinese crypto folks on this, would they use BarterDEX if this exchange ban goes ahead.


https://www.youtube.com/watch?v=5ybTtvOWnvQ


Demo of using BarterDEX

[Specterminate]

there are going to be many innovations coming.. exchanges are becoming autonomous but regulatory scrutiny will still exist.. wonder how things will develop

[boomboom]

there are going to be many innovations coming.. exchanges are becoming autonomous but regulatory scrutiny will still exist.. wonder how things will develop

As long as BTC and cryptos generally stay legal, then tools like BarterDEX (where trading is P2P and no exchange is involved) will keep adoption growing.

Centralised exchanges are like trainer wheels on a bike, once you can stay upright on your own, why keep them?

[ptytrader]

BarterDEX dICOs are not an initial coin offering by definition. Due to the mechanism, the developer issues the token, then he splits up the txs and lists them in BarterDEX. Then the user buys into the coin with their Komodo as to maintain privacy. However, the coin is available right away, it's like buying a token on a secondary market like Bittrex. Therefore it's not a traditional coin offering. On top of this, end-users can leverage Jumblr technology to keep their investments private.

In any case, the real win here is that we now can build applications based on this technology to provide people with a decentralized exchange that can launch dICOs, has distributed liquidity, and cannot be affected by petty regulations.