I wanted to create my own thread but just saw your one. I think I should post here threads or posts which i founded.
Few questions:
I can post my thread or posts?
I can post threads or posts which has less merits but deserve more?
Section wise
Altcoin Discussion:
Red-Applenothing about what Binance has launched under the false name of DEX is decentralized. in fact it is 100% centralized in everything except the name of it.
that is why people are reluctant to go near it since if anybody is seeking decentralization they would go for actual decentralized exchanges not a fake one that a centralized company creates.
mu_enricoBecause there is no such thing as a decentralized exchange (at least to date), for example, Etherdelta/Forkdelta/IDEX has smart contract issuers (centralized party). Binance chain also has Binance corp as the token issuer.
I think it is better to solve this problem using a non-custodial wallet exchange mechanism, where users' fund are really #SAFU, doesn't matter whether the exchange is centralized or not.
motienvolamBy now, decentralized exchanges contain more potential risks than centralized exchanges. Users of decentralized exchanges have to secure their private keys of their accounts very carefully. They need to have enough knowledge and skills to do this, and when they lose their private keys, there is no way to get them back with decentralized exchanges. That is contrasting with centralized exchanges, where users can send support tickets with bunches of proofs, like emails, past trading history, current balance of their account, and so on to get their accounts back. Maybe in the future, when decentralized exchanges become more matured, people might use them more and such DEX might dominate centralized exchanges.
Raymondavid47Centralised exchanges where first created a long while before the creation of decentralized exchanges. People have already gotten used to centralised exchanges. Nevertheless this isn't the only reason to use centralized exchanges instead of decentralised exchanges. I think some of other reasons might be.
- Decentralized exchanges are more difficult to use than centralized exchanges.
- You can easily loose your funds on decentralized exchanges.
- Centralised exchanges are more automated than decentralized exchanges.
- Bot trading is better to be used on centralised exchanges than decentralized exchanges.
Threads not post:
How to be careful and avoid scams in the wild west of the alt coin scene -part 1 [Altcoin Exchange List] List of AltCoin and Bitcoin Cryptocurrency Exchanges Beware of Increasingly Sophisticated Malware Infection AttemptsALT coin Stores and Services ListHow to Prevent Telegram Users from adding you to Telegram Groups! [EDU] List of Bitcoin Scam sites