Quote from: 1Referee on November 09, 2018, 08:14:19 PM

Quote from: buwaytress on November 09, 2018, 06:50:11 PM

And that's why people shouldn't be throwing around the phrase "decentralised" as they please. The fact that the exchange had a founder, who ran, managed, and operated it, should immediately have made the use of DEX terminology erroneous. The only good thing I suppose was that funds were never centralised but imagine what else he shared with prosecutors (the story claims his fines were actually reduced because he cooperated)? IP addresses? Emails (I don't know if ED uses it)?

Course they had a case. And made it well.

And yet people keep hyping up Binance's attempt to have a "truly" DEX operational in the near future, lol. I wouldn't even be surprised if Binance ends up using people's funds to artificially keep their market liquid. It's an attack factor people will easily take for granted if they are being paid out tokens or whatever for their contributions.

Once more a hint towards how we with LN don't need anything other than our clients to exchange funds from chain to chain without the need of a DEX. We will be our own DEX.

Bitcoin's LN adoption will surely motivate other coins to follow one way or another, and eventually you'll have a wide variety of coins that people can exchange. It will take time, but we have that, and plenty of it.

Wow! Nice one boss...am looking forward to that future!
Thanks for your contributions!