Quote from: o48o on Today at 05:20:51 AM

Quote from: AmoreJaz on November 22, 2022, 10:27:58 PM

well, you have a good point on this matter. it depends on the person who is holding the funds. not many people are trusting their capability of holding their keys, this is why some people still store their funds in CEXs. but for those regular crypto users/traders, we need to remind ourselves not to store funds in CEXs for long time. better secure it in our own wallets.

Neither we should trust DEX smart contracts to store them for too long time. As at least when we trust CEXes, they get sued after messing up, You can't sue a faulty hacked smart contract. And what comes to praising decentralization in general, it almost always has centralized elements. Like wrapped btc that just got depegged supposedly because of Almada Research minted it a lot.

Please realize that there is atomicdex, that does not operate with SCs, but on plain UTXO blockchains, and hence does not have any SC risk.