Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: BTC Needs A Privacy Layer
by
pooya87
on 25/05/2021, 02:55:15 UTC
⭐ Merited by o_e_l_e_o (2)
We can add as many DEXs as we like, but if people continue to be happy to sacrifice their privacy and security to centralized exchanges then it achieves nothing. We need to move the users, which is a very difficult thing to do.
I agree but the problem is not with lack of DEX it is with lack of good truly decentralized exchanges. What we have right now is either not decentralized at all (despite being called that) or is partially decentralized and using it is a hassle.
So we first need to make them 100% decentralized and then we have to improve the user experience so that they could use it just as easily as they use CEX.

Quote
At the moment, maybe. But at any point, merchants/traders/other users could decide that cashing out "tainted" bitcoin via an exchange is too much of a risk and so they will only accept "clean" bitcoin.
We circled back to the root of the problem which is centralized exchanges are the problem, and also treating bitcoin as not-a-currency otherwise there is nothing more tainted that fiat, specially certain fiats such as US dollar and yet everyone is happy accepting it even though they could get in trouble accepting "dirty money"!