Topic: Is the complete anonymity and decentralization of bitcoin good or bad? - page 2. (Read 238 times)
January 27, 2018, 12:26:27 AM
A decentralized trustless currency relying on centralized exchanges, a bit ironic, but the Bitcoin ecosystem hasn't evolved to the point where decentralized exchanges are dominant. Agreeable that centralized platforms experience a lot of issues, from scam to hack to freezing accounts to technical difficulties/downtime. But again at the same time, there is liquidity, well-established platforms have credibility, and that's what most users prefer, but IMO there would be a greater need for decentralized exchanges in future, would be a necessity and there are already some exciting platforms, but with very low volume. We just have to wait and see how these projects would turn out.
January 27, 2018, 12:11:54 AM
Before talking about the characteristics of bitcoin with others, my friend raised doubts that when trading on the trading platform, we should save the bitcoin to the address specified by the platform, that is to say, we handed the bitcoin to the trading platform in exchange for " At any time to the platform to mention the credit "commitment. But there have been several incidents in which platforms were stolen and bitcoin stolen, investors suffered. Moreover, due to the characteristics of bitcoin, the stolen currency has no traceability, that is to say it does not even know whether it is a trading platform to defend itself from theft. Is it ironic that a so-called decentralized currency relies heavily on the credit of the trading platform? This makes me feel embarrassed, I do not know how to accurately refute him, I hope you can express your opinion.
Ther is no complete anonymity in bitcoin. You're mistaking BTC and XMR.
January 27, 2018, 12:00:49 AM
Before talking about the characteristics of bitcoin with others, my friend raised doubts that when trading on the trading platform, we should save the bitcoin to the address specified by the platform, that is to say, we handed the bitcoin to the trading platform in exchange for " At any time to the platform to mention the credit "commitment. But there have been several incidents in which platforms were stolen and bitcoin stolen, investors suffered. Moreover, due to the characteristics of bitcoin, the stolen currency has no traceability, that is to say it does not even know whether it is a trading platform to defend itself from theft. Is it ironic that a so-called decentralized currency relies heavily on the credit of the trading platform? This makes me feel embarrassed, I do not know how to accurately refute him, I hope you can express your opinion.
We can't really say if bitcoin is bad or good, actually there are pros and cons in using it and transacting with it. One of its disadvantage is that bitcoin though it protects your identity, transactions are always in public. Yes, when we give our token for an exchange, it will be a risk for us because we leave our tokens in the hands of another. A lot of people complained about this one and this things are just unavoidable. As users all we can do is to secure our transactions by keeping our private keys to ourselves and by avoiding using public wifi's when having transactions. January 26, 2018, 11:50:48 PM
Indeed, when we give token to the exchange, it is only based on trust.
A number of exchanges have been stolen recently, and some centralised exchanges may be able to pay for some of the stolen tokens, but the decentralised exchange...
A number of exchanges have been stolen recently, and some centralised exchanges may be able to pay for some of the stolen tokens, but the decentralised exchange...
January 26, 2018, 11:46:44 PM
Before talking about the characteristics of bitcoin with others, my friend raised doubts that when trading on the trading platform, we should save the bitcoin to the address specified by the platform, that is to say, we handed the bitcoin to the trading platform in exchange for " At any time to the platform to mention the credit "commitment. But there have been several incidents in which platforms were stolen and bitcoin stolen, investors suffered. Moreover, due to the characteristics of bitcoin, the stolen currency has no traceability, that is to say it does not even know whether it is a trading platform to defend itself from theft. Is it ironic that a so-called decentralized currency relies heavily on the credit of the trading platform? This makes me feel embarrassed, I do not know how to accurately refute him, I hope you can express your opinion.
Jump to: