Earning DEX Fees VS Earning CEX Fees. Thoughts?

[GucciBoy]

For those of you who still remembers the bull run of 2017, I'm sure you remember the hype around 2 projects:

Kucoin
Coss

Everyone was SO hyped on the exchange fees that where shared among the holders of these projects, and sure enough the price of these project sky rocketed.
Now, looking forward, with the recent news of exchanges closing down, or worse, hacked. We just had Upbit hacked, and CryptoBridge closing it's doors this month. A TON of exchanges enforces restrictions and KYC making everything a pain in the ass to use.

What's the next big thing? What's the most logical move? => Decentralized Exchange Fees

DEX's is the next big thing in crypto, everyone is talking about it, and it honestly wouldn't surprise me if DEX's becomes multi million dollar trading spots at some point, which will make those running it VERY wealthy

A DEX isn't owned by anyone, so you can't profit on it alone, but if you help with running one, such as owning and maintaining a service node on a project like Blocknet, you'll essentially help move funds back and fourth between users, and take the fees involved.

You'll need to host your own VPS server to do this, but anyone can do it with some practise. Reason why I'm mentioning Blocknet, is because you'll benefit from their trustless oracle solution as well, which will yield you even more income, but overall, you can pick any DEX that allow it's users to participate in running it.

What do you guys think? I'm a huge fan of the idea that you'll essentially run your own "business" doing this. THAT's what I believe will be the next big thing in crypto.

[electronicash]

its not true that dex is owned by anyone, just check mcafees dex if its not his. the reason why its safe to trade on dex is that your coins are not going to be sent on them but stays in your wallet, this is if you are comfortable sharing your privkeys to them.  to me its a lot worse than just sending the coins you intend to trade as capital than giving your private key by loging-in using it. so far blocknet is the best that we can use instead of forkdelta and the likes.

[Ucy]

It is mandatory to host this on VPS server? Can it still be considered decentralized if people will be hosting it on VPS servers? This's probably my first time of seeing the VPS aspect since I started paying more attention to posts on Blocknet decentralized exchange.
It's still an interesting project though...

[jacafbiz]

You can't compare DEX to CEX at the current level of technology we have now. There are reasons why DEX are struggling, the interface, liquidity, to mention some are serious issue that need a lasting solution, so as long as there are fewer users on DEX as compared to CEX the fee on CEX would be higher tham DEX. Just looka t Binance DEX for example

[GucciBoy]

its not true that dex is owned by anyone, just check mcafees dex if its not his. the reason why its safe to trade on dex is that your coins are not going to be sent on them but stays in your wallet, this is if you are comfortable sharing your privkeys to them.  to me its a lot worse than just sending the coins you intend to trade as capital than giving your private key by loging-in using it. so far blocknet is the best that we can use instead of forkdelta and the likes.

On a REAL DEX you don't share your private keys with anyone, you don't need to make accounts, you don't need to submit any of your info.
Please do some research on DEX's first please.

It is mandatory to host this on VPS server? Can it still be considered decentralized if people will be hosting it on VPS servers? This's probably my first time of seeing the VPS aspect since I started paying more attention to posts on Blocknet decentralized exchange.
It's still an interesting project though...

You run your own server on a VPS, which will route payments on the network for you. It's basically the backbone of the DEX, and yes it becomes decentralized when you can setup these DEX's in multiple countries all over the world. It sounds hard and complicated, but everyone can do this, and make their own sort of "business" out of it.

You can't compare DEX to CEX at the current level of technology we have now. There are reasons why DEX are struggling, the interface, liquidity, to mention some are serious issue that need a lasting solution, so as long as there are fewer users on DEX as compared to CEX the fee on CEX would be higher tham DEX. Just looka t Binance DEX for example

You're too narrow minded to actually see that these DEX's are evolving fast, and keep on working on making DEX's better and better. You think Mt.GOX - The first exchange was PERFECT? No... By investing in a project, you speculate on the future, not the present.
CEX's are closing down every week, Cryptobridge closing down this month, and Upbit hacked for MILLIONS of dollars, which isn't even possible on a DEX (A real one, not those look-a-like DEX's).

In a few years, most people will probably buy BTC from a crypto service, and send them straight to a DEX, leaving these CEX's with WAY less volume than they have today.
Most people are SICK and tired of KYC, funds kept hostile, exchange hacks, phishing attacks, and I can go on and on.

You think it's a coincidence Binance, the BIGGEST exchange in the world decided to make their own "DEX" (Which isn't a real DEX btw)? They are scared of the competition, so they adapt to it. Simple as that

[ATSgrowth]

I didn´t know that there is a decentralized exchange that giveaway fees from exchange profit. Tell me about some.
But, it seems that it could work, we already have decentralized casinos with tokens that gives you an opportunity to participate on profit, so why not have such decentralized exchange?

