Current state of crypto currency sphere is so sad. I remember some time ago people saying how dec. exchanges are the future. Now when we have tens of these available nobody is using them and they just sit there with zero liquidity. I guess people have more trust in Bitfinex.
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In practice, DEX is just marketing hyperbole. If there has ever been a single legitimate fully functional decentralized exchange, I've never heard of it.
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Actually there are few out there. Trading is done in truly peer-2-peer way but the problem is that nobody cares about it. Those DEX just sit there with no liquidity while at the same time people trade on BitFinex. Just shows people are in for the money, nobody cares about decent.
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I'll check any out if you name any of them. But it makes sense, if you are right... a DEX wouldn't be able to quietly pay out customers with their other customers' deposits if truly decentralized.
End of conversation
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Permissionless future is bright
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