In 2017, the company was acquired and a new boss moved in. I couldn’t adapt. I was unemployed. In the second month, my original boss called me and asked me if I wanted to speculate some coins, which might lead to freedom of wealth. I thought he was It's not that the company's bankruptcy was stimulated. In the end, I chose to enter this industry. I was very lucky.

The current shortcoming does not mean that this shortcoming will always exist. It needs to be handed over to users enough time, because any new things need time to be accepted by everyone. I am a enthusiast of DEX, because I don't want my funds to be centralized Brutal plunder, and the disadvantage of the one I listed is that it allows everyone to see that the ugliness of the current centralization is exposed to users, such as fake data, unplugging the network cable, injecting water, and several exchanges jointly shorting, this shameless behavior, We need to let everyone know that DEX is the direction we want to move forward, but it does not mean that he has no problems now, but these problems will be solved. In addition, I very much agree with you that BSC is not a DEX and cannot be included in the ranks of decentralization.
There is no decentralized model, but now BSC has tended to benefit, and most people will bow to benefits. But the law is law, and no one can change the law. In other words, products without the spirit of the blockchain will eventually be abandoned by users.

Thank you, I will work hard.

I need to explain here; not all DEXs are completely decentralized, for example, BSC is not completely decentralized.

I tried it on bsc and e t h, but the final operation was unsuccessful. It feels a bit complicated. DOT can solve this problem, isn’t it?

Decentralized exchanges are the only way out. Centralized exchanges are not in line with the spirit of blockchain. Now more and more users understand this truth. Centralization is bound to face death.[/quote] Centralized exchanges equal simplicity and convenience. They are easier to find and far more common than decentralized ones. Even though DEX's are the way to go, there is and will always be many people who will gladly trade possession of their money and anonymity for the sake of convenience and an easier way out.     
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Many people now choose to centralize because it is convenient and fast, but the shady of centralization has gradually been known to users. When DEX gradually matures and function development is more complete, everyone will adapt when they get used to it. Just a few years ago, many people said Bitcoin was a scam, but now there are few such voices. It takes time for a child to grow up and needs to experience setbacks and hardships to achieve a positive result. This is the trend, and this is in line with the spirit of the blockchain. Anything that does not meet the block The products of Chain Spirit will be abandoned by users, it is only a matter of time.

Yes, thank him, I will pay more attention to the content of future posts. Thank you for your guidance.

My goodness! Happiness came too suddenly, I was as happy as a two hundred catties fat man! thank you. I will deeply review my mistakes and correct them, and I will continue to do a little bit for the society! Bitcoin will win!

Decentralized exchanges are the only way out. Centralized exchanges are not in line with the spirit of blockchain. Now more and more users understand this truth. Centralization is bound to face death.

Rank: Scarlett7777
Amount of merit: 5
Profile Link: https://bitcointalk.org/index.php?action=profile

Thank you very much for your suggestions, the manuscript I am talking about is a manuscript written by myself.
I don't know why I always feel that the forum has a kind of discrimination against newcomers. I am indeed a newbie in the forum, but I am not a newbie to Bitcoin. I have been participating in DEX trading since the beginning of DEX. I have experienced it myself, but there may be one or two of them that I saw when I read some materials. I have an impression in my mind. It may be the sentence you drew, but the document you sent me. I haven't seen it before.
In addition, I saw that my own post was said to have been plagiarized, and I was very angry, so I may not be able to control my emotions, and I will say sorry to you.
Is the content I summarized really worthless? Why don't you comment on my value? If I did something wrong, you can criticize it, but is there anything I did well? Shouldn’t you praise me for doing well? Is it because of the mistakes of every word that I deny all my efforts?

I will put out a part of the funds for long-term holding, and also use a part of the funds for contracts or leverage. Long-term holding is because you believe in the market. I still think that long-term holding is the most correct approach, but why should I take some speculation? If I hold the currency for a long time, I will become insensitive to the market. I will start not paying attention to the market, not paying attention to the market, not paying attention to the news, not paying attention to new products. This will make me regress, so I will do a good job of fund allocation, long-term holding can go to some DEFI products for financial management, speculators can exercise their sensitivity to the market, and keep pace with the market.