[jossiel]

I didn´t know that there is a decentralized exchange that giveaway fees from exchange profit. Tell me about some.

On his description it has been told on how it works.

A DEX isn't owned by anyone, so you can't profit on it alone, but if you help with running one, such as owning and maintaining a service node on a project like Blocknet, you'll essentially help move funds back and fourth between users, and take the fees involved.

You'll need to host your own VPS server to do this, but anyone can do it with some practise. R

It's not a giveaway fee but it's like a rewarding system to maintain the operation of the DEX because as per definition, the real one doesn't owned by anyone. It's owned by the people.

[shinratensei_]

I didn´t know that there is a decentralized exchange that giveaway fees from exchange profit. Tell me about some.
But, it seems that it could work, we already have decentralized casinos with tokens that gives you an opportunity to participate on profit, so why not have such decentralized exchange?

You can try to take a look at idex and it always distribute ethereum as the dividend to the IDEX token holders. Casinos that paid dividend is not a new thing again, dude
Logically, when you are saying that the DEX must be owned by people and then there will be no a DEX that can distribute the fees caused by that needs some people to maintain the dex to make sure if the distribution of dividend will be running smoothly. OP, when you are seeing etherdelta and that DEX is owned by people but again that will be lack of the usage consider about it will have used to trade the token only.
When you are seeing the true dex like etherdelta and try to create a comparison with IDEX and there will be a lot of differences.

[starblocks]

You could theoretically have the same concept where a DEX has its own dividend based token that incentivizes users for using its platform, but this would be a new concept and if it catches on would make them more attractive to traders and investors

[X-ray]

Sounds interesting to be honest but we need to face the problem about decentralized exchange.
 First, they usually lacking the capitalization because people are too comfortable in using centralized exchange they don't even care if there's hacking happened what they care is they feel comfortable and they are hoping for reimbursement if the hacking occured.
Second, crypto users aren't just tech savvy people but also average joe that have no clue regarding this technology. They will have hard time adapting with the new user interface of DEX.
Third, all the existing DEX as of now aren't really decentralized. You still give them private key and that's a big disadvantage here.

[Marckolind]

I didn´t know that there is a decentralized exchange that giveaway fees from exchange profit. Tell me about some.
But, it seems that it could work, we already have decentralized casinos with tokens that gives you an opportunity to participate on profit, so why not have such decentralized exchange?

You can try to take a look at idex and it always distribute ethereum as the dividend to the IDEX token holders. Casinos that paid dividend is not a new thing again, dude
Logically, when you are saying that the DEX must be owned by people and then there will be no a DEX that can distribute the fees caused by that needs some people to maintain the dex to make sure if the distribution of dividend will be running smoothly. OP, when you are seeing etherdelta and that DEX is owned by people but again that will be lack of the usage consider about it will have used to trade the token only.
When you are seeing the true dex like etherdelta and try to create a comparison with IDEX and there will be a lot of differences.

IDEX is not a DEX, and never was. NO ONE can own a true DEX. Trading fee's needs to be paid out through fees set by the individuals hosting the DEX. Fee's involved can either be a "standard" fee, or a fee set by the DEX operator itself. It's different on every exchange out there.
IDEX forced KYC on it's users, which is a CLEAR giveaway that their solution isn't decentralized. That's like asking the users of "ThePirateBay" to verify themselves and their identity, LOL.

[GucciBoy]

It is mandatory to host this on VPS server? Can it still be considered decentralized if people will be hosting it on VPS servers? This's probably my first time of seeing the VPS aspect since I started paying more attention to posts on Blocknet decentralized exchange.
It's still an interesting project though...

Yes, it's completely decentralized, since you can host your server in any country worldwide, making the DEX itself impossible to shut down, since it's gonna be running from multiple places all over the world. (Just like the Internet)

[Wh00re]

You could theoretically have the same concept where a DEX has its own dividend based token that incentivizes users for using its platform, but this would be a new concept and if it catches on would make them more attractive to traders and investors

That wouldn't be a bad idea either honestly, but I don't see how it would work, since everyone would exploit it with trading bots, cheating the "system". Don't see how you can prevent that.
I actually like the way Blocknet does it, where those committed to the project (running service nodes) is paid for their services.

[GucciBoy]

You could theoretically have the same concept where a DEX has its own dividend based token that incentivizes users for using its platform, but this would be a new concept and if it catches on would make them more attractive to traders and investors

That wouldn't be a bad idea either honestly, but I don't see how it would work, since everyone would exploit it with trading bots, cheating the "system". Don't see how you can prevent that.
I actually like the way Blocknet does it, where those committed to the project (running service nodes) is paid for their services.

I'm pretty sure you can't make any solution like that, without having some sort of centralized point of failure.