I don't think DEXs are a great choice. Nobody hates doing KYC because we do KYC to protect our account. new scammers are afraid of doing KYC. I have also looked at the DEXs market, but actually it did not meet the most important needs. No matter how good the blocknet is, it still can't get as good volume as CEXs. Besides, when there is a transaction problem, CEXs still provides better support. Besides, the habit has been absorbed into the blood of traders, in good exchanges like Binance, Huobi, there are many better tools for DEXs.
I guess your country has never been on the list of restricted ones, or the funds in your account have never been blocked or stolen for a reason not caused by you. Why is large volume so necessary for you? Are you afraid to create a new selling or buying wall? If the price on the centralized exchange is the same, what's the problem? Also, the low volume is caused by its less use, not the DEX itself. 
Topic: DEX's could become the next "Gold Rush" - Here's why. (Read 172 times)
It seems OP is a Blocknet staff or fan, because he keeps promoting the project everytime he post.
Dex’s are good but I think the volume of the exchanges are not too attractive. It only attracts bounty hunters where they can easily dump their tokens for quick buck.
Dex’s are good but I think the volume of the exchanges are not too attractive. It only attracts bounty hunters where they can easily dump their tokens for quick buck.
theres some truth to that. i remember etherdelta before, those newly-created tokens - you will expect that they will be easily listed and you need to get on the train at the right time to dump your holdings. otherwise, you will be left bag holder of those crap tokens. it became a dumping exchange of worthless and short-lived tokens. many got rich by the way from that exchange. but too bad for those who bought a lot of those tokens.
the OP has some valid point in terms of owning DEX, however, the problem lies on the trading volume. how it can maintain the activity of the exchange without doing any tactics to sustain it?
I think it's safe to say that the vast majority of us hates KYC. Exchanges requiring more and more info, locking and banning accounts. Wallet maintenances when you really need to withdraw your coins. Exchanges hacked left and right, leaving people with empty pockets.
ALL the trading fees is collected by these centralized entities, and we're talking about MILLIONS of dollars / year.
Everyone seems to WANT Decentralization in EVERY aspect, yet refuses to make use of any DEX's because "Muh... No volume, No liquidity", and most of you probably disregard the whole idea of a DEX.
Blocknet, being the first mover in this field, allows it's service nodes to collect trading fees - Now imagine when DEX's become more and more adopted. You could make a BOATload of money through trading fees, considering how many big players who would make use of anonymity while trading.
It could be the next "gold rush", pushing the price of the coin itself to the roof, since so many people would love to get in on the action.
Don't be the guy digging for gold, be the guy selling the shovels
I'd love to hear everyones thoughts on this. I'm sure a lot of our current trading volume will shift towards decentralized solutions eventually, it's just a matter of time really!
I don't think DEXs are a great choice. Nobody hates doing KYC because we do KYC to protect our account. new scammers are afraid of doing KYC. I have also looked at the DEXs market, but actually it did not meet the most important needs. No matter how good the blocknet is, it still can't get as good volume as CEXs. Besides, when there is a transaction problem, CEXs still provides better support. Besides, the habit has been absorbed into the blood of traders, in good exchanges like Binance, Huobi, there are many better tools for DEXs. ALL the trading fees is collected by these centralized entities, and we're talking about MILLIONS of dollars / year.
Everyone seems to WANT Decentralization in EVERY aspect, yet refuses to make use of any DEX's because "Muh... No volume, No liquidity", and most of you probably disregard the whole idea of a DEX.
Blocknet, being the first mover in this field, allows it's service nodes to collect trading fees - Now imagine when DEX's become more and more adopted. You could make a BOATload of money through trading fees, considering how many big players who would make use of anonymity while trading.
It could be the next "gold rush", pushing the price of the coin itself to the roof, since so many people would love to get in on the action.
Don't be the guy digging for gold, be the guy selling the shovels
I'd love to hear everyones thoughts on this. I'm sure a lot of our current trading volume will shift towards decentralized solutions eventually, it's just a matter of time really!
Especially when it comes to deal with the regulation. About the method to use DEX and it's not so complicated, it's not a major problem that will be faced by the ordinary people as long as there will always be a guide about how to use it.
Even the dex like idex must become the CEX to be compliance with the regulation.
that is true, I forgot about it. regulation is also one of the biggest obstacles for dex especially when they know where the dex is at. I remembered when sec charged eth founder for $388,000 for running an unregistered securities exchange. Even the dex like idex must become the CEX to be compliance with the regulation.
THere are reasons why DEX is still lagging behind CEX, liquidity is a very important thing for any successful exchange, who are those providing liquidity on DEX none. I want to be able to enter and exit a trade at will and DEX can't provide this solution. This is the reason why Binance CEX is very successful and the DEX is just there struggling
Indeed DEX exchange does not provide high liquidity so not many people use it, now there is more CEX for investors because it has more advantages than DEX.
CEX exchange has many benefits that we feel and we have experienced before, I think CEX exchange will not be preceded by DEX exchange.
It seems OP is a Blocknet staff or fan, because he keeps promoting the project everytime he post.
Dex’s are good but I think the volume of the exchanges are not too attractive. It only attracts bounty hunters where they can easily dump their tokens for quick buck.
Dex’s are good but I think the volume of the exchanges are not too attractive. It only attracts bounty hunters where they can easily dump their tokens for quick buck.
The next gold rush isn't the dex's but it's bitcoin. I'm just giving an idea of how should people see what bitcoin really is. Because that's what I think of what bitcoin is right now and that's the perfect definition that we can apply to it.