I don't think you are taking a risk. I should say that you throw stones and ask directions first and try to participate. For example, if the same course is free, most of us will not cherish it. If it is paid, most people will take the course seriously, such as You have not bought Bitcoin. There is a high probability that you will not study Bitcoin seriously. If you buy it, then you may really understand and study Bitcoin. Don’t ask about the income first, I think it will bring you more than just It is gains, thoughts, and a world different from the current world.

Thank you very much. I am really sad to see the words plagiarism appear here. When I started to organize it yesterday, I did it with a very happy mood. It took 4 hours. As a newcomer, I can It is a great honor for me to do something for the community. Before posting this post, I read a lot of articles about DEX and dialed the phone numbers of friends who participated in DEX, so that they could also talk about their feelings. , There may be one or two sentences in the article that are similar to the article on which day. These are the knowledge points I have gained through learning and share with you. I don't think the forum does not have this kind of inclusiveness. A lot of the content published by everyone is I summarized after studying, according to this kind of words, according to this kind of standard, then who dares to speak? Who dares to share? I just tell you what I know, if someone does not evaluate the content, I have to go word by word Compare and where the article is the same, then I am really sad. Very sad.
Originally, after publishing yesterday, I thought that a lot of people would praise me today, but it turned out...
Let me say it again, I didn't plagiarize, I didn't plagiarize, have you ever seen that the sentences copied by others are not smooth? I really want to show you my manuscript.

• Advantages of centralized exchanges:

1. Fast transaction matching speed
2. The page operation process is mature and the user operation is simple.
3. Assets between different chains can interact freely.
4. There are contracts and leveraged markets with high multiples and diversification.
5. OTC is convenient and quick to access funds.
6. The transaction fee is cheap.

• Disadvantages of centralized exchanges:

1. Exchanges use data to control prices. They can use water injection (additional issuance out of thin air) to manipulate the market in the background, and they can also use users' assets to smash the market. If it catches up with a few leading exchanges to work together, it will be enough to fully control the market and harvest retail investors. Imagine that retail investors use their own real money to buy and sell, and exchanges can use their own advantage of controlling the platform and use data to manipulate the market.
2. KYC certification is required, and there is a risk of personal information being leaked.
3. All the actions of traders are monitored by cex, especially the futures trading is fully monitored. They watch the data in the background to manipulate the futures market. If users are short, they will buy crazy, drive up the price, and blow up the short. trader. If there are too many long traders, they will sell like crazy until the long traders close their positions.
4. When the market fluctuates greatly, the exchange often forcibly stops the operation of the system, resulting in the inability of contract and leverage users to increase their margins in time, let alone liquidate their positions, causing heavy losses for users.
5. The new currency is online, and the exchange buys low and sells high. Before the new currency is launched, the exchange has already obtained low-priced chips. After the new currency is launched, the price is deliberately increased, and the chips are sold to retail investors at high prices, and retail investors can take orders.
6. Affected by government policies, the central team has problems, and all the money in the transaction may run away.
7. Hacking attacks, for example, on March 7, 2018, a cryptocurrency exchange suffered a hacking attack. Although they did not lose coins, the hackers also used the mechanism to cash out shorts, and many investors suffered heavy losses.

