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Quote from: Jawhead999 on May 08, 2024, 03:19:26 PM

I believe you're talking about swaps, swaps isn't DEX.

please elaborate, i'm curious

Swap is a function, a feature. A DEx is a service, a platform. A swap isn't a function or feature that is exclusively provided by decentralized services or exchanges. You can do swaps even on centralized exchanges. You can also do swaps on services falsely claiming or marketed to be decentralized.

I guess this is the more important point to consider. Just because it is a swap platform doesn't automatically mean it is already a decentralized exchange. And just because it promotes itself as a decentralized exchange doesn't necessarily mean it is truly decentralized. A mere label doesn't mean anything.

i'm even more confused. what is it in the op that makes you say he's not talking about dexes? please explain to me the relation between governance, token incentives and the act of swapping tokens?
and BISQ is the only DEX you know of? wtf?
i don't know, pancakeswap, uniswap, sushiswap and all exchanges found on chain are dexes. that's the idea of a dex my friend.

this place is a joke, you guys use words you don't understand and the worst part is you say things with such confidence that others trust you. ffs how did you get to be legendary with such stupid takes?

p.s: your defihition of swap and dex are correct though. the swap is the feature and the dex is the p2p place where you do the swap... but again what does that have to do with the op?

Apparently, I'm responding to you, not the OP.

I'm not a technical expert, but I'm pretty sure that "all exchanges found on chain are dexes" is a very poor oversimplification. That's a very wrong idea of a DEx, my friend.

In the first place, those swap platforms that you're talking about may even be built on a centralized blockchain. That alone is enough to question their decentralized label. Not to mention that these so-called decentralized services have single points of failure resulting to successful hacks. Bitcoin hasn't been hacked simply because there isn't a single point of failure, because it's truly decentralized.

Moreover, how much power does Uniswap Labs have, for example, or the Sushi team? How is it possible that a governing body of a so-called decentralized service ask hack victims to send tickets to a supposed decentralized exchange's official social media account?

you're right you're not a technical expert lmao.
seriously bro, stop. you're just posting nonsense at this point.

a dex built on a centralized chain (i don't wanna know what your definition of that is) is still a dex lol.
points of failure? what the f... does that have to do with them being dexes?
as for the last part of your post, sorry but maybe you swapped ( Grin

) words in there in order to look smart but that's a huge fail. i didn't understand any of it, sorry.

go tell maki that sushi is not a dex, go tell hayden that uni is not a dex... rofl. omg, this is hilarious. i'm sure you don't even know who those guys are. google them now.

Can't mods delete posts like these seriously? i understand everyone here is trying to increase their post count and they will post any kind of nonsense to do that but come on, mods should know better. this is a terrible look for this place.