Post
Topic
Board Bitcoin Discussion
Re: Decentralized exchanges will never work
by
newIndia
on 03/03/2015, 11:32:40 UTC
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.

U r correct indeed. None of BitSquare, OpenBazaar or BitShares have been able to overcome the problem of trust. Some tried escrow, some tried multiple centralized gateways. But at the end of the day, to get FIAT on board u need some centralization.