• DEX advantages:
• 1. The exchange does not control your assets. Unlike centralized exchanges, DEX does not control users' funds. On the contrary, funds are usually stored in a decentralized manner by the user or the transaction software itself. , The risk of loss is much lower.
  2. To use DEX, you only need to link the wallet. It prevents KYC personal information from being leaked or sold by exchanges.
  3. In the past 10 years, there have been more than 30 incidents of theft of centralized exchanges. Because DEX exists in the computer network, attacks have become more difficult. There is no single point of entry or single point of failure, making DEX security exponentially improved.
  4. DEX is mainly for matching transactions and does not custody users' assets, which prevents centralized exchanges from misappropriating users' funds. I remember that this year, an exchange took the user's SUSHI to mortgage mining.
  5. Realized through smart contracts, placing asset custody, matching transactions, and asset clearing on the blockchain. Users can check all their transaction traces. In many cases, centralized exchanges can only query their own transaction records for half a year. The exchange can also erase user transaction records at will.
  6. The use of smart contracts to achieve a decentralized and trustless transaction mechanism solves the risks of internal operation risks, business ethics risks, asset embezzlement and other risks that seriously affect user asset security caused by human factors in centralized exchanges.
• DEX disadvantages:

1. The transaction records are all on the blockchain, which is affected by the confirmation speed of the blockchain itself. The speed is slower and the user experience is not very good.
2. At this stage, the trading depth is not enough and the slippage is high.
3. Cross-chain transactions cannot be made between different chains.
4. OTC deposit and withdrawal are not possible.
5. Transaction fees are slightly higher, (Ethereum L2 can solve the problem of high fees)

• The above is the analysis of the advantages and disadvantages of DEX and CEX that I have compiled in a morning. I hope that more friends can be helped, and I hope that more friends can add new ideas, and hope that we can have more people to join. In the construction of DEX, we should trade in a fairer environment.

I don't quite understand ， Why is uni Sushi not a completely decentralized exchange?
What do you mean by the project itself? I think where to trade is very important. Centralized exchanges can use their own means to issue additional usdt. They don’t need to use real money on the exchange, but they enter a number at will. This is called water injection, or the despicable use of users’ bitcoins to manipulate the market. In the eyes of centralized exchanges, traders are transparent. Looking at the data harvesting users in the background, many times our money is taken away by the exchange. This is why many big people who hold Bitcoin for a long time We call on users to mention wallets, and stop giving centralized transactions all the chance to do evil. They colluded with the media to commit evil together. These are already public facts. Why do I desire DEX to grow? It is because only on a decentralized platform that all transactions must be open and real money transactions. Even if you want to manipulate the market, you must use real money instead of randomly issuing a number.

I really understand your feelings very well. I also survived this way. During that period of time, I was tortured every day. I lost 8 pounds a week. I didn’t want to eat or sleep. I didn’t have any interest in anything. It felt more frustrated than being broken in love. ,, staring at the plate, tossing and turning, waiting for dawn with eyes open, watching the sun rise, but my world is dark, without a trace of light, my heart is like being cut inch by inch by an unsharp knife, too tormented After that, I summarized some of the reasons and improved my ability to withstand stress in such a catastrophe. Although I have not yet recovered, I am confident that I can do it next, because I have not been knocked down, and all those who can’t kill me, Will make me stronger. You also have to have confidence and stand up again. Together we will. Stand up again.

I agree with your point of view. Selling at this time is undoubtedly a very bad choice. It can be seen why the spot market has not been effectively supported because a large number of negative premium GBTC has diverted the funds that have entered the market. Fortunately, the biggest unlock of GBTC has been completed on the 18th and 20th. There are still a few not too big pens left in July. After that, there is almost no amount. After digesting the discounted goods, the appetite of institutions should turn to spot goods. In the long run, more and more institutions will enter the market. Bullish! do not move.

Some advice for newbies: I always think that there are only two currencies in this market, one is Bitcoin and the other is altcoins (other currencies). When I first started participating
I only bought Bitcoin. I think it is very difficult to make money on the counterfeit if Bitcoin is not good enough. If you want to ask me how long I can try other currencies after learning Bitcoin? I don't think it depends on the time, but on the progress of your study, whether you have established a high-level and in-depth industry awareness. Let me speculate that it will take 2-3 years for those with fair talents, and 5-8 years for those with ordinary talents.
I
Study and experience the fund base; the knowledge