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Author Topic: ARE WE GOING TO SEE THE DEARTH OF CENTRALIZED EXCHANGES?  (Read 18 times)
DomcarezO
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September 17, 2018, 12:49:21 PM
 #1

For sometime now, I have witnessed the rising trend of decentralized exchanges following the advent of Etherdelta and Forkdelta, A lot of existing and upcoming exchanges are tilting towards Decentralized exchanges as many Crypto traders wants more control of their digital assets, Some favor this due to risk of hacks associated with Centralized exchanges unlike in Decentralized exchanges where you have the private keys of your assets.I most sincerely favor decentralized exchanges., it will be interesting to see what the future holds in this regard as competition continues to rise for both Centralized and Decentralized exchanges
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boyshx
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September 17, 2018, 01:00:23 PM
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I believe that won't happen because in many senses centralised crypto currency exchangers are far better as compared to the decentralised one. The later one which you think is gaining lot of attention is all because theses exchangers allows you to request any coin listing which is not even officially listed anywhere just after the ICO sale is over. Now people take advantage of selling their coins at whatever prices they want and thus make this more or less unregulated environment for the ICO's. I guess soon there will be some way to delist such pre-listing of the coins and then we will see centralisation getting more attention. FYI: I dont think centralisation is ignore in anyway. They are still having more security, trust, volume, huge number of coin listing all the time.

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September 17, 2018, 01:35:58 PM
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I think with atomic swaps and dex, we're about to enter a brand new economy. I'm not sure if DEX is the way to go tho, way too much manipulation would be allowed there, and we've got plenty of it already.
We need to come up with some universal rules, the crypto space should self-regulate before we're forced to do anything by the governments.
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September 17, 2018, 02:03:38 PM
 #4

No we don't but we will see the rise of decentralized exchanges, I think centralized ones will still exists but decentralized exchanges will be more powerful so we will not need centralized ones as much as now.

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Knabu
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September 17, 2018, 03:07:40 PM
 #5

Eventually yes, cryptocurrencies & blockchains are all about verifying, not trusting a third party. Therefore we should try to establish as decentralized ecosystem as possible. Without that that industry is kind of fighting against its core fundamentals by dealing with centralized entities.

Don't trust, verify.
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