Post
Topic
Board Speculation (Altcoins)
Re: Any DEX to exchange USDT/DAI/USDC/TUSD to BTC?
by
GucciBoy
on 09/06/2020, 05:14:44 UTC
The Binance "DEX" is NOT a DEX... Jesus!!

I HATE people who believe Binance is running a real DEX, when it's NOT a DEX by any means! All the nodes verfiying the transactions on the network is ran and owned by Binance themselves, that's NOT decentralized at all!

Have you taken a look at Blocknet? They offer TONS of pairs.

More info here: https://blockdx.com/

As far as I know, Binance DEX is trustless system. Does the fact that they are verifying the transactions will impact negatively how their DEX works? Can you tell us more about what you mean?

Meanwhile, will have a look at Blockdx and let you know.

HOW can it be "trustless" if Binance can STOP the exchange? If they can STOP your withdrawl? If they can BAN YOUR ASS?

That's not how a TRUSTLESS exchange works buddy. Do some research on this topic, and you'll be surprised.

BINANCE DEX can STOP your withdrawal?  Huh Huh  Grin Grin this exchange.....

Make fun all you want, but with Binance being in control of everything, with the nodes being the single most important thing to keep decentralized on ANY DEX, there is really  no limits as to what they can do with your funds. "Trustles" my ass. Binance is just afraid of the competition, which is why they tried to STEAL Blocknets DEX source code..

Source: https://www.youtube.com/watch?v=JSCAelH_iuk