Stop glorifying centralized exchanges.

[gabbie2010]

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,

Honestly the era and regime of centralized exchanges is gradually coming to an end the more people realized the effectiveness of decentralized exchanges the more they would horribly dump them for CEXs obviously people are getting wise-up and trying to keep and protect their identities KYC in the name CEX and banking, obviously the of cryptos had revolutionized the CEX system and encourages anonymous means or method of transactions to the satisfaction of its teeming users.

[dunfida]

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,

Honestly the era and regime of centralized exchanges is gradually coming to an end the more people realized the effectiveness of decentralized exchanges the more they would horribly dump them for CEXs obviously people are getting wise-up and trying to keep and protect their identities KYC in the name CEX and banking, obviously the of cryptos had revolutionized the CEX system and encourages anonymous means or method of transactions to the satisfaction of its teeming users.

It would be still a hard thing to switch off yet CEX are more rampant on new peoples eyes than seeing those Dex ones.Just take a look on the rankings or exchange that being
always preferred or mentioned.?Most of them are centralized ones, sad to say the truth but these Cex is more preferable or convenient to use up specially on making crypto to fiat or fiat to crypto transactions.It does make contrary on the true essence of crypto but we are seeing the current reality.

[roosbit]

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.

True, there aren't too many DEXs that can be relied upon to be the perfect alternative to centralized exchanges, so for now the shine still remains with the CEX.

And the worst part about a DEX is that its limited to a specific blockchain which doesn't allow for easy trade to get a different crypto coin...guess too many limitations to be used.

[target]

CEX I think isn't glorified. Its just that for anyone who wanna trade, they are best to go to CEX.

I for once wanted to trade on DEX but if my orders are not filled after few days, its almost the same thing as holding the coin in my personal wallet rather than sending it on DEX. If would be great holding it if the price is growing if not then I'd rather be going to CEX. I'm not glorifying them but its just the truth not a single DEX were able to provide liquidity even today. If there is we could have been doing a lot IEO on DEX by now.

[vladimirhf]

a financial system that is already responsible for predatory finance capitalism, then the very purpose of bitcoin has failed.

that's the point! many in crypto don't give a f** about this. they don't understand why bitcoin was created, believe in meritocracy (and heredity at the same time lol) and have any billionaire as idol.

[Indamuck]

Very few people care about having a decentralized exchagnes.  Over 99 percent of people are perfectly fine with using credit cards and other centralized services.  There is very little money to even be made off a decentralized exchange.

[accounting 181293]

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.

yes but how many DEX have large volumes at the moment ?.
everyone does not like centralized exchange. but there has not been a decentralized exchange that can support all crypto coins. the length of the transaction, makes people not like using DEX. so first make DEX that can solve this basic problem. only then can we leave the centralized exchange.

[samdan777712]

there is holochain for liquidity, and now there will be lightning swap, komodo antara cross chain liquidity and interoperatbility protocols using atomic swaps, ren vm can acheive this, as can stacknet, as can blocknet, the technology for DEX liquidity is being built now

[hanniabu]

the worst part about a DEX is that its limited to a specific blockchain which doesn't allow for easy trade to get a different crypto coin...guess too many limitations to be used.

The poorly designed ones are like this. Have you given Block DX (powered by Blocknet Protocol) a try? It can trade over 100 different assets from different blockchains and trades are independent of the Blocknet blockchain. Trade time is also independent of the blockchain's block time, but trade finality is still reached on that blockchain. Unlike other suggestions here such a Bitshares, Block DX doesn't use proxy tokens or colored coins. The native assets are traded and funds remain in the user's control throughout the entire process of the trade. Unlike Komodo, you can use your own Qt wallet for verification checks instead Electrum servers. Every component of the exchange is decentralized, including capital storage (your own wallet), order books (compiled locally), order matching (p2p), and settlement (atomic swaps).

You can see a list of compatible assets for trading here:
https://docs.blocknet.co/blockdx/listings/#listed-digital-assets

[hanniabu]

Back in 2015, when I first entered the cryptocurrency market, the main slogan of cryptocurrency was that the user can always be anonymous and no one can control his financial affairs.  But today there are a lot of questions about centralization and decentralization that change the whole rhetoric of relative cryptocurrency and its advantages.

I couldn't agree more, which is why I'm happy to be part of the Blocknet community. All these projects are using "dex" and "atomic swaps" as marketing terms and still have centralized components. They have done a huge disservice to the ecosystem by confusing people about what true decentralization is. Then when you bring up a project like Blocknet, they say why is that needed, when project XYZ already provides a DEX. Meanwhile what they don't know is project XYZ only has one component of the exchange decentralized, such as settlement using atomic swaps, and has no idea that the exchange is custodial or uses servers for order books and order matching. So now you have great projects fighting the good fight that are being overlooked due to cheap imitations misinforming users.

[hanniabu]

More basic infrastructure change is required with the DEX, another thing error can happen anywhere. A small error could freeze a large sum of fund. In such cases it is impossible to seek support, the same with centralized exchanges will give us quick support. Just an example is the Binance exchange hack. The funds were provided back from the exchange reserve which isn't possible with DEX.

This is why it's important for the team behind the project to know what they're doing. Blocknet for instance has been around since 2014 and has spent years on research on how to properly and securely have decentralized trading. There's MANY verification checks in place as well as failsafes. The funds stay in your control throughout the duration of the exchange as well.

[lestraw]

I agred with your vision "satochi vision"

We need a real decentralized exchange with good platform "good technology"