After FTX collapse, some call for a return to decentralized roots

[Iyeman]

As the industry continues to mature, it's possible that decentralized exchanges will improve in functionality and become more viable alternatives to centralized exchanges. It's important to monitor advancements in the DEX space and support projects that prioritize user control, privacy, and security.

Some dex has decent volume this time. People learned from FTX's case but they never learned if dex was also BS. I meant so many cases that was making the users got trapped caused by they platform goes down and they could not access their own money. DEx is good as long as it's truly decentralized but i don't even see any true decentralized dex till this time.

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[s.tanishka]

It will be a long time before we see true 100% dex. It's very funny when a project claims to be 100% dex, but after some danger stops the blockchain or cancels transactions.

[Sethrey]

Some dex has decent volume this time. People learned from FTX's case but they never learned if dex was also BS. I meant so many cases that was making the users got trapped caused by they platform goes down and they could not access their own money. DEx is good as long as it's truly decentralized but i don't even see any true decentralized dex till this time.

Then you can try to check Crypton Exchange. The biggest disadvantage is a small variety of acceptable coins. But as soon as now privacy coins are again delisted from numerous exchanges, they can accept them to be traded here.

[fzkto]

Some dex has decent volume this time. People learned from FTX's case but they never learned if dex was also BS. I meant so many cases that was making the users got trapped caused by they platform goes down and they could not access their own money. DEx is good as long as it's truly decentralized but i don't even see any true decentralized dex till this time.

Then you can try to check Crypton Exchange. The biggest disadvantage is a small variety of acceptable coins. But as soon as now privacy coins are again delisted from numerous exchanges, they can accept them to be traded here.

So far, private coins have not been excluded from exchanges, for example Binance still trades most such coins. Or smaller exchanges continue to trade too. But some private coins have their own DEX. I think that if delisting will start, many users will start to use such DEX rather than third-party services.

[timoshani]

Some dex has decent volume this time. People learned from FTX's case but they never learned if dex was also BS. I meant so many cases that was making the users got trapped caused by they platform goes down and they could not access their own money. DEx is good as long as it's truly decentralized but i don't even see any true decentralized dex till this time.

Then you can try to check Crypton Exchange. The biggest disadvantage is a small variety of acceptable coins. But as soon as now privacy coins are again delisted from numerous exchanges, they can accept them to be traded here.

So far, private coins have not been excluded from exchanges, for example Binance still trades most such coins. Or smaller exchanges continue to trade too. But some private coins have their own DEX. I think that if delisting will start, many users will start to use such DEX rather than third-party services.

If there is a certain supply from the token, then there will be a certain interest from the exchanges. LUNA were traded on Binance, after the collapse of Terra. Other exchanges did not believe. But this does not mean that Binance should repeat the history of FTX.

[lalabotax]

I understand this feeling, losing trust in CEX, because no matter how big the platform is, if there are problems and related to regulations, then CEX will be hit and have an impact on the assets it owns. This is really annoying. But on the other hand, sometimes we also hesitate to use DEX platforms for several reasons. Even though there are actually a number of DEXs that are indeed reliable and quite reliable.

[fzkto]

Some dex has decent volume this time. People learned from FTX's case but they never learned if dex was also BS. I meant so many cases that was making the users got trapped caused by they platform goes down and they could not access their own money. DEx is good as long as it's truly decentralized but i don't even see any true decentralized dex till this time.

Then you can try to check Crypton Exchange. The biggest disadvantage is a small variety of acceptable coins. But as soon as now privacy coins are again delisted from numerous exchanges, they can accept them to be traded here.

So far, private coins have not been excluded from exchanges, for example Binance still trades most such coins. Or smaller exchanges continue to trade too. But some private coins have their own DEX. I think that if delisting will start, many users will start to use such DEX rather than third-party services.

If there is a certain supply from the token, then there will be a certain interest from the exchanges. LUNA were traded on Binance, after the collapse of Terra. Other exchanges did not believe. But this does not mean that Binance should repeat the history of FTX.

In the cryptocurrency world, no one is immune to collapse. Large exchanges such as Mt.gox or btc-e have crashed. FTX has also collapsed. Now there is a targeted attack on Binance and Coinbase. I guess nothing lasts forever in this world and a crash is just a matter of time.

[s.tanishka]

Now there is a strong attack on Binace and Coinbase, but they are too big exchanges to be broken. FTX was a big exchange, but frankly it had a terrible design, it was one of the most uncomfortable and unpleasant exchanges. Also, there was too little liquidity on many pairs. I always wondered why FTX was one of the top three cryptocurrency exchanges.

[Vickysagar]

Now there is a strong attack on Binace and Coinbase, but they are too big exchanges to be broken. FTX was a big exchange, but frankly it had a terrible design, it was one of the most uncomfortable and unpleasant exchanges. Also, there was too little liquidity on many pairs. I always wondered why FTX was one of the top three cryptocurrency exchanges.

I don't think the exchange can be too big to fall. If Binance don't have the funds that they claim it has, then its crash is just a matter of time.

[Sethrey]

So far, private coins have not been excluded from exchanges, for example Binance still trades most such coins. Or smaller exchanges continue to trade too. But some private coins have their own DEX. I think that if delisting will start, many users will start to use such DEX rather than third-party services.

I've never spoke about third-party services. I don't even know what is that.. And you're wrong about delisting. Check out this article: https://cointelegraph.com/news/binance-to-delist-privacy-tokens-in-france-italy-spain-and-poland

[asriloni]

I don't think the exchange can be too big to fall. If Binance don't have the funds that they claim it has, then its crash is just a matter of time.

True, it's caused by there are no transparency in the exchange sites. I meant some wallets must be dedicated to make sure if it will always become transparent, but we can identify easily the hot wallet.
Remember when FTX was collapse. Its wallet was also fully transparent. The only problem is if the investors and users didn't know the financial in the company.

They have no clue about what's going on with it. That's why the retail investors and users will always be loosers once the exchange site goes bankrupt.
There are no decentralizations in the crypto except bitcoin.
Everything being controlled by the developers even dapps as well.


I think that if there shall be a reliable method to disclose the financial condition from any crypto exchange sites. I meant something like a financial report once you are seeing from the stock market.
So far there was no exchange site that was published their financial report properly.

[kapalmabur]

DEX will be the biggest market in 2025 or 2030 because there are already many CEX exchanges that have ended up bankrupt,
after FTX then now there are COinbase and Binance which might go bankrupt because they are fighting the SEC,
of course if they win it will be safe, but if they lose it is certain Bitcoin will be dumped and all altcoins will be dumped too.

[justdimin]

it's caused by there are no transparency in the exchange sites. I meant some wallets must be dedicated to make sure if it will always become transparent, but we can identify easily the hot wallet.
Remember when FTX was collapse. Its wallet was also fully transparent. The only problem is if the investors and users didn't know the financial in the company.

They have no clue about what's going on with it. That's why the retail investors and users will always be loosers once the exchange site goes bankrupt.
There are no decentralizations in the crypto except bitcoin.
Everything being controlled by the developers even dapps as well.


I think that if there shall be a reliable method to disclose the financial condition from any crypto exchange sites. I meant something like a financial report once you are seeing from the stock market.
So far there was no exchange site that was published their financial report properly.

The difference was that in that case FTX just spent money that they didn't have, which caused them to collapse. We had something similar in my nation as well, a crypto company ended up spending the money they had in their books that wasn't theirs to buy out another company, but after a certain threshold of people withdrawing due to bear market, it all went belly up and bankrupted.

In the end, decentralized is good and all, but we can't keep having that type of thing on the long run, it just won't be possible, decentralized is not sustainable because it requires our contribution constantly for liquidity and if we don't then it doesn't work. It would require all of us to go there together to be less volatile than centralized ones, and I don't see how we can convince that many people.

[s.tanishka]

DEX will be the biggest market in 2025 or 2030 because there are already many CEX exchanges that have ended up bankrupt,
after FTX then now there are COinbase and Binance which might go bankrupt because they are fighting the SEC,
of course if they win it will be safe, but if they lose it is certain Bitcoin will be dumped and all altcoins will be dumped too.

In theory, it is possible that Binance will lose the SEC trial, but Coinbase will definitely win. Binance does not need America, they can create a lot of their own large exchanges! But Coinbase is the flagship of cryptoamerica

[Sethrey]

DEX will be the biggest market in 2025 or 2030 because there are already many CEX exchanges that have ended up bankrupt,
after FTX then now there are COinbase and Binance which might go bankrupt because they are fighting the SEC,
of course if they win it will be safe, but if they lose it is certain Bitcoin will be dumped and all altcoins will be dumped too.

It's difficult to predict with certainty which type of exchange will dominate the market in the future. The cryptocurrency industry is evolving rapidly, and both centralized and decentralized exchanges will continue to coexist, each serving different needs and preferences of users. It's always a good idea to diversify and explore various platforms to mitigate risks and take advantage of the unique features offered by different exchange types.

[woez]

It will be a long time before we see true 100% dex. It's very funny when a project claims to be 100% dex, but after some danger stops the blockchain or cancels transactions.

It is what it is and this is inseparable from Trust and Transparency because In the crypto world, trust is a key factor. When a DEX project claims to be 100% DEX, there is hope that the transaction will go ahead as planned without third party interference. However, in the event of a technical failure or glitch that could affect transactions, this can reduce user trust in DEX.

Beyond this incident, I think Stakeholders there will focus on overcoming technical hurdles, improving security, and implementing a more decentralized decision-making mechanism. As development continues, further progress towards achieving a more decentralized DEX can be seen.

[s.tanishka]

From the original idea of Satoshi Nakamoto, only some projects that follow his precepts remain. 99% of the projects now only pursue a commercial goal. And only 1% of projects really care about decentralization and privacy.

[Sethrey]

Okay, what about the latest great airdrops? Utopia P2P just launched a huge airdrop for all its users. All you need to do is to be online in their messenger and there are 11,111 daily winners! Here's the info: https://twitter.com/UtopiaP2P/status/1669624485387939843

[TastyChillySauce00]

I see that if FTX has been returing 7 billions worth of money to be credited to the its investors again who have lost money due to the collaps of FTX under SBF.  There is a plan to recover FTX again as there are so many investors are interesting to help in recovering this company again.

FTT price soars again.

[Freddie Boyer]

I see that if FTX has been returing 7 billions worth of money to be credited to the its investors again who have lost money due to the collaps of FTX under SBF.  There is a plan to recover FTX again as there are so many investors are interesting to help in recovering this company again.

FTT price soars again.

Yes. FTX begins discussions to relaunch its international exchange. Reversal mission I think. it's like an old wound treated but the scar is still visible. really smart people have a lot of sense. I don't know if it works or not but if it works I'm sure like you said many more stories will be born. hope it doesn't happen again.