Quote from: bamsterdam on July 31, 2017, 12:25:47 AM

Quote from: El marinero on July 30, 2017, 05:54:31 PM

Quote from: bamsterdam on July 30, 2017, 12:22:25 PM

Read the op and some posts about that this a answer to what happend to btce(also fictom here) but I have trouble to understand why this is a better solution then a decentralised exchange like blocknet or waves? You have this e recedency so if something happens to the exchange you will be able to proof the funds are yours? Is this still a centralised exchange? If so how would it be better regarding safety and goverment pressure then a decentralsed exchange?

I see this e residency solution as a way out of so much fucking scam on crypto right now, don't you think?

maybe I just still dont get it enough. The e resedeny solution can be handy when a exchange is down like btce? What exactly is the benefit of having this e residency? Maybe with SEC new security laws e residency can become usefull when ico wants to launch on the exchange?

But is still is a centralized exchange that could be hacked or attacked? So I dont see how the e recidency is a better solution than an decentralized exchange that could never be hacked since their is no singe point of failure. Maybe/probably missing something good here ??

From what i've understood about the project so far, it will be a centralized exchange which offer e-Residency in Estonia (which isn't required to trade on the exchange but which is to run a business on the platform). This way, it will offer a legal framework for all the businesses running on the platform as they will be linked to the e-Residency (which is itself linked to your personal identity). This way it should prevent all the scams project we are used to see nowadays because e-Residency will able governments from all over the world to take legal actions against fraudsters and scammers. I think that's a good bet on the future because in few years, more and more countries will set up a clear legal framework about cryptocurrencies in general and if exchanges and cryptos don't respect the specific laws of a country in the matter they will be forbidden in this country for all the citizens. I believe USA is the most restrictive country about cryptocurrencies up to know and I wouldn't be surprised to see countries such as EU countries, Russia, China, ect... following this path. We will have to adapt cryptocurrencies to match the standards of the real world somehow, governments and banks won't let us the choice. The question is how to do so without sacrifying what cryptocurrencies are all about (cf. decentralization, money's ownership and so on) ? I think Mothership is a part of the answer to that. Correct me if I'm wrong.

@Bamsterdam And to answer to you about the centralized subject. Yes a centralized exchange can always be attacked or hacked but you can't have all the advantages of something without some disadvantages. Just don't leave your coins on exchanges for long periods and you are good to go, I don't see much problem on that. Wink