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Author Topic: Am I asking too much?  (Read 1618 times)
Kprawn
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June 12, 2017, 04:00:56 PM
 #41

A decentralized exchange linked to Fiat & Gold and other commodities are a pipe dream. The government will never allow you to do this without

KYC/AML regulations and tons of validation and verification. You will never be able to do this anonymously, without banks and governments

getting involved. We are slaves to the Fiat system and Bitcoin is not going to free us.  Angry

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June 12, 2017, 04:12:18 PM
 #42

All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

I do not agree on a decentralized bitcoin, I think that would be a lot of trouble. I like bitcoin core, but it's disappointing, I'm still waiting for changes that are positive towards bitcoin development.

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June 12, 2017, 04:17:59 PM
 #43

A decentralized exchange linked to Fiat & Gold and other commodities are a pipe dream. The government will never allow you to do this without

KYC/AML regulations and tons of validation and verification. You will never be able to do this anonymously, without banks and governments

getting involved. We are slaves to the Fiat system and Bitcoin is not going to free us.  Angry

While it doesn't bother governments they will allow it, like a small service involving a small number of people. Like Bitcoin now, many governments allow people to use it without regulamentations because there aren't many people using Bitcoins, it's not a problem for them, but when a considerable percentage of population adopts it, the "slavery" will start happening.  Cheesy

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June 12, 2017, 09:24:23 PM
 #44

A decentralized exchange linked to Fiat & Gold and other commodities are a pipe dream. The government will never allow you to do this without

KYC/AML regulations and tons of validation and verification. You will never be able to do this anonymously, without banks and governments

getting involved. We are slaves to the Fiat system and Bitcoin is not going to free us.  Angry

While it doesn't bother governments they will allow it, like a small service involving a small number of people. Like Bitcoin now, many governments allow people to use it without regulamentations because there aren't many people using Bitcoins, it's not a problem for them, but when a considerable percentage of population adopts it, the "slavery" will start happening.  Cheesy

It doesn't matter how small the service is.
Once you involve international fiat transfers via banks you will get flagged in a matter of days.

You can't escape regulation using banks.
As the user you quoted said. It's a pipe dream and it will never happen.

And I see no reason for it anyway.
Just stick to using bitcoins.



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June 15, 2017, 12:47:53 PM
 #45

I know yobit let's you exchange is for bitcoins and you don't have to have the usd until you withdraw so it's what you want. You sit with the isd reflected in your account . So simply go from is to Bitcoin or vice versa and only actually draw the fiat if you withdraw off the exchange. I don't know why you would want to exchange to gold though.
Yes, while using the decentralized bitcoin and other alts you still need the conversion to the fiat to enjoy your profit in the real sense so it mean that both the centralized and the decentralized financial systems are dependent on each other and they have a real role to play so lets it not make the issue and enjoy what we get the best from both of these systems.

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June 15, 2017, 02:16:11 PM
 #46

I do not agree on a decentralized bitcoin, I think that would be a lot of trouble. I like bitcoin core, but it's disappointing, I'm still waiting for changes that are positive towards bitcoin development.
And I think those changes are well overdue, especially the changes to the block size and/or Segwit. Bitcoin seems to be going down a bad road and I think everybody is anticipating what’s going to happen.
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June 15, 2017, 02:29:39 PM
 #47

I wish someone would establish an exchange on international waters or on a private island and that exchange wouldn't require any verification or personal details. No government would be able to influence it and force it to share the identities or IPs of its users. If someone finds a way to make such an independent exchange he's going to make millions on it.
Yes I would be very interesting as no one will be able to text or ban it on me. But if you really want to liquidize your money then you should use hardware Bitcoin wallet. bitcoin is now going to its rising price and is being used in most of the societies. It is a payment system of every one of the world. Converting your Bitcoin to Gold will not be a wise decision because in using gold or fiat has more chances for loss and cutting. But in Bitcoin there is no worry about loss whenever you want you can use your Bitcoin as it was.



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June 15, 2017, 02:34:22 PM
 #48

All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

sounds like bitsquare
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June 15, 2017, 02:44:44 PM
 #49

All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?

In my opinion, yeah, you are asking too much, a decentralized exchange? I don't think so, because this exchanges does exist because they are companies which do earn bitcoins on making a way where bitcoin users could exchange their coins or to trade their coins, and getting this decentralized would be impossible and no one would ever do that, because there is no reason to make one.

I do not think he's asking too much, but he's asking for something that can not happen, it's really impossible, however, he's not the only one, so many others in the forum. This is demanding a decentralized bitcoin while the developers always refuse it. I always support bitcoin core, but it is disappointing to me on the current situation.

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June 15, 2017, 03:17:31 PM
 #50

There are plenty of exchanges allowing you to keep your BTC as money withdraw-able through different methods, if I didn't understand wrong, that's the very purpose of exchanges particularly like Bitstamp and Coinbase/BTC-E.
You can keep it as fiat there only though and not gold/silver, to buy these you would need to move to a new interface without BTC like goldmoney, even if you can deposit BTC, you can't withdraw BTC.
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June 15, 2017, 03:48:43 PM
 #51

All i want is a decentralized exchange where I can move btc into other liquid assets like gold, fiat etc
 I dont even mind if they are just a token that refects the underlying value as long as they are safe and sufficiently liquid volume enough to easily move in and out of them. I want to do all this without touching banks or gov.


Anything like this exist or is planned?

Am I asking too much?
I can say "YOU ARE NOT ASKING TOO MUCH!"
This is one of Satoshi's dreams when he created Bitcoin and brought it to the community, now many people still want that including me! But this is a difficult road, need more time and change people's minds. The government in the world's will make it difficult more, because they not want one currency or a valuable stuff can't tax and can't management by them. They want control the market make it within their control Smiley


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June 15, 2017, 07:47:46 PM
 #52

I do not agree on a decentralized bitcoin, I think that would be a lot of trouble. I like bitcoin core, but it's disappointing, I'm still waiting for changes that are positive towards bitcoin development.
And I think those changes are well overdue, especially the changes to the block size and/or Segwit. Bitcoin seems to be going down a bad road and I think everybody is anticipating what’s going to happen.

I strongly agree with you, they better act quickly to be resolve these pending challenges facing Bitcoin because we've waited for far too long and the earlier a consensus is established the better for all of us.



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