Quote from: kelsey on March 01, 2015, 12:15:25 AM

Quote from: darkota on March 01, 2015, 12:04:21 AM

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 will be abundant, among other things

Decentralized Exchanges sound good in theory, but in practice it just isn't plausible.

Why do you need to get USD in for a decentralised exchange to work?

I've used and traded cryptos for years yet not once have I ever used USD (I've never even seen any US currency) nor have I traded cryptos for fiat.

The whole point of cryptos is to be an alternative to fiat (but thats lost on most the in cryptos for the fiat crowd).

Well, yes - if your looking for a cryptsy type exchange. Most people here don't like alt's though, and when speaking of exchanges, they mean as a means of moving between fiat currency and BTC. Some people throw out the term "decentralized exchange" thinking that will do away with the risks, but as OP points out, that won't ever be a part of the future... Bitcoin can be held in some decentralized fashion, I"m sure, but dollars and euros, they need to be in bank accounts, and bank accounts need to be tied to individuals.