I have no problem with dex's but this is the struggle that it's facing right now. The low liquidity is one main reason why traders don't want to try it out because they can barely see volumes there and it doesn't matter if the exchanges ask for KYC although we really don't like it but we're forced to.
I have no problem with dex's but this is the struggle that it's facing right now. The low liquidity is one main reason why traders don't want to try it out because they can barely see volumes there and it doesn't matter if the exchanges ask for KYC although we really don't like it but we're forced to.
I think it's safe to say that the vast majority of us hates KYC. Exchanges requiring more and more info, locking and banning accounts. Wallet maintenances when you really need to withdraw your coins. Exchanges hacked left and right, leaving people with empty pockets.
ALL the trading fees is collected by these centralized entities, and we're talking about MILLIONS of dollars / year.
Everyone seems to WANT Decentralization in EVERY aspect, yet refuses to make use of any DEX's because "Muh... No volume, No liquidity", and most of you probably disregard the whole idea of a DEX.
Blocknet, being the first mover in this field, allows it's service nodes to collect trading fees - Now imagine when DEX's become more and more adopted. You could make a BOATload of money through trading fees, considering how many big players who would make use of anonymity while trading.
It could be the next "gold rush", pushing the price of the coin itself to the roof, since so many people would love to get in on the action.
Don't be the guy digging for gold, be the guy selling the shovels
I'd love to hear everyones thoughts on this. I'm sure a lot of our current trading volume will shift towards decentralized solutions eventually, it's just a matter of time really!
ALL the trading fees is collected by these centralized entities, and we're talking about MILLIONS of dollars / year.
Everyone seems to WANT Decentralization in EVERY aspect, yet refuses to make use of any DEX's because "Muh... No volume, No liquidity", and most of you probably disregard the whole idea of a DEX.
Blocknet, being the first mover in this field, allows it's service nodes to collect trading fees - Now imagine when DEX's become more and more adopted. You could make a BOATload of money through trading fees, considering how many big players who would make use of anonymity while trading.
It could be the next "gold rush", pushing the price of the coin itself to the roof, since so many people would love to get in on the action.
Don't be the guy digging for gold, be the guy selling the shovels
I'd love to hear everyones thoughts on this. I'm sure a lot of our current trading volume will shift towards decentralized solutions eventually, it's just a matter of time really!
And those that are really working on the chain are slower then cex, making high frequency trading impossible. But to be honest i think most of dexes can be stopped in case governments wants so. They aren't that decentralized
THere are reasons why DEX is still lagging behind CEX, liquidity is a very important thing for any successful exchange, who are those providing liquidity on DEX none. I want to be able to enter and exit a trade at will and DEX can't provide this solution. This is the reason why Binance CEX is very successful and the DEX is just there struggling
you are wrong, it is not that we do not want to create dex but the mechanism is very complicated. for normal people, it is difficult to use dex and another reason is a high latency whenever we are using it. I do not doubt the fact that we need dex because of the recent law forcing us to do kyc and tracking our transactions, but the dex still needs a lot of improvement until it can be used massively. its current technology will not be able to cover the entire ecosystem, even an existing cex sometime has a problem with their server because of it.
Especially when it comes to deal with the regulation. About the method to use DEX and it's not so complicated, it's not a major problem that will be faced by the ordinary people as long as there will always be a guide about how to use it.Even the dex like idex must become the CEX to be compliance with the regulation.
you are wrong, it is not that we do not want to create dex but the mechanism is very complicated. for normal people, it is difficult to use dex and another reason is a high latency whenever we are using it. I do not doubt the fact that we need dex because of the recent law forcing us to do kyc and tracking our transactions, but the dex still needs a lot of improvement until it can be used massively. its current technology will not be able to cover the entire ecosystem, even an existing cex sometime has a problem with their server because of it.
I think it's safe to say that the vast majority of us hates KYC. Exchanges requiring more and more info, locking and banning accounts. Wallet maintenances when you really need to withdraw your coins. Exchanges hacked left and right, leaving people with empty pockets.
ALL the trading fees is collected by these centralized entities, and we're talking about MILLIONS of dollars / year.
Everyone seems to WANT Decentralization in EVERY aspect, yet refuses to make use of any DEX's because "Muh... No volume, No liquidity", and most of you probably disregard the whole idea of a DEX.
Blocknet, being the first mover in this field, allows it's service nodes to collect trading fees - Now imagine when DEX's become more and more adopted. You could make a BOATload of money through trading fees, considering how many big players who would make use of anonymity while trading.
It could be the next "gold rush", pushing the price of the coin itself to the roof, since so many people would love to get in on the action.
Don't be the guy digging for gold, be the guy selling the shovels
I'd love to hear everyones thoughts on this. I'm sure a lot of our current trading volume will shift towards decentralized solutions eventually, it's just a matter of time really!
ALL the trading fees is collected by these centralized entities, and we're talking about MILLIONS of dollars / year.
Everyone seems to WANT Decentralization in EVERY aspect, yet refuses to make use of any DEX's because "Muh... No volume, No liquidity", and most of you probably disregard the whole idea of a DEX.
Blocknet, being the first mover in this field, allows it's service nodes to collect trading fees - Now imagine when DEX's become more and more adopted. You could make a BOATload of money through trading fees, considering how many big players who would make use of anonymity while trading.
It could be the next "gold rush", pushing the price of the coin itself to the roof, since so many people would love to get in on the action.
Don't be the guy digging for gold, be the guy selling the shovels
I'd love to hear everyones thoughts on this. I'm sure a lot of our current trading volume will shift towards decentralized solutions eventually, it's just a matter of time really!
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