NO ONE SHOULD Use Bittrex. Move to Poloniex or Bter.
poloniex cant be trusted either ( hosting there own scam ipo promoting it and then saying they had noting to do whit it < and shit like this )
and bter has problems to ( they steal money whit there system of trading )
craptsy ( has had innumerable problems sins day 1 * witch would have led to a insolvent exchange ) mtgox 2.0 ?
bitturex is swamped whit scam ipo.s ( 1 worse then the other )
Don't really understand why XC is not jumping into this by announcing and focusing on a decentralised anonimous exchange. This is what all we want.
But we have.
What's better than a decentralised exchange that runs only on one coin (and thereby lacks the market penetration to have any kind of useable liquidity)? A decentralised exchange that runs on the Blocknet.
The Blocknet will implement decentralised exchange as the second of its three core technologies.
So it's coming soon.
Please elaborate a bit more about the blocknet exchange and how you will be able to trade coins in there i mean BTC pairs and LTC pairs etc plus fiat. I mean a full exchange like bittrex but decentralised and P2P.
Market penetration, if it was built on top XC meshnetwork, would be reached as everyone would have wanted to trade in this exchange as it is the most secure decentralized true P2P way of trading. I meant a true exchange where you trade all crypto on top of the mesh network in there you can trade everything so I do not understand why you will need the partecipation of blocknet coins for the exchange when you can have them and all the crypto Market place on top of the exchange.
This off course would have boosted XC sales as Xmixers would have had a reason to be online to get fees now there is no reason to have an Xmixer and I have to buy in another product as well that could dump to 500 satoshi the day after I buy in.
You won't need to own Blocknet tokens to use the Blocknet exchange. That's the whole point.
It'll have as many currency pairs as there are participating coins.
Why have it at the Blocknet rather than XC?
- The user base is massively bigger
- Users of the exchange won't have to have an XC app. Any XBridge-enabled wallet will work.
Do you see the point? A decentralised exchange hosted on XC wallets will never work. It has to be cross-platform to gain any liquidity.
Arlyn I truly respect you and the team behind XC and that is the reason I am still here trying to grasp something that I do not seem to be able to grasp.
Im seeying more your point if people do not need to buy tokens to trade on the exchange they will still need to buy in whatever coin that is inside the blocknet to be able to use the exchange and they will be able to exchange it just with coins in the blocknet.
what I had in mind was a 3.0 web service exchange build on top of the mesh network you see my point? noone would have need to buy in any coin of any network he would just go in the exchange and create an account and trade. the exchange would have been on top of the mesh network instead of servers.
I see your point that with the blocknet exchange people will be able to trade from day 1 the coins in the blocknet. what I think is you can see my point also. The users would have arrived once you would have build a new exchange.
Hey Cryptico
A web 3.0 exchange built on top of the mesh network would not be something you'd log in to. Your app would receive bids and asks directly from other nodes, and it would trade directly with other nodes.
If it were only on the XC network, then how would Xnodes accept other currencies? They couldn't, because they're just XC wallets.
Alternatively you could build a traditional centralised exchange on XC's mesh network, offering different currency pairs as per usual.
But this would be no more secure than Bittrex/Mintpal/Poloniex. Its owners could still freely abuse their position of power in myriad ways.
What we're waiting for is a truly decentralised exchange. And for this to work, there needs to be an API in every currency's nodes that enable them to talk to nodes from other currencies.
It needs an XBridge. It needs the Blocknet.
