Topic: (Yes or NO) The 2020s belong to DEXs - page 17. (Read 5566 times)

You see, centralized exchanges are easier to use, is famous and is regulated to be clean so beginners tend to use it first. Most exchanges don't ask for KYC so you create an account and you can trade. If DEX were to have an easier access too then it would be so convenient to use it. Don't be mistaken, DEX has a lot of potential, they just need more time and attention to at least be on par with centralized exchanges.

Yes, indeed shitcoin is easily entered into DEX. I think there should be an institution or DEX owner that regulates these new projects so that they don't easily enter DEX and sell their tokens at will.
Actually, DEX or CEX, I just love both. Both have their respective advantages. Yes, of course not CEX or DEX carelessly. Like Binance, Binance DEX, Kucoin, and IDEX.

Still there's a lot of things to happen, yes DEX is the future, but we don't know what will happen, is people going to trust them and use their exchange or not, so it depends on the people's preference. Although, DEX is not good for me as they will list a lot of shitcoins there, it is just for their own so that they can earn even in shitcoins.

DEX is the future. For now it is rather difficult to compete with cetralized exchange. Because of their greater prestige, trading volume too, and most recently they added the IEO feature. This makes them increasingly used by crypto activists. Now, large exchanges have started to make a lot of new DEX. This is a sign that the DEX era will soon develop because it is safer, without fake volume, and also buyers and sellers are connected directly without a third party.

Indeed, the problem cannot be broken because centralized exchange is still on the Ethereum blockchain network. DEX exchange is currently still in demand but the most widely used is CEX, and I have not seen any project that can solve this problem, DEX and CEX are used to trade the same so from trading it has a different performance.

I don't know. Binance has a fine CEX, but their DEX isn't a DEX and the way they manipulated BlockDX for info remains suspicious.

Aggregation should eliminate the liquidity problem for good.

I didn't add Binance DEX because it's not a real DEX so it doesn't count. It has geo-blocking. I can't even access it in my own country

Their position is similar to a casino's. If crypto tanks, less people might gamble but they'll always win money from whoever still comes in to play.

CEXs had a 5 year start. Even still, I see DEXs catching up with them fast.

A very very complex and controversial issue is when such things can happen at all. Those scenarios that I see are very sad. S
omething must happen that will make people stop trusting centralized exchanges, for example, hacking all exchanges at the same time, which if it happens it will be very soon.
It is also worth noting that the exchanges you are talking about have fairly mediocre liquidity (possibly except IDEX, but this is a partially centralized exchange) and this is a problem,
the speed of order execution leaves much to be desired because decentralization works this way.
But this is not the main problem, perhaps the most important problem is that servers for detailed exchanges are very expensive.

That would be one great moment in history. I can't wait for it.
At that point the centralized exchanges will remain only a gateway for fiat, which I guess that DEXes will be unable to address.

Everything takes time, just like how Binance is as it launche before, more doubts and just time goes by it provides a better performance. They even add a Binance dex simce they see the potential to more trader who prefers a decentralized exchange than their normal exchange Binance. In time as more Dex exchanges appears we can identify whice are better to use in terms of trading, services, profits and performances.

Central exchanges have far more barriers and rules to them and yet they will always be playing catch-up with DEXs in terms of security.
Let's say you have a CEX and a DEX. Both are fast, both user-friendly, both with impressive volume, both easily downloadable.
Do you side with the CEX when so many have been hacked and you don't have full ownership of your keys/coins, or the DEX where you do?

Yeah IEOs have been the buzzword for awhile now, that's for sure.

Binance DEX is decentralized in name only. It has geo-blocking and uses placeholder coins. It's not a good example of a DEX, namely because it isn't one.

Speed, volume, accessibility. A lot of people have been saying that in this thread. It's true there are setbacks for now, but not for long.
I think you will all be blown away when you see what Stakenet's gonna do for the DEX space. 

The problem with decentralized exchanges is that you have to have a deeper understanding about connecting your wallets to the exchange's smart contract. And trade execution is really 10x slower than the centralized exchanges. Maybe someday but not now.

How can it be a year for DEXs when the Centralized exchangea like Binance, Upbit, OKEx, Bittrex are still waxing strong and further positioning itself to satisfy the regulatory demands of SEC and the US Market. Just recently, Some privacy coins were delisted from Okex, Upbit on the demands of the Korean Government. I think I am seeing crypto tilting further to centralization with DEXs like IDEX now running KYC for its users

Seems that StakeNet is about to make another jump in price despite the fact that the all market is down and struggling to maintain a stable price, this is what a strong project does when the market takes a dive , it stays strong. There are a lot of people talking about DEX lately and this could be only positive news that could reflect in 2020 in both volume and more users. I wouldn't not exclude Blocknet who is stronger and always push updates and waves even if they marketing lately seems to have issues regarding their vision.

