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Anonymous
decentralized vs centralized 2017-07-03 03:17:14 Post No. 2694850
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decentralized vs centralized 2017-07-03 03:17:14 Post No. 2694850
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> decentralization/blockchain/cryptocurrencies are the future
> crypto currencies are traded on centralized private exchanges (bittrex, poloniex, etc)
> ??????
what the hell people? I am shocked that nobody gives a fuck about centralized exchanges. how can you trust them? they might be manipulating every coin as far as we know.
you are betting on decentralization with cryptocurrencies, so banks and big corporations will have less control, but everything is still centralized when it is being traded on exchanges. bittrex and poloniex will eventually turn into crypto banks and everything will still be centralized.
you know that every trade that you make on exchange isn't actually written on the blockchain? it only happens inside exchange's SQL servers. whole exchange is just one big wallet.
why the hell isnt there a coin whose wallet would be a global crypto market? what am i missing, why wouldnt it work?
and if it would work, why dont we team up and make it happen
> fullstack engineer with 10y experiance here
>>
Where do you work, my cousin is also full stack. Not larping in case anyone thinks I am. Currently in college getting cs degree
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>>2694879
great, keep going. life is so easy with cs degree these days. you just raise your hand and every company jumps on you.
i am currently working for a major energy company in eastern europe. prefer not to tell which for privacy reasons. i have finished multiple products from frontend (html, css, javascript) to backend (java, javascript, python, php, sql)
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What
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>>2696364
what do you mean?
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>>2694850
there are several decentralized exchanges in the works right now
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>>2694850
nvo: nothing yet, but could be promising
bitshares: not a lot of volume
and I'm sure some more are coming
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>>2694850
>and if it would work, why dont we team up and make it happen
forgot to add: not to FUD you making one, it'd probably be great
there are some already in the works tho
waves is trying to do it but they keep all the waves money(NGRhaters), ark will try and implement it for almost-free, NVO recently had for it and will actually pay dividends on the exchanges done if you hold the tokens
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>>2694850
>they might be manipulating every coin as far as we know.
>might
.. use etherdelta.
>>
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So I'm supposed to send my money to some random guy and trust him? Is this how this thing works?
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