Post
Topic
Board Announcements (Altcoins)
Re: Summary of the second DMD Diamond Foundation's meeting
by
popshot
on 19/03/2018, 10:26:52 UTC
Nowadays, centralised exchanges are a norm, they are fast and some of them attract significant number of traders, however, there are many disadvantages to this model. They are not permissionless, they are prone to failure i.e. hacking and ever tighter legislation can in some cases create unnecessary barriers. Centralised exchanges are going to play an important role for foreseeable future and be main on and off ramps to FIAT. However, blockchain community as a whole is eventually going to move to a decentralised model of exchanging value. DMD Diamond will continue to develop technology, promote and work with projects that can offer such possibilities. Even though, this type of technology has still some way to go before it is ready for prime time, when it arrives it will change the crypto landscape in a significant way. DMD is currently working on integration with https://crypto-bridge.org/ and we hope to be featured there in the near future.

I don't agree too much with the statement i put in bold, have you watched bitshare/openledger decentralized exchange ? I'm using it by some months and i don't think that is a non mature product....

Cheers

Maybe I wasn't clear enough but I was speaking more broadly about possibilities of exchanging value, bitshares/openledger is not the only one that will provide such function, namely Lightning, Internet of Coins, atomic swaps, etc .. there are many approaches to this .. they need time to mature. I wouldn't say that all we have right now is the end product (and the only way of achieving this) that is easy and ready to use by any project.

I would give it about a year before we see multiple ways of exchanging coins that is end user ready (more than alpha versions).