So, every now and then I see a post about the beauty of a decentralized exchange. Well here's the thing. You can't get USD on a Decentralized Exchange, adding new coins to trade will always be a headache, and since there won't be any censorship, scamming with new, random, 2 day old altcoins with be abundant, among other things
Decentralized Exchanges sound good in theory, but in practice it just isn't plausible.
I have no experience in directly dealing with decentralized exchanges but I see several things that I would like to address (that in fact ties in with any place where you trade):
since there won't be any censorship, scamming with new, random, 2 day old altcoins with be abundant, among other things
That's why you use common sense and avoid shady coins.
Aside from that, the idea of decentralized exchange is like the idea of cryptocurrencies: you have to keep trying to come up with that one mechanism that works and has the least issues possible.