Topic: When will truly decentralized margin trading with atomic swap be possible (Read 181 times)
June 19, 2019, 09:31:59 PM
Not anytime soon to be honest. We don't even have a truly decentralized exchange yet; and not to mention that the current sort of "semi-decentralized" exchanges we have right now aren't even that good yet.
June 19, 2019, 07:41:44 PM
First off let me make a few caveats
BBOD and Binance are two planned margin trading dex. They aren't entirely onchain. This means they are centralized with servers, regulatable, seizable, at least their servers are, they can be controlled by government
I mean an anonymous DEX that is unenforcable, with atomic swap. I mean a DEX that operates like bitcoin itself and TOR. Something with no company behind it, no offchain server settlement. Something that cannot be tied to identity. IMO this is a very important critical tool for political freedom that needs to be invented.
Soon global mandatory kyc on all exchange will be legislated. Bad news. Remember not everyone wants regulation, bitcoin was promulgated by anarchist and libertarian. I still see it fundamentally as a political tool against censorship.
BBOD and Binance are two planned margin trading dex. They aren't entirely onchain. This means they are centralized with servers, regulatable, seizable, at least their servers are, they can be controlled by government
I mean an anonymous DEX that is unenforcable, with atomic swap. I mean a DEX that operates like bitcoin itself and TOR. Something with no company behind it, no offchain server settlement. Something that cannot be tied to identity. IMO this is a very important critical tool for political freedom that needs to be invented.
Soon global mandatory kyc on all exchange will be legislated. Bad news. Remember not everyone wants regulation, bitcoin was promulgated by anarchist and libertarian. I still see it fundamentally as a political tool against censorship.
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