Please Support Decentralized Crypto Exchanges

[krishnapramod]

From proxy-tokens DEX to multi-sig escrow DEX to atomic swap-enabled DEX, the decentralized crypto trading ecosystem is evolving, but this evolvement is yet to address issues related with liquidity/advanced trading functionality/user-friendly interface, but at the same time, platforms like Blocknet and BarterDEX are somewhat resolving the user interface issue.

Although centralized exchanges are against the ethos of decentralized cryptocurrencies, I don't think they are going anywhere. There would always be investors who would prefer centralization/convenience over decentralization/ideology/privacy/security. The early investors traded Bitcoin in a decentralized environment, but the next wave of adoption which is in process now, 90% of investors were introduced to crypto market through centralized means.

But, I think, in the long-term as the crypto market matures and decentralized trading platforms comes up with better functionality and user experience, the adoption phase from here would be dominated by investors who are privacy/security oriented and do understand the potential of trading Bitcoin in a decentralized environment and I guess from this point we will be seeing a big switch from CEX to DEX, but definitely it's going to take some time.

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[Name: Claudio]

About tax, if you earn with a minimum amount like how a regular earn base on daily base salary in your country then bother paying tax, but you should consider paying a voluntarily tax if you earn Tripple or more than the minimum salary in your country its like also mutual understanding between decentralized things and your government.

[ranman09]

Even though I have never traded any significant volumes in Etherdelta, but I am sure, I will not be using any decentralized exchange where I will have to place my private key and the trade volume is higher. Am I missing something here?

I haven't actually used EtherDelta because of the reviews I read about it. The slow, transactions and all. I am not aware that they require uploading of private key? Can't they just create a wallet for the user via that decentralized exchange?

[buwaytress]

From proxy-tokens DEX to multi-sig escrow DEX to atomic swap-enabled DEX, the decentralized crypto trading ecosystem is evolving, but this evolvement is yet to address issues related with liquidity/advanced trading functionality/user-friendly interface, but at the same time, platforms like Blocknet and BarterDEX are somewhat resolving the user interface issue.

Although centralized exchanges are against the ethos of decentralized cryptocurrencies, I don't think they are going anywhere. There would always be investors who would prefer centralization/convenience over decentralization/ideology/privacy/security. The early investors traded Bitcoin in a decentralized environment, but the next wave of adoption which is in process now, 90% of investors were introduced to crypto market through centralized means.

But, I think, in the long-term as the crypto market matures and decentralized trading platforms comes up with better functionality and user experience, the adoption phase from here would be dominated by investors who are privacy/security oriented and do understand the potential of trading Bitcoin in a decentralized environment and I guess from this point we will be seeing a big switch from CEX to DEX, but definitely it's going to take some time.

I don't think there's anyone who wouldn't support DEXs - I've been waiting for over a year now and have to say have been mildly disappointed with how unsatisfying they have been - with the mild exception of Waves, for example. But as you said, there's that Catch 22 issue that's affecting DEXs even though they've been around for two years now. Liquidity is still the killer. People won't come to DEXs if there's no liquidity, but there won't be liquidity until people start coming onto them.

I haven't been successful in getting people to trade over Waves or even Counterparty - even though the former has got an interface that's as simple as could be.

I think once atomic swaps become as easy as single click execution, we might get a new wave of people coming onboard. But not until people actually learn how to use their own wallets can that happen. Most are still perfectly happy having a custodian (centralised exchange) taking care of their funds.

[bitcoinfuck]

About tax, if you earn with a minimum amount like how a regular earn base on daily base salary in your country then bother paying tax, but you should consider paying a voluntarily tax if you earn Tripple or more than the minimum salary in your country its like also mutual understanding between decentralized things and your government.

its not like that i am not  running a Non Profit Organisation, neither does my government

[AlexAtom]

hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges

but decentralized exchange has many complains too. with a minimum security, their website can be phished.
if you using centralized exchange, they have some security layers such as 2f authentication. it makes harder to hack.

[Raggie]

hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges

Decentralized exchange should be developing so their platform won't have any issues in the future.
peoples choose centralized exchange because the transaction speed is very fast compared with dex one.

[bitcoinfuck]

hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges

but decentralized exchange has many complains too. with a minimum security, their website can be phished.
if you using centralized exchange, they have some security layers such as 2f authentication. it makes harder to hack.

are you serious DEX can be more secured then the central exchanges

[bitcoinfuck]

Even though I have never traded any significant volumes in Etherdelta, but I am sure, I will not be using any decentralized exchange where I will have to place my private key and the trade volume is higher. Am I missing something here?

I haven't actually used EtherDelta because of the reviews I read about it. The slow, transactions and all. I am not aware that they require uploading of private key? Can't they just create a wallet for the user via that decentralized exchange?

ofcourse it sucks

[jenyAE88]

They can't really avoid this because they have a business to run so they will have to comply with the directives of the tax authorities. Decentralized exchange is one way we can counter this situation

[bitcoinfuck]

They can't really avoid this because they have a business to run so they will have to comply with the directives of the tax authorities. Decentralized exchange is one way we can counter this situation

ofcourse  authorities fear bitcoin, this is why we really need to team up for DEX

[thereactor334]

Cryptocurrency gave a big impact to many crytpo enthusiast especially those who have gained a lot from bitcoin. I have invseted on LEDU COIN which I believe will give us different aspect of gaining through expert content creators and professionals. Whats your idea about this?

[Kprawn]

If you wanted to use Bitcoin for tax evasion, then you should not have used regulated exchanges. Why do you think these

exchanges are still open for business? They report everything to their local governments and we end up paying whatever is

due to the tax authorities. You should also check the ToS of the exchange you used, because they usually include this clause

somewhere in there, including a clause that states that you cannot "share" your account or use it on behalf of someone else.

[bitcoinfuck]

They can't really avoid this because they have a business to run so they will have to comply with the directives of the tax authorities. Decentralized exchange is one way we can counter this situation

yes anonymous hosted decentralised exchange is needed !