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Author Topic: Will UNISWAP become a centralized exchange?  (Read 882 times)
Shallow
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October 15, 2020, 09:52:02 AM
 #21

Uniswap started as a decentralized exchange meaning that the main purpose of Uniswap was to be a decentralized exchange, that is the way it is built and will most likely remain. Should in any case the team tries to change to a centralized exchange, many things will go wrong and one of them is, the Uniswap exchange will lose its touch, users and reputation. Hence once the purpose is no longer there, lack of interest will set in and gradually the exchange will die.
Therefore in all ramifications, it is better of being the way it is, but should continue enhancing to be more better. Moreover, being the top Decentralized Exchange, I do not think Uniswap will do anything to jeopardize their platform.

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October 15, 2020, 10:00:37 AM
 #22

I never think that they whole advantage of UNISWAP is to be Decentralized so that everyone can provide liquidity in it and doesn't need a listing and the whole process of that if so it would have a lot of serious competitors like Binance and Kucoin which I don't think it can compete with them easily.
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October 15, 2020, 10:14:13 AM
 #23

No, this will not happen. They have gained trust through ease of use, convenience and decentralization. Attempts to influence Uni will be from Centralized Exchanges with large volumes, but I think they will not have enough power due to the growing popularity of Uni.
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October 15, 2020, 10:25:00 AM
 #24

Given the latest hype news from Uniswap, is it possible that in the new management scheme there will be risks of centralization and possible absorption by big people?
For example, the Dharma Corporation may well exert pressure and control over Uniswap.
I think only time can tell because in the crypto industry there is no guarantee to be exact forever, some reasons are the government intervention and regulation issues, etc, just like what happened in some decentralized exchange before, that has been adopting the centralized way because of the government pressures things like that might happen along the way thats why UNISWAP has no guarantee to be an exact DEX forever.
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October 15, 2020, 10:36:57 AM
 #25

If you mean centralized in terms of governance it will depend on wether big exchanges can use the tokens deposited in their platforms tu rule the protocol or not. If you mean the exchange itself I don't think so, if you take a decentralized exchange and turn it into a centralized one you are killing it, it would be much better just shut it down.
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October 15, 2020, 10:40:39 AM
 #26

I don't think UNISWAP can ever become a centralized exchange mainly because of two reasons.

1. Uniswap's code is completely open-source which means everyone can build on uniswap.
2. If they ever become centralized, that would mean UNI tokens will become kind of useless because the main use case of UNI was the governance of uniswap exchange.

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October 15, 2020, 01:50:51 PM
 #27

I don't know much about what is going on there, but from the little I know, it seems they are trying to create a suitable governance system that wouldn't affect their agenda and probably the quality of decisions they make. Unfortunately, they are trying to do this by creating an elitist type of setting instead of true consensus/governance that doesn't exclude any stakeholders from full participation in network consensus and governance. Deliberately making governance for all stake holder hard to participate in doesn't sound decentralized to me.
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October 15, 2020, 01:53:20 PM
 #28

maybe uniswap will not do that, the community already believes and does not want that to happen, if uniswap switches to centralized exchange, it is likely to lose a lot of traders and unsiswap will come back like the others, running in place.

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October 15, 2020, 03:47:25 PM
 #29

Given the latest hype news from Uniswap, is it possible that in the new management scheme there will be risks of centralization and possible absorption by big people?
For example, the Dharma Corporation may well exert pressure and control over Uniswap.
I do not think there is a chance of centralized system because the platform is completely decentralized and i hope the next version of the platform will be more advanced, simpler in user or trader point of view and offer all features that a centralized exchange can offer.

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October 15, 2020, 03:51:39 PM
 #30

Maybe they made a market unswap with a different goal at first.
so that uniswap is the largest decentralized exchange today.
i am not sure if they will change it to centralized in the near future, because as far as i have seen until now it is still crowded and widely used, and just like other dex has no limit.
but it has a different liquidity status from other dex, where we can see the volume of a token from the amount of liquidity

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October 15, 2020, 04:42:01 PM
 #31

I do not understand the question exactly. From my point of view, if there is a possibility to convert a decentralized thing to centralized, then it means that it is not fully decentralized. It is not being run by protocols only.

Yes.. If decentralised can be converted to centralised.. That means it's actually not centralisrd.. Decentralised means ones it's started, it cant be reversed. So converting a decentralised exchange like  Uniswap to centralized actually means its not decentralised from the beginning.

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October 15, 2020, 04:50:44 PM
 #32

Right now uniswap getting popularity as a decentralized exchange.and they listing new project everyday it’s a super fast progress.i do not think team's have such thoughts.and it’s not a one click matter to do decentralize to centralize platform but they can develop a new centralize exchange this is different things.
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October 15, 2020, 10:18:04 PM
 #33

Given the latest hype news from Uniswap, is it possible that in the new management scheme there will be risks of centralization and possible absorption by big people?
For example, the Dharma Corporation may well exert pressure and control over Uniswap.
I'll take the example of idex which was very known before as a decentralized exchange. If it happened on idex, there's a tendency or a slight chance that it can be the same with uniswap. With the technical matters and codings, I have no idea about it.
I'm only comparing it with what we've seen with one known dex before.
Anything can happen depends on how the new management work under the UNI platform and maybe if there’s a government pressure, they’ll become a centralized exchange later on and it can affect the price of UNI for sure. What we see right now is not permanent, they will be more changes, and more development we are not sure about this one, time will tell.
Every possibility is there. What I have compared was that it's possible just like what everyone have seen with the dex that I have mentioned. Because before, no one has ever thought that idex is going to be centralized or semi centralized because it was believed to be one of the best and known decentralized exchange.
Not until things have changed.

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October 15, 2020, 10:20:06 PM
 #34

When something is an opensource, the chances of becoming centralized is scarce and I believe the team will not want to venture into this based on the reputation they have gotten. They cannot just throw it away like that.

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October 15, 2020, 10:27:54 PM
 #35

As we continue to discuss this issue here. i argue all lovers of uniswap and people that are utlilizing this exchange to act fast by voting against Dphrama. the current proposal on going in Uniswap first vote. they are trying to create an monopoly system where they can control trades and also allow themselves to have a large quantity of rewards from the uniswap liquidity. it is uncalled for and should never happen

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October 16, 2020, 02:46:21 AM
 #36

I think UNISWAP is going to be like Etherdelta who's purpose is to provide decentralized exchange for DeFi projects. UNISWAP is built that way and this is what the users want. I don't know about this debates about it being centralized but if they go that way, they will lose a lot customers who relies on dex and other competition might seize the place of UNISWAP.
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October 16, 2020, 03:07:22 AM
 #37

I don't think UNISWAP can ever become a centralized exchange mainly because of two reasons.

1. Uniswap's code is completely open-source which means everyone can build on uniswap.
2. If they ever become centralized, that would mean UNI tokens will become kind of useless because the main use case of UNI was the governance of uniswap exchange.

But anything can happen to this ecosystem, when the worst thing happens, all we can do is shout in the media in hopes that the cunning team will turn out to be wise.
We can take safe steps by not putting most of our assets on UNISWAP, so that all bad possibilities will be minimized the losses, and also if UNISWAP becomes a successful project, at least we won't be left behind to the moon.
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October 16, 2020, 07:00:49 AM
 #38

I don't think UNISWAP can ever become a centralized exchange mainly because of two reasons.

1. Uniswap's code is completely open-source which means everyone can build on uniswap.
2. If they ever become centralized, that would mean UNI tokens will become kind of useless because the main use case of UNI was the governance of uniswap exchange.

But anything can happen to this ecosystem, when the worst thing happens, all we can do is shout in the media in hopes that the cunning team will turn out to be wise.
We can take safe steps by not putting most of our assets on UNISWAP, so that all bad possibilities will be minimized the losses, and also if UNISWAP becomes a successful project, at least we won't be left behind to the moon.

Yea but, uniswap is a decentralized exchange which means, the funds are completely secure and are in your control because you hold the private key of your address.

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October 16, 2020, 07:56:39 AM
 #39

No, this will not happen. They have gained trust through ease of use, convenience and decentralization. Attempts to influence Uni will be from Centralized Exchanges with large volumes, but I think they will not have enough power due to the growing popularity of Uni.
Even CZ itself has already stated if UNI can be threatened a lot of centralized exchange sites. I remember CZ has already published his statement too.
In fact if the swap service has become a very good alternative to the centralized exchange site.

billions money have already locked on the swap service too. It has proven if the swap service has become a very big oppenent to the centralized exchange site. It grows very fast.

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October 16, 2020, 08:03:47 AM
 #40

 this is not possible because uniswap is already created to be a decentralized type of exchange  and i havent seen an decentralized exchange that turned into a centralized or a centralized exchange that turned into a decentralized but its possible that it can be bought and controlled by more influencial and powerful people because i have seen that on the past  . i dont know if that could bring positive effects because i feel that it can also bring a bad effects because it shows that those powerful people are trying to conquer slowly everything on this space  .
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