Quote from: siruiiuris on July 22, 2019, 02:48:41 PM

So I want to ask another question. If there is a decentralized exchange: user friendly and easy to use. How can it prove that is it really decentralized? How can you say that 'okay this is really decentralized and I am secure here.'?

Are you blockchain developer? If not, how can believe a person to this?

As I said previously, DEX's are fairly new in crypto and are still a buzzword for investors. Idex is potentially a decentralized exchange, but it also has centralized elements which make it something classified as a hybrid exchange. A purely decentralized exchange would need to be open source so any developer will be able to verify the code, and the exchange would have to never be involved with user funds - the exchange would only be a platform for 2 users to find each other, and the 2 users will send transactions to each other, with no middleman. Unfortunately, this idea of decentralized is still very new and I am still yet to find a fully decentralized option that is reputable and useable.

Quote from: Slow death on July 26, 2019, 08:13:44 PM

I believe the biggest problem is the lack of honesty and greed of the owners of the exchanges.

let's take an example of yobit and let's go back in time:

January 05, 2015, 05:13:19 PM

YoBit.Net - CRYPTOCURRENCY EXCHANGE & MultiCoin DICE - Free Coins every 1-24 hrs

see that @YoBit was very active in the forum, do you know why he was very active in the forum? because he probably didn't have many clients and nobody knew about yobit. But when many people started using yobit, he began to see that he was making money, he became arrogant and a big greedy dishonest and scammer. As I said: The biggest problem is the owners of the exchanges who are dishonest and greedy. Honestly, these exchanges are not reliable... I like binance, but I wouldn't trust much money in these exchanges

A prime example of how garbage an exchange can be. Centralization of exchanges allows ventures like Yobit to flourish, where the majority of their profits are from confiscation of user funds and running scam/fake IEOS for themselves. I agree with you, Binance and other exchanges are far from this, but that sets one of the worst examples of a centralized exchange.