Cryptocurrencies need decentralized exchanges like the dark ages needed vaccines.
Every person in the crypto community will be uncomfortably familiar with ongoing exchange theft, attack, and fraud.
One in sixteen Bitcoins have been stolen.
As Poloniex demonstrated recently, centralised servers are vulnerable to DDOS attacks, or occasionally just cannot cope with demands on their systems.
Mt. Gox, Bter, Mintpal, Cryptsy, Bitfinex, and an alarmingly long list of other exchanges have significantly damaged confidence in cryptocurrency, diminished exchange liquidity across the board, and lost millions of dollars of customers funds.
Decentrlaised exchanges cant come soon enough! With an already working DX and a hard fork in a few weeks, this is the future.
Posting this for those that are interested. It could NOT be more timely!
https://bitcointalk.org/index.php?topic=1906507.0;all