i'm starting to like the distinction between "non-custodial" and "decentralized". fully decentralized trading is a long ways off. every DEX today depends on various forms of centralized administration. 
i suppose they do have IP address logs, don't they? but weren't users pushing trade transactions to public ethereum nodes anyway? no emails or other account details on etherdelta.
i suppose they do have IP address logs, don't they? but weren't users pushing trade transactions to public ethereum nodes anyway? no emails or other account details on etherdelta.
Yes! Non-custodial is accurate for majority of "DEX". We got to wean off these terms. Took time to wean off "revolutionary" but I think we'll get there with "decentralised" - they have their places but they can be very misleading these days. Fully decentralised is a long way off, definitely agree, and may never be in fact what's desired even if possible. I do feel that we're closer than we think though, with atomic swapping, off-chain channels and 2nd layer stuff, if they can all inter-operate and every architecture is made open source and public domain, we can be close enough.
I think Bisq is great, but it's never going to overtake traditional exchanges. It's strictly P2P -- no automatic orders, no order books. It's really inefficient for price discovery. It's basically a distributed LocalBitcoins.
What we need are decentralized websites, file storage and communications protocols for everything currently run on local servers. I wonder how feasible that is...
What we need are decentralized websites, file storage and communications protocols for everything currently run on local servers. I wonder how feasible that is...
Can't say I've ever been on a website that claimed to have every aspect beyond centralisation. Are there sites built on Maidsafe and that type of thing yet?
If Bisq is as good as it gets, it's still better than anything that came before but its numbers show most people can't resist that whiff of centralisation.
Yeah, Bisq is as good as it gets (in their own slightly words, doesn't get more decentralised than that, to again use the term!) and that's how I like doing my trades, strictly P2P. The hassle is still a pain point, and that's the hurdle most people (myself included) will spend the most time getting over. Bisq has been seeing growing volumes these past months though, especially BTC/XMR... most early users were probably forced there as their options dwindled on traditional exchanges. But it's picking up for sure.
There was a DEX project last year initially built on Maidsafe, then later abandoned and apparently moving in 2 different directions. I believe it was called NVO (there's a whole backstory to that). Think they (developers) eventually accepted that it was too technically complex for their abilities.