Stop glorifying centralized exchanges.

[LuckyBtc]

But there re not so many good DEXes btw..

You only need one. There's one coming out soon called AtomicDEX, It's still in beta. I have signed up.. Waiting to get accepted to try it out. What's cool is you can do Atomic swaps on your phone.

[1713562906]

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[1713562906]

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[samdan777712]

https://www.b0x.network

https://dydx.exchange

ethfinex.com

[Kakmakr]

The facts is most DEX platforms are simply too difficult to use and the majority of Bitcoin users could care less about immutability.  When I ask people why they want to use Bitcoin, most responses comes down to speculation and profit and not what freedom this technology would offer them. <They live in 1st world countries where they are slaves to the Fiat way of doing things> 

I have always criticized centralized exchanges in the past, because they rape the building blocks of Bitcoin, but I also saw how adoption was boosted with the introduction of user-friendly centralized exchanges. 

[Johnzky]

                                                                    ~snip~

hell mate i waited for guys like you.....we must get rid of centralized exchanges how much account locked up with huge money inside....it will chnage soon yet how much horrible stories out there

bisq exchange grow nice and we have bots that spread bots all over the place

Same reason why I am asking most of the time ,Centralized exchange has done a lot and more cryptonians suffers from locking account and until now the issues wasn’t resolved

I don’t support centralization and for that I hate centralize exchanges.if we don’t use them for sure they will gone so better lets stand  together against them

[jakelyson]

Decentralized exchanges are always preferable than centralized ones.

This is not very evident at the moment. I seldom see anyone who is constantly trading or using a DEX platform. Most traders flock in on popular centralized exchanges mostly because of convenience and volume. Unless there is an upgrade in Dex UI and volume, we will not see traders patronizing dex.

When I ask people why they want to use Bitcoin, most responses comes down to speculation and profit and not what freedom this technology would offer them

This can also be one reason dex is not popular. Most traders care only for profit, not about bitcoin itself. So, they will not care if the exchange contradicts the basics of bitcoin. They only see that it caters to their needs, fast and have volume.

[prehisto]

Centralized exchanges are quite literally evil. They are a failure point for cryptocurrency. If everyone has to do KYC and store their funds with state and corporate servers and give away their financial information to a financial system that is already responsible for predatory finance capitalism, then the very purpose of bitcoin has failed.

You say that the biggest disadvantage of centralized exchanges are the KYC, I dont . If there will be no KYC at centralized exchanges there will be very hard legislation on every user.

In any case I think that centralized exchanges are bad for other reasons - fake volume and hacks.

[NeuroticFish]

Centralized exchanges are quite literally evil.

Yes they are. Unfortunately the vast majority of people go by convenience over safety.
Centralized exchanges are easy to use, they are "established"; unless there's something greatly better, they will stick to them.

Also don't forget about those that keep some bots and buy and sell and buy and sell all day long small amounts for small gains, which, at the end, add up. This is possible because of the off-chain exchanges where they pay some small fee based on the volume, as opposite of DEX where I guess that they'd have to pay the tx fee for each and every transaction (or at least only half of them - either the sell, either the buy). I used only one decentralized exchange, long ago and not for Bitcoin, so I may not be 100% accurate in this, but the idea stands.

[unusualfacts30]

The main response people give me is that the technology doesn't exist to make a fully functional DEX, that atomic swap are too slow. It was never true and now that Ren VM has a prototype for running decentralized server functions to process the functions of the exchange it definitely isn't true. If bitcoin can use hash to verfiy the network, then hashing power can be used to run distributed servers and virtual machines as a virtual network, along with atomic swaps and regular distributed liquidity pools.

Centralized exchanges are quite literally evil. They are a failure point for cryptocurrency. If everyone has to do KYC and store their funds with state and corporate servers and give away their financial information to a financial system that is already responsible for predatory finance capitalism, then the very purpose of bitcoin has failed.

Without a working exchange that is immutable you do not have immutable money.

If the *exchange* is not immutable, then your *money* is not immutable.

Start building immutable exchange software, and for the love of god don't put your name or address on it. Do what Satoshi did.

