Topic: Privacy coins suits DEX - page 2. (Read 384 times)

Agree with you, they can't be regulated so they need to be listed in a decentralized exchange.
Actually the purpose of crypto is decentralization, everything should be easy if we are all using decentralized system, including exchanges.

maybe if this initiative will be successful, we might see a big boost of the DEX volume, which does not recover anymore after the ICO craze and the ETH tokens being traded in DEX.

You maybe missed some older projects that already had a lot of functionality before ethereum even had a GUI wallet!
I mean there were project back in 2015 (NXT, NEM, QORA)
that had features like a decentralized asset exchange, blog, chat, naming system (DNS),
address alias system, build in multi signature accounts, polls (voting) and cross chain atomic swaps.
It seems whenever some "new" already  existing feature is launched on ethereum
all the news are reporting like a big achievement event if this stuff existed 4 years before on other blockchains.

Unfortunately NXT fell into oblivion even if it had the 1st decentralized asset exchange.
Maybe it will be rediscovered again!

Regarding cross chain atomic swaps, QORA was the first blockchain that implemented that feature.
It was possible to trade QORA with BURST without 3rd party and middleman directly on chain.
At that time QORA technology was ahead of time but is seems nobody cared about it so it fell into oblivion too.

Now there is one new community project in ongoing development named QORTAL
 which is based on QORA but with new code. It will be soon possible to trade QORT/LTC pair
using cross chain atomic swaps without 3rd parties and no middleman involved!

Remember people the golder rule: Not your keys not your crypto!
I invite you to check the QORTAL thread here https://bitcointalksearch.org/topic/qortal-blockchain-project-decentralized-websites-now-live-5258519
if you are interested in using the platform in near future
or if you would like to support or help developing the project.

DEX have headache of their own, it's better if privacy coins are available on both DEX and centralized exchanges for more exposure, also traders that use privacy coins for trading will be affected too cos trading can't take place on DEX, lack of volume, high fee etc are DEX problem

Then it's probably the perfect time to start getting used to DEX, I believe the best place for privacy coin will be DEX too, a place where regulations can't reach is decentralized exchanges and platforms, I have no problem sharing my identity with centralized exchanges even if regulation comes and all non verified users are ban or abandoned

this year will be the year of regulations that will be imposed by us government and then will be followed by other governments and some governmentsdon'tknow even if it exists like mine. They are now getting to know cryptocurrency and it's a big and vast marketplace that is not regulated so brace yourselves for a lot of new rules and surprises coming out.

You do not even need to do cross-chain, you could always do a move and just switch chains, with a fork. It is not technologically important, let's assume you have your own chain, or you are on ETH chain but you want to move, you could always do a fork and move to another chain and everyone gets the same amount, old chain stops mattering anymore.

However the problem with the privacy coins is literally the name, they are privacy and if it is open on public how could it be privacy to begin with? It would require blockchain to be followed and you would be able to see wallets and how much they have etc etc, you are basically giving rights to the swap in order to let it change your tokens. This is why it would be very difficult for privacy ones to move to uniswap type of places. It is not impossible and by the looks of it that will happen one day, but it is not going to be easy.

Why the complains?  there are over twenty exchanges that still list Monero and other privacy coins presently, XMR for example is available on top exchanges today, it's a matter of choice, XMR, DASH and others can only get delisted from US exchanges, binance US delist coins that SEC sees as threat but not binance itself, thank God that majority of exchanges are not US based

If you are looking only for anonymous coins as investment and no plan to use it then you should sell it now since other centralized exchange will also do the same they will removed it there sooner or later so selling it will be the best option for you. Dex will be a better option to trade anonymous coins how ever many people or traders like us do not want to use that kind of exchange .

This is the sad reality about DEX right now. It very hard to do cross chain on multiple blockchain unless they do the method like what you said. So far I only see maximum 2 blockchain cross chain so far and combining all this privacy coin is really a big challenge to the developer. I'm not familiar that much to the principle of atomic swap but I heard that it might be a solution for cross chain issue.

for the record: first and Best DEX out there:

https://blog.komodoplatform.com/en/atomicdex-komodos-revolutionary-p2p-atomic-swap-decentralized-exchange-now-in-public-beta/

https://komodoplatform.com

https://crypto-economy.com/atomicdex-komodo/

It's not going to be good if privacy coins are delisting from all centralized exchanges because till date you can't comparing trading on centralized exchanges with DEX, traders who prefers to use XMR for trading will have no choice than to abandon XMR for other altcoins that's available on CEX

IMHO, I think that was a good idea and their last refuge, due to delisting frenzies of privacy-centric coins in the centralized crypto exchange market, The best thing to do for these platforms is to unite now to create a DEX suite that was equipped with good features and functions that was comparable to the Centralized crypto exchange but it is up to them after all they will be the ones who affected the most.

Dex has been the to go exchanges for this privacy coins even before the delisting, but still the volume is shallow that it doesn't have any effect on the market. So I don't know, if traders are going to flock to Dex just because of this event, or go underground to trade or simply sell their privacy coins and move out. Really hard to see at this point.

in my opinion, nothing bad happened and this situation will give an additional impetus to the development and increase of liquidity on the decentralized exchange.  Anonymous coins must  be traded anonymously on the DEX.

The problem with this is that most current DEXes support on chain transactions not cross chain and even if they allow you to trade coins from different chain they achieve that by wrapping coins in centralized way.

Good thinking OP, if one looks into privacy coins use cases it's a better fit for decentralized exchanges than CEX, in near future privacy coins will might be forced out of every centralized exchanges but DEX just suit them better like you said, delisting won't stop privacy coins and the hate and unacceptable acts from centralized exchanges will even make privacy coins more noticeable

Agreed and that's there must be more dex that will try to accept the privacy coins. This time there are only a few dexs that already traded the privacy coins. The problem is the majority of dex were focusing into the smartcontract. It's a very small amount of dexs that accepts the privacy coins. It's quite difficult to trade on those dexs consider the liquidity problem faced by the users.
The dev of anonymous coin must also create its own dex.

Privacy coins are getting delisted from some centralized exchanges but I do feel that the best place for privacy coins is DEX exchanges because of their anonymous use cases, also I think that privacy coins represents the real decentralization than other projects trying to claim decentralized..