Quote from: cuddaloreappu on June 29, 2017, 09:20:53 AM

Quote from: Absinthe on June 14, 2017, 07:16:25 PM

Centralised exchanges are the weakest link in a decentralised P2P currency world. They are on their way out, within a year or two at most. They only exist because it's the only way you can convert fiat to BTC and back to fiat again.

We saw this with MTGOX in 20013, Bitfinex in 2015, and now Poloniex is stuttering on withdrawals.

With decentralised exchanges like Waves, Counterparty, Bitshares, or even something like ShapeShift - centralised exchanges that have a single point of failure (hacks, DDoS) will be increasing irrelevant unless they become a blockchain / coin of their own like the fore mentioned CCs.

Especially for a country like ours whose demand for crypto is going to wash over like a tsunami in the next few years.

Absinthe

I am sure you are not a newbie, u know more stuff..
Who r u

Just someone who was lucky enough to learn about crypto in July 2013, but not brave enough to go all in until May 2017.

Hahaha.