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Topic: Monero exchance centralization... a danger? - page 6. (Read 6395 times)

legendary
Activity: 1358
Merit: 1014
January 03, 2017, 02:02:25 PM
#1
Monero seems like one of the few altcoins that isn't gettin completely destroyed by the rise of the great king bitcoin, grandpa of all coins. Seems like Monero managed to stay on the green numbers or have small red numbers a couple of days... the problem is... all of Monero's trading is happening in Poloniex. Sure other trading happens in other exchanges, but we are talking about 95% aproximate trading happening in Poloniex.

In case Poloniex goes MtGox... well we know what happened in 2013 when MtGox was the only exchange.

Well? This and the scaling problem (I have my doubts about how Monero is going to scale) don't convince me to take a serious long term investment in the coin. Will it have a Lightning Network solution? it will keep scaling all onchain? and when we can expect more exchanges? 95% on a single exchange is a big point of failure.
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