Stop glorifying centralized exchanges.

[samdan777712]

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.

[1714684072]

1714684072

[1714684072]

1714684072

[1714684072]

1714684072

[Bitcoinqubit]

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.

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

[muslol67]

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 agree with most of his writing. However, we are obliged to use CEXs within the current system. For example, in my country, I can only buy FIAT to crypto only if I make KYC. Although stable DEX in this environment does not mean much to me. Because you'll have to use CEX to convert that crypto money back into FIAT.

[Bitcoinqubit]

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 agree with most of his writing. However, we are obliged to use CEXs within the current system. For example, in my country, I can only buy FIAT to crypto only if I make KYC. Although stable DEX in this environment does not mean much to me. Because you'll have to use CEX to convert that crypto money back into FIAT.

why with bisq you can convert for now soon you dont need to conevrt ....passion its going to bomb soon

[LeGaulois]

Once I watched a documentary and the journalist said "Follow the money. It's amazing how many things it can explain". People only understand when you hit their money anyway so when they will realize that the things aren't different with CEXs they will start to look at the DEXs.
Wait for 10 years you will the same people telling how they regret to have used CEXs all these years.

[Bitcoinqubit]

Once I watched a documentary and the journalist said "Follow the money. It's amazing how many things it can explain". People only understand when you hit their money so when they will realize that the things aren't different with CEXs they will start to look at the DEXs.
Wait for 10 years you will the same people telling how they regret to have used CEXs all these years.

no you are wrong mate

i didnt see any body want to go back to centralized tech share info from decentrliazed tech,

decentralized exchanges soon will bomb because we use mass botting to spread this over the internet,

for the only the smartest use decentralized exchanges, it like the beginning of bitcoin was there was the smartest there only until it explode.


you know what is fucking decentrlized exchange hell, its real freedom ...no body can lock your money, its much more secure relative* to centralized tech....


peer to peer mixed with disturbed tech its the last station in tech in some sort of level and i far from kidding,

[JPSelzer]

It seems to me that we need both decentralized and centralized exchanges. Each of them has its pros and cons. In centralized exchange there is some security. But decentralized exchanges more meet the requirements of anonymity. Thus, everyone chooses for himself what exchange to use.

[pixie85]

Once I watched a documentary and the journalist said "Follow the money. It's amazing how many things it can explain". People only understand when you hit their money anyway so when they will realize that the things aren't different with CEXs they will start to look at the DEXs.
Wait for 10 years you will the same people telling how they regret to have used CEXs all these years.

There's still a way to exchange in private without the use of exchanges but people are lazy and they want to do everything fast and without moving a finger. Going to ATM is already a pain and it doesn't matter that cash transactions are anonymous they prefer to use the bank because this way they can do it lying in bed and watching TV.

This is the problem of our society. We are sacrificing our rights and our privacy for convenience.

[Bitcoinqubit]

Once I watched a documentary and the journalist said "Follow the money. It's amazing how many things it can explain". People only understand when you hit their money anyway so when they will realize that the things aren't different with CEXs they will start to look at the DEXs.
Wait for 10 years you will the same people telling how they regret to have used CEXs all these years.

There's still a way to exchange in private without the use of exchanges but people are lazy and they want to do everything fast and without moving a finger. Going to ATM is already a pain and it doesn't matter that cash transactions are anonymous they prefer to use the bank because this way they can do it lying in bed and watching TV.

This is the problem of our society. We are sacrificing our rights and our privacy for convenience.

its only  the beginning of decentralized tech soon it will bomb dont worry

[Slow death]

in these decentralized exchanges is it possible to buy bitcoin with debit card?

Are banks going to allow their customers to buy  coins in decentralized exchange?

This is the point. Eventually all centralized exchanges will have to be licensed for all banks to do business with these exchanges, but that will not be a bad thing. on the contrary it will be very good. Imagine that if an exchange is licensed, it is inspected by the government then this exchange will have credibility to partner with many banks and allow many people buy cryptos using their bank accounts and this exchange will provide good services

[samdan777712]

The fiat offramps aren't very successful. They are easy to fool with mixing technology. Monero and coinjoin basically break an destroy chain analysis tech, and DEX like kyber and atomic swap are making it even easier. The only issue are American exchange like Gemini.

We are headed towards an economy where people take crypto directly. The ATM's and various websites accepting payments for goods cannot sit there and ask for an IRS audit of how the money came to be, it's impractical and won't gain traction in legislation, which means as long as you can defeat chain analysis you can spend bitcoin for good and services, and it's even easier outside the united states.

The next step that FATF is using is something cyphertrace has put out which will absolutely destroy bitcoin's immutabilty, combining proprietary backdoor wallets with smart contract attributed kyc information. It will destroy the fungibility and immutability of the bitcoin payment ecosystem and allow the government to abuse you just like it does with fiat.

People are going to have to wake up and realize they have to abandon banks and centralized exchanges if they want to maintain political freedom in a free world.

It is easy to live on crypto now and it's gonna get easier. Very little cash is needed, very little fiat, only for rent and car payments, and work is being done to create escrow and realty services to allow land to be bought with crypto. The issue is not that a realty company would want tax information, but rather the ability of banks and exchanges to reject your money or to seize it.

As land lords and larger asset saler begin to take strictly crypto it will largely pull the rug out on banks and paypal esque institutions. Regulatory arbitrage caused by crypto will simply pull the rug on American overreach.

Ultimately regular bonds and stocks and commodities will become tokenized, and pulled onto the blockchain, the clearinghouse functions of states will be taken away, the capital flow into securities will pick crypto over fiat. All states will suffer capital flight into crypto.

The cold hard reality is this was all meant to take the power away from states to control their citizens money.

[sandra_x]

Centralized exchanges to me are the biggest single source of failure in cryptocurrency, either for the obvious disadvantage of entrusting your anonymity to a third-party (and thus to the government) or for the huge inherent risk of such exchange being a subject of a crypto heist or hack. We need to gradually migrate to decentralized exchanges, thats the future of crypto

[Cryptopher]

Centralised exchanges provide a service which literally prop up the price of Bitcoin (and other key cryptos) that most hold so dear.

Of course we must sacrifice varying degrees of anonymity to utilise their services, but each to their own...

[waynechong1995]

DEX is still lacking in terms of liquidity though, without centralisation there would be lacking in terms the PR, marketing activities and incentives systems to keep interest in place, still these pitfalls can be improved overtime on existing DEX like waves and stellar onces, centralised business well, you are complied with laws so does your money

[NathanJB]

Decentralized exchanges are always preferable than centralized ones. I always choose the hassle-free option. KYC is a big hassle for me. However, as of this point in time, there are both advantages and disadvantages with DEX. People here are making mention of low liquidity in DEX. That is one. Another huge problem is the lack fiat/card-to-crypto option. That is another huge stumbling block for DEX.

[jseverson]

Unfortunately, most people don't care about decentralization and all possible traits (freedom, privacy, uncensorable, etc.) comes from decentralized system or simply prefer convenience.

This. People routinely pay for convenience, and this case is no different. I'm sure there will always be a market for decentralized exchanges, but until they're better in every way than their centralized counterparts, they will never get the lion's share.

If the mainstream cared about that much about decentralization, privacy, etc., they'd be hopping on the Bitcoin train by now. The harsh reality is that not many see the importance behind them.

[Dreamchaser21]

But there re not so many good DEXes btw..

exaclty , so how can we not talk about the centralized ones i dont i even know a dex i would put my money in to be honest.

Indeed, there's no much trust on DEX because of low volume on trades so many investors wants a centralized exchange which provides good services. Even if Binance is a centralized exchange I feel the security on that exchange and I can't sacrifice my money putting on a Decentralized exchange which are not working well in the past months.

[crypto1987]

I share your opinion, the problem of the centralized Exchange is that they affect an essential point of the spirit of the cryptocurrency and it is the intermediation, in addition there are considerable risks of losing the investment if these sites are attacked by Hackers. Let's see how the market is behaving in the years to come.

[pooya87]

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.

actually the main reason that i have seen is lack of popularity of decentralized exchanges plus not having same features. traders, specially those who are doing day trading and also the whales, will require high liquidity and certain features to communicate fast with an order book and be able to buy and sell within seconds. it is not yet possible with any of the DEXs. and since they remain less popular their volume is going to remain low so nobody goes there so they remain unpopular (like a circular cause and effect!)

so the alternative is to stick to the centralized ones and accept their evil because of the convenience that usage of them gives traders.

[samdan777712]

And what I'm saying is that technology is here now. Look at Ren VM, Zelnode.

The key to server processing for order matching and liquidity aggregation are blockchain node based virtual machines made up by many distributed computation power and cross chain liquidity features being formed by Ren and Komodo/Antara.

Even without these there are three margin based DAPP, Nuo, ZBX, and DYDX. Kyber network already has a good precedent for liquidity.