More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdII think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
I think the reason why people dont usually go for centralized exchanges is because they are a being regulated by the government, but decentralized are either a bit regulated or not regulated at all. So people prefer things that are not being regulated by the government, maybe cause they dont want the government to control their and maybe they are avoiding tax or so.
Unfortunately now, even decentralized exchanges are beginning to switch to the hybrid side of things as we are seeing the government suing Etherdelta owner for not going with regulation plans and we see Idex of recent instigating the idea of regulation at all cost.
I would say times are changing, and unless we get to have a decentralized exchange that is not tied to anyone or a decentralized exchange with good features and volume when it comes to liquidity, before we can start thinking of people liking Decentralized exchanges. For now, irrespective of the regulations, centralized exchange still takes the lead.