every time there is some sort of restriction from the government or exchanges like KYC,... on centralized exchanges it pushes people towards the decentralized alternatives, also every time there is another big exchange scamming people it pushes people towards them but it works both ways. whenever there isn't that much things changing like these days, no big exchange pulling scams,... people start feeling falsely safe and forget about DEXes. which means development, innovation and progress slows down or sometimes even stops. and we are at that point and that makes 2020 nearly the same as this year. unless something big changes like Binance scam!
Agreed. Complacency is a recurring problem. How many times have big exchanges gotten hacked or exit scammed? Then a new one shows up and the response is... "but this time it's different!"
Centralized exchanges are nothing but a joke. Why should I believe 3rd party with my assets? Stealing people's money is not uncommon, so are the hacks. And lastly KYC. Dont you think KYC is against whole crypto concept. You are not anonymous if you do the KYC. So yes, dex is the future.
Thank you. Do you know how many people are content with rampant KYC? It's disgusting. Don't they realize that KYC and blockchain are like mixing milk and gasoline together?
I will say NO to DEX for now or in 2020, there are many problems you may experience while using DEX at the moment one most obvious is speed like for example if you are trading at fd and attempting to buy on the current order book as I usually experienced I always got some error says that order was already taken etc,,order book not updated as we all know theres no blockchain for now that can process same with centralized exchange like Binance can process almost 1m orders/s its a long way to go before many users will eventually transfer into DEX.
If not 2020, when? 1m orders is impressive. All the while, how much of that is organic trading?
we still need centralized exchange. maybe in the future DEX will become popular, but there are still some problems that cannot be solved by DEX. one of the difficult problems for DEX is combining several blockchain in one platform. on average DEX currently only supports one or two blockchain networks, whereas there are many blockchain networks today such as waves, ethereum, EOS, bitcoin and others.
therefore if DEX cannot solve this problem we still need CEX.
Stakenet's approach of using their masternode to run the DEX and host full nodes should make a noticeable difference there.
Instead of downloading 12 different chains in their entirety, you can just download an app and press a button to LN/atomic swap between them.