Quote from: pugman on July 03, 2019, 11:53:38 PM

All I ASK FOR IS: I want an exchange which is decentralized, operates worldwide, no user login, relatively better customer support, which kinda works like shapeshift, no verification/kyc, has all of the mainstream cryptos listed, an option to buy crypto with fiat and same for selling(and not like buying bitcoin and exchanging them, no, buying any crypto with fiat), incorporated into many websites and wallets like in Ledger Live, offering anonymity by using Tor/vpn, not blocking user's funds, having good how to guides and FAQs, and a live chat for issues .

Find me that exchange, I DARE YOU! Listen up, you business fellas, a golden opportunity for you guys, make me the dream exchange, and the crowd will follow.

i think the bolded parts are contradictory. shapeshift provides liquidity by market marking multiple altcoin exchanges. this requires centralization and trust. with a completely decentralized order book (and this technically can't be done yet in a trustless way), you won't have such clean access to liquidity. what you see is what you get.

fiat is also problematic because transacting with it at all requires trust---bank and e-wallet transfers can be reversed, accounts frozen. and the very idea of "customer support" for a DEX seems like a conflict.

in order for a DEX to be truly decentralized---and therefore safe from government pressure, meaning seizures and blocked funds aren't possible---we can't have these centralized conveniences. it needs to be 100% built on smart contracts, distributed p2p servers for decentralized order books, decentralized domain. there can't be a centralized point of failure.

we are still several years away (at least) from this sort of breakthrough IMO. i really don't know what will happen re governments in the meantime.