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Author Topic: CENTRALIZED EXCHANGES VS DECENTRALIZED EXCHANGES for BITCOIN - A MIDDLE-GROUND?  (Read 63 times)
Symetria
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May 25, 2018, 11:32:16 PM
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Perhaps the fix for the many challenges people face when trading cryptocurrencies isn’t decentralized exchanges (DEXs). Although there are some die-hard believers out there, the fact of the matter is, DEXs aren’t yet sufficiently developed in a way to encourage mass adoption (e.g. mining is too slow, there are liquidity challenges, trading is manual, single orders can be expensive, front-running is a problem, etc…)

So then, why not explore ways to make centralized exchanges better? We’ve identified three areas that we believe need improvement:

1. Lack of accountability. 2. Poor UX 3. Hidden fees.

Here’s one solution under development: A centralized cryptocurrency wallet & exchange that allows account-optional trading and adds Proof-of-Integrity to the trading process, through Personal Blockchains, to ensure transparency in any transaction -- all in an intuitive and conversational user interface designed with the customer in mind. Add to that full transparency on fees, and there’s a compelling case to switch platforms today.

Personal Blockchains could bring the speed and privacy of centralized systems with the fairness of decentralized processes.

Here’s a 1-minute primer on this upcoming exchange: https://www.youtube.com/watch?v=3VpxVTJVFBE

Learn More: https://welcome.symetria.io/

What are some of the challenges you have faced when using centralized exchanges?
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KingScorpio
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May 25, 2018, 11:44:04 PM
Last edit: May 27, 2018, 01:57:33 AM by KingScorpio
 #2

Perhaps the fix for the many challenges people face when trading cryptocurrencies isn’t decentralized exchanges (DEXs). Although there are some die-hard believers out there, the fact of the matter is, DEXs aren’t yet sufficiently developed in a way to encourage mass adoption (e.g. mining is too slow, there are liquidity challenges, trading is manual, single orders can be expensive, front-running is a problem, etc…)

So then, why not explore ways to make centralized exchanges better? We’ve identified three areas that we believe need improvement:

1. Lack of accountability. 2. Poor UX 3. Hidden fees.

Here’s one solution under development: A centralized cryptocurrency wallet & exchange that allows account-optional trading and adds Proof-of-Integrity to the trading process, through Personal Blockchains, to ensure transparency in any transaction -- all in an intuitive and conversational user interface designed with the customer in mind. Add to that full transparency on fees, and there’s a compelling case to switch platforms today.

Personal Blockchains could bring the speed and privacy of centralized systems with the fairness of decentralized processes.

Here’s a 1-minute primer on this upcoming exchange: https://www.youtube.com/watch?v=3VpxVTJVFBE

Learn More: https://welcome.symetria.io/

What are some of the challenges you have faced when using centralized exchanges?

i wouldn't say challenges,

centralised exchanges have a point of vulnerability, they might leak your data, they have someone owning it. giving an exchange service is very low risk business as you almost always win you just have to protect you good image,

i personally would prefer the usage of truly pure decentral exchanges that only exist as software in the internet. but they have not a good marketing/service team they are very robotic

regards

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May 26, 2018, 06:45:02 AM
 #3

Both types of exchanges are needed.
Fiat-crypto centralised exchanges and decentrilized non-fiat exchanges.
A decentrilized exchange that match current exchanges in speed and UX will be born and gain popularity until the end of 2019.
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May 26, 2018, 10:44:41 PM
 #4

Perhaps the fix for the many challenges people face when trading cryptocurrencies isn’t decentralized exchanges (DEXs). Although there are some die-hard believers out there, the fact of the matter is, DEXs aren’t yet sufficiently developed in a way to encourage mass adoption (e.g. mining is too slow, there are liquidity challenges, trading is manual, single orders can be expensive, front-running is a problem, etc…)

So then, why not explore ways to make centralized exchanges better? We’ve identified three areas that we believe need improvement:

1. Lack of accountability. 2. Poor UX 3. Hidden fees.

Here’s one solution under development: A centralized cryptocurrency wallet & exchange that allows account-optional trading and adds Proof-of-Integrity to the trading process, through Personal Blockchains, to ensure transparency in any transaction -- all in an intuitive and conversational user interface designed with the customer in mind. Add to that full transparency on fees, and there’s a compelling case to switch platforms today.

Personal Blockchains could bring the speed and privacy of centralized systems with the fairness of decentralized processes.

Here’s a 1-minute primer on this upcoming exchange: https://www.youtube.com/watch?v=3VpxVTJVFBE

Learn More: https://welcome.symetria.io/

What are some of the challenges you have faced when using centralized exchanges?


" DEXs aren’t yet sufficiently developed in a way to encourage mass adoption"

The same can be said of Bitcoin and other decentralized Cryptocurrencies yet many believers still choose them over  PayPal and other centralized payment processors. Truth is if you truly believe in something you will embrace it wholeheartedly no matter the challenges. They will be great in the end.



BIG WINNER!
[15.00000000 BTC]


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Rainbot
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May 27, 2018, 01:58:07 AM
 #5

pure decentral exchanges are also save from state prosecution

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May 28, 2018, 01:17:52 AM
 #6

Decentralized exchanges are the future, it's not logical to trade Crypto Currencies on Centralized platforms isn't it?
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