I can agree with your perspective but in current environment it's quite impossible for most people to escape centralized exchange. Even if you can ignore slow process time, you still need to convert your crypto to fiat and vice versa since you can't do it through dex. On top of that people prefer things that is easy to use and cex have been here for a long time which means people will have to give up their old ways which most people aren't willing to do.

[bitcoin-shark]

i have a great time with decentralized exchanges (in particular with forkdelta), they can seem cumbersome to use but you just have to get carried away, i use little centralized exchanges just to go out in fiat...

[The_Voice]

If you want ETH and ERC20 Tokens then there are many pseudo decentralized exchanges for you!

But if you are a COIN holder, not a Token holder then you have some ability to empower yourself with peer to peer possibilities.

Use something like Blocknet DX

If I meet you here and you want an ALT Coin that I have and you have and ALT Coin I want(or you can trade bitcoin or litecoin)

We totally don't even need to trust each other using Blocknet DX - NO ESCROW is needed for OTC trades.

You are completely protected with the Blocknet DX and related protocols Xbridge.


You want QTUM and I have QTUM, I want DASH and you have DASH - we can trade!

Together!

Be your own exchange - and you don't need to KYC anyone 

[Artemis3]

The main response people give me is that the technology doesn't exist to make a fully functional DEX, that atomic swap are too slow. It was never true and now that Ren VM has a prototype for running decentralized server functions to process the functions of the exchange it definitely isn't true. If bitcoin can use hash to verfiy the network, then hashing power can be used to run distributed servers and virtual machines as a virtual network, along with atomic swaps and regular distributed liquidity pools.

Centralized exchanges are quite literally evil. They are a failure point for cryptocurrency. If everyone has to do KYC and store their funds with state and corporate servers and give away their financial information to a financial system that is already responsible for predatory finance capitalism, then the very purpose of bitcoin has failed.

Without a working exchange that is immutable you do not have immutable money.

If the *exchange* is not immutable, then your *money* is not immutable.

Start building immutable exchange software, and for the love of god don't put your name or address on it. Do what Satoshi did.

Technology DOES exist, it only needs to be fixed so it can be used in more countries (their bundled tor has problems in countries with tor banned):

Exchange, Decentralized.

Bisq is an open-source, peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. No registration required.

Features

No Identity Verification
Instantly Accessible. No need for registration or approval from a central authority.

Decentralized
Trading takes place on a global P2P network of users running Bisq on their own machines.

Safe
Bisq never holds your funds. Security deposits and multisig trade wallets encourage safe, successful trades.

Private
No one except trading partners exchange personally identifying data. All personal data is stored locally.

Open
Code is open source, and project strategy is discussed openly on Slack and GitHub.

Easy to Use
We've made all this sophistication simple—make your first trade in under 10 minutes!

The Bisq DAO
Decentralized governance for a decentralized exchange. Learn more here.

[serjent05]

I could have used DEX if there is a service in my country that convert Fiat to cryptocurrency or vice versa and deposit it to my bank.  the fact is there is none that i known.  Remember this world is not ruled by bitcoin but rather by centralized financial institution, Bitcoin is just taking part of the pie, though I hope little by little this whole pie will be consumed by cryptocurrency alone.  Though I like the thoughts of not going for KYC and any other thing that this centralized exchanges do, but let us be realistic for now.  There is no perfect DEX since DEX is also a platform that is created by a certain company or group.

Bisq trading is currently decentralized, but its revenue distribution and decision-making are not.

It is critical that Bisq be resistant to censorship, and the trade protocol and P2P network achieve this—for traders.

What about Bisq's developers? With a traditional legal structure, project decision-making and revenue distribution would be centralized, and this would create vulnerabilities.

[Upgate]

I see nothing wrong with centralized exchange. Demanding for your kyc is just to know who you are and nothing much about it. Pioneer to that there are some countries who are not in support of bitcoin. Since its delivering what its been ask to do,we can trust and rely on it.

[cabron]

There are good working DEX and the oldest we know had been working in the past like its been there for the use of public. Dan Larimer's Bitshares were there before the Ether dexs. Ether and Forkdelta is also up and running for awhile, all their volume combined are just not enough though. Convincing people to try them will only work if their tokens are only listed to these DEX.

[blue_nexus15]

The main response people give me is that the technology doesn't exist to make a fully functional DEX, that atomic swap are too slow. It was never true and now that Ren VM has a prototype for running decentralized server functions to process the functions of the exchange it definitely isn't true. If bitcoin can use hash to verfiy the network, then hashing power can be used to run distributed servers and virtual machines as a virtual network, along with atomic swaps and regular distributed liquidity pools.

Centralized exchanges are quite literally evil. They are a failure point for cryptocurrency. If everyone has to do KYC and store their funds with state and corporate servers and give away their financial information to a financial system that is already responsible for predatory finance capitalism, then the very purpose of bitcoin has failed.

Without a working exchange that is immutable you do not have immutable money.

If the *exchange* is not immutable, then your *money* is not immutable.

Start building immutable exchange software, and for the love of god don't put your name or address on it. Do what Satoshi did.

How with DEX when BTC is always a concern to awaken all ambitions and towards autonomy of people. It is possible to count on fingers the DEX with Bitcoin. Obviously not. CEX may be a concern for the purge of the power of money in the crypto world. But are you waiting for something or go right away with CEX?

[proTECH77]

In my personal view I would start to say that we need the decentralized and centralised exchange for more and efficient way to communicate to the entire system. We all know the important of a decentralized exchanges and should not forget that the centralise exchange too play a significant role too. I would say let we keep it balance because we new needed the tow to work together.

[Bitcoinqubit]

In my personal view I would start to say that we need the decentralized and centralised exchange for more and efficient way to communicate to the entire system. We all know the important of a decentralized exchanges and should not forget that the centralise exchange too play a significant role too. I would say let we keep it balance because we new needed the tow to work together.

you so fucking wrong its like saying we need balance between decentralized peer to peer file sharing with centralized sharing, maybe you dont know the difference ....

because in everything that centralized everybody connect to the main servers without be depending on each other, which mean hackers can hack the main servers and have access to all the computers that connected to the main servers.

you just uneducated and i know this by your answer, because in centralized exchange they can lock your funds and do with this whatever they want, compare to centralized exchange where everything is in your control,

the nature it self decentralized mixed with distributed mechanism.

the help you get the idea....

before peer to peer file sharing(decentralized tech) there was centralized tech which mean there are few main servers and all the computers download from this main servers without be depending on each other mp3,music,software,movies and other....yet this time the internet not was so developed and traffic which mean if the same centralized tech was exist today , this main servers need to be so fycking powerful to hold all this computers , and the security level need to be top notch because the right worm in the main servers and you have access to all this computers which download stuff....

do you get it,

then peer to peer file sharing burn which called decentralized tech and here you dont have main servers , the servers are private computers , which mean for example,
 is a different way to distribute MP3,movies,software, files. Instead of storing this info on a central computer, the songs live on users' machines.

its million times more harder for hackers to take control over this computers compare to centralized tech.

and another reason peer to peer tech burn its because governments pretty fast locate main servers and shut them down while in peer to peer tech which mean decentralized , the governments need to shut down more then 500 million private computers.

bitcoin its peer to peer money.

now apply here all what you read and its the same with exchanges...and before you post read other answers as it already mention

[vv181]

I see nothing wrong with centralized exchange. Demanding for your kyc is just to know who you are and nothing much about it. Pioneer to that there are some countries who are not in support of bitcoin. Since its delivering what its been ask to do,we can trust and rely on it.

Well then, you are missing the critical point of Bitcoin. We aren't demanding financial privacy, instead, we should think financial privacy as a necessity and an essential thing, that we must ought to protect it. For whatever reason, the government couldn't and should not simply have a right to monitor all of our financial activity. Not to mention in the name of preventing money laundering, tax evasion, and financing of terrorism.

[Artemis3]

In my personal view I would start to say that we need the decentralized and centralised exchange for more and efficient way to communicate to the entire system. We all know the important of a decentralized exchanges and should not forget that the centralise exchange too play a significant role too. I would say let we keep it balance because we new needed the tow to work together.

you so fucking wrong its like saying we need balance between decentralized peer to peer file sharing with centralized sharing, maybe you dont know the difference ....

because in everything that centralized everybody connect to the main servers without be depending on each other, which mean hackers can hack the main servers and have access to all the computers that connected to the main servers.

you just uneducated and i know this by your answer, because in centralized exchange they can lock your funds and do with this whatever they want, compare to centralized exchange where everything is in your control,

the nature it self decentralized mixed with distributed mechanism.

the help you get the idea....

before peer to peer file sharing(decentralized tech) there was centralized tech which mean there are few main servers and all the computers download from this main servers without be depending on each other mp3,music,software,movies and other....yet this time the internet not was so developed and traffic which mean if the same centralized tech was exist today , this main servers need to be so fycking powerful to hold all this computers , and the security level need to be top notch because the right worm in the main servers and you have access to all this computers which download stuff....

do you get it,

then peer to peer file sharing burn which called decentralized tech and here you dont have main servers , the servers are private computers , which mean for example,
 is a different way to distribute MP3,movies,software, files. Instead of storing this info on a central computer, the songs live on users' machines.

its million times more harder for hackers to take control over this computers compare to centralized tech.

and another reason peer to peer tech burn its because governments pretty fast locate main servers and shut them down while in peer to peer tech which mean decentralized , the governments need to shut down more then 500 million private computers.

bitcoin its peer to peer money.

now apply here all what you read and its the same with exchanges...and before you post read other answers as it already mention

Indeed centralization is weakness, this also applies to those altcoins with few nodes and a large central authority with the power to even undo transactions, which is getting back to the fiat system that led the world to the economic cycles of bubbles and pops, making everyone get in debt, etc (all the Chicago dogma).

With exchange it is the same thing. Unfortunately when the exchange is touching fiat, that belongs a central authority, and its that authority that enforces its rules. For pure crypto coin exchanging you can do decentralized exchanging already.

This take us back to the main issue, which is why people isn't getting paid and pay other with crypto. The only way to cut dependency on fiat is to stop using it altogether. Exchanges exist because people insist in exchanging fiat to and from crypto.

[Bitcoinqubit]

In my personal view I would start to say that we need the decentralized and centralised exchange for more and efficient way to communicate to the entire system. We all know the important of a decentralized exchanges and should not forget that the centralise exchange too play a significant role too. I would say let we keep it balance because we new needed the tow to work together.

you so fucking wrong its like saying we need balance between decentralized peer to peer file sharing with centralized sharing, maybe you dont know the difference ....

because in everything that centralized everybody connect to the main servers without be depending on each other, which mean hackers can hack the main servers and have access to all the computers that connected to the main servers.

you just uneducated and i know this by your answer, because in centralized exchange they can lock your funds and do with this whatever they want, compare to centralized exchange where everything is in your control,

the nature it self decentralized mixed with distributed mechanism.

the help you get the idea....

before peer to peer file sharing(decentralized tech) there was centralized tech which mean there are few main servers and all the computers download from this main servers without be depending on each other mp3,music,software,movies and other....yet this time the internet not was so developed and traffic which mean if the same centralized tech was exist today , this main servers need to be so fycking powerful to hold all this computers , and the security level need to be top notch because the right worm in the main servers and you have access to all this computers which download stuff....

do you get it,

then peer to peer file sharing burn which called decentralized tech and here you dont have main servers , the servers are private computers , which mean for example,
 is a different way to distribute MP3,movies,software, files. Instead of storing this info on a central computer, the songs live on users' machines.

its million times more harder for hackers to take control over this computers compare to centralized tech.

and another reason peer to peer tech burn its because governments pretty fast locate main servers and shut them down while in peer to peer tech which mean decentralized , the governments need to shut down more then 500 million private computers.

bitcoin its peer to peer money.

now apply here all what you read and its the same with exchanges...and before you post read other answers as it already mention

Indeed centralization is weakness, this also applies to those altcoins with few nodes and a large central authority with the power to even undo transactions, which is getting back to the fiat system that led the world to the economic cycles of bubbles and pops, making everyone get in debt, etc (all the Chicago dogma).

With exchange it is the same thing. Unfortunately when the exchange is touching fiat, that belongs a central authority, and its that authority that enforces its rules. For pure crypto coin exchanging you can do decentralized exchanging already.

This take us back to the main issue, which is why people isn't getting paid and pay other with crypto. The only way to cut dependency on fiat is to stop using it altogether. Exchanges exist because people insist in exchanging fiat to and from crypto.

in some sort of level i loved your answer,,,