Centralised exchanges get more users and would continue to get more users, infact the highest decentralized exchange(Idex) is now asking for KYC before users can trade, so I seriously doubt that decentralised exchanges would start making an impact in 2020, I see no signs of it at all, Centralised exchange are presently the kings and would likely remain so next year.

Current steps for using a centralized exchange to attain true ownership of an altcoin.

1.) Register an account
2.) Verify and KYC
3.) Wait to be verified (depending on exchange it may take up to a week)
4.) Buy Bitcoin (oftentimes somewhere else like Kraken or Coinbase)
5.) Transfer Bitcoin to exchange
6.) Wait for Bitcoin to show up
7.) Buy off exchange
8.) Download individual wallet and let it sync
9.) Transfer off exchange
10.) Wait for coin to show up in private encrypted wallet where you finally have direct ownership of the alt you want to own

...Then it's yours.

Future steps for using a DEX like Stakenet or KMD Atomic DEX to attain true ownership of an altcoin

1.) Register an account
2.) Verify and KYC
3.) Wait to be verified (depending on exchange it may take up to a week)
4.) Buy Bitcoin (oftentimes somewhere else like Kraken or Coinbase)
5.) Transfer Bitcoin to exchange
6.) Wait for Bitcoin to show up
7.) Buy off exchange
8.) Download individual wallet and let it sync
9.) Transfer off exchange
10.) Wait for coin to show up in private encrypted wallet where you finally have direct ownership of the alt you want to own

...Then it's yours.
No accounts. No KYC. No downloading individual wallets. 100% ownership. Trading from a private encrypted wallet. I'll take that any day of the week.

Stakenet is the best example I can think of. They've been aiming to be the "Apple of DEXs" - friendly and intuitive UI, convenient, easy to use, professional but efficient and geared towards performance. They're using LN to power it and aggregating the "DEXosphere", if you will. That will immediately benefit every DEXs orderbooks.

2020? CEXs... but what about 2024?
I guess a lot of DEXs are more about function than form. Stakenet looks nice, though.

I think Lightning will have a great use case in speeding up DEXs and making them less clunky.

DEXs have generations to them now. The newer ones are all about making UI friendly and setup/use convenient.

Agreed.

A DEX that needs placeholder tokens to substitute for real ones isn't a proper DEX. Native interoperability is as key as not having a central authority in control over it.

DEX aggregation may very well change that - and sooner than later!

I think the general sentiment will change quickly when people see how easy to use the newer ones are.
So back in 2017, I used Bittrex to daytrade a lot. I did pretty well and ended up getting a 10x chasing pumps here and there.
Apparently, it was just enough money to raise a red flag for Bittrex. They reset my verification level and froze withdrawals from my well-established account. They held my funds hostage in exchange for high-level verification. Their support was both worthless (avg response time was 4 weeks) and powerless to do anything about my account that was suspiciously reset. Eventually, I managed to get my money back but it took months of fighting. Suffice to say, I never made a single trade on Bittrex after that and I'm delighted that they've pulled a Bitfinex/Polo and became irrelevant.

This is exactly why I'm excited for Stakenet. Zero hassle, just trade. It'll be fast and have the liquidity to hold it's own. Put simply, I can be at peace knowing that I can access my money at any time - even if my bags moon and my balance becomes 10x what it was overnight.
I hope people aren't still in the habit of keeping more than a few hundred dollars on exchanges. If your bags moon, they may just freeze your account because they can.

DEX unfortunately doesn't make as much profit as the centralized ones which means they do not have the means to fight the centralized ones which is why they don't get super recognized and get bigger. Dex is by far the better option for many people and I would prefer to use it as well but looking at how horrible they are usually done I am afraid even I won't be using them for a little more while.

Maybe one day a much better version will come up and they will make money (since they are usually working on token system and could still profit) but until then there is really no DEX that could rival the goliaths that is centralized ones. Who could really fight against Binance for example, those guys are making millions every month, no DEX could profit that much.

DEX has a lack of features compared with big exchanges. based on trader perspective, they need good platform to trade
big centralized exchange gives it and DEX doesnt, so it is reasonable if centralized exchanges get more attention and ofc volume
even they know that centralized is so risky, but they still do

some of them are popular already, every body knows about forkdelta and idex already providing market for the ERC tokens. the volume of each of them are just not enough to make them compete the bigger centralize exchanges. the possible solution is probably organize them all to have one volatility pool where orders from the other dex can be sent to all dex. this way exchanges might just be used widely. i have read this idea from a dex project actually can't remember which one as there are many of them.

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.