Do you think the future will be decentralised?

Qiuyue201

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Quote from: Howard Roark on October 12, 2018, 08:25:14 PM

Do you think DEX's like Bancor will be the future of crypto or do you think that it will get more regulated and centralized as time goes on?

https://medium.com/@openpackaging/decentralized-exchange-the-future-of-cryptocurrency-bceee6a4f724

It's already centralized because the bancor team has a key to control the supply of bancor token, they have a lot of ways to erase your bancor or even freeze your bancor token. Basically bancor is a centralized coin dude their dex will be worthless because they can do anything with your token. This based on their code that someone has already found that.

fitzzz

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Its better to have DEX so you still have the the private key of your coins. But the problem is how to connect the blockchain from one another to another since there are different network like eth and bitcoin. Its better to have an atomic swap from one blockchain network to another.

Thesaintplague

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Quote from: Howard Roark on October 12, 2018, 08:25:14 PM

Do you think DEX's like Bancor will be the future of crypto or do you think that it will get more regulated and centralized as time goes on?

https://medium.com/@openpackaging/decentralized-exchange-the-future-of-cryptocurrency-bceee6a4f724

I don't think the future of cryptocurrency exchanges will be decentralized, but I hope so. I would be very happy to get rid of the large centralized exchanges that have completely monopolized the market. Do you think it's OK to ask for 60 bitcoins per listing? I do not think so.

whirlcoin

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Quote from: sixexgames on October 12, 2018, 08:45:07 PM

I've never used Bancor... but just DEX's like IDEX and EtherDelta. In my opinion, they're not nearly as user friendly as centralized exchanges... but I do like the fact that I still have ownership of all my coins and I don't have to worry about an exchange getting hacked or stealing coins.

Binance is going to launch their decentralized exchange in the upcoming year so it maybe a turnaround in the centralized exchange then people will trust more on the exchange and will keep their coins into theor wallets.So yes the future will be decentralized that is why satoshi nakamoto found decentralized crypto currency.

accounting 181293

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no, it's difficult to create a DEX market because there are too many Blockchain networks now. bitcoin has private blockhain, ethereum and erc20 have private Blokchain too and others. so to connect all the coins in one exchange cannot use the DEX system.

vanya.pronin.1983

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I hope that the future will be decetralized. Crypto currencies market has so much potential but we need more products that are actually working. Without working products, crypto currencies industry will die in a very short period of time.

andor.gellenhidi

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It is difficult to say because today it is often the case that those projects that were previously truly decentralized, today these projects are not as decentralized as before, because projects have become very active in redeeming.

Kunlejoe0

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Decentralisation is the core of cryptocurrency existence. I think we are going to see decentralized exchanges, service become more established and the new standard of cryptocurrency as cryptocurrency mature into adoption.

ityandsyn

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Quote from: Howard Roark on October 12, 2018, 08:25:14 PM

Do you think DEX's like Bancor will be the future of crypto or do you think that it will get more regulated and centralized as time goes on?

https://medium.com/@openpackaging/decentralized-exchange-the-future-of-cryptocurrency-bceee6a4f724

Well many countries are already have their regulations in cryptocurrency because they want to monitor and have a full control on these , so I think more centralized coin will come up next year .

barnes13

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Quote from: Howard Roark on October 12, 2018, 08:25:14 PM

Do you think DEX's like Bancor will be the future of crypto or do you think that it will get more regulated and centralized as time goes on?

https://medium.com/@openpackaging/decentralized-exchange-the-future-of-cryptocurrency-bceee6a4f724

That can happen, because decentralized exchanges have features that are easier, faster, and without complexity.
Today, centralized exchange has a rather complicated system to ensure the security of user accounts with the KYC system. Of course this can be a plus and minus point. While decentralized exchange does not have that system, but they use a peer-to-peer system and we don't need to worry about the data we enter because they don't store it in the database.
So, let's see in the future. What's better? to be honestly, I still like to use both because they have their advantages and disadvantages.

Howard Roark

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Quote from: sixexgames on October 12, 2018, 08:45:07 PM

I've never used Bancor... but just DEX's like IDEX and EtherDelta. In my opinion, they're not nearly as user friendly as centralized exchanges... but I do like the fact that I still have ownership of all my coins and I don't have to worry about an exchange getting hacked or stealing coins.

Yes the user interfaces and ease of use puts a lot of people off, Bancor is a bit different as it has a great looking user interface and is simple to use, this guy did a good video tutorial https://www.youtube.com/watch?v=Z-bWTt0hejo&feature=youtu.be

sixexgames

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I've never used Bancor... but just DEX's like IDEX and EtherDelta. In my opinion, they're not nearly as user friendly as centralized exchanges... but I do like the fact that I still have ownership of all my coins and I don't have to worry about an exchange getting hacked or stealing coins.

Tipstar

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We might get a combination of both.
There would be people/coin that would not like to be regualted and they'd choose the decentralized option.
Specially projects that would be funding through ICOs would choose regulations where investors too would feel secured and a win win situation for both and the governments.

Howard Roark

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Do you think DEX's like Bancor will be the future of crypto or do you think that it will get more regulated and centralized as time goes on?

https://medium.com/@openpackaging/decentralized-exchange-the-future-of-cryptocurrency-bceee6a4f724

Topic: Do you think the future will be decentralised? (Read 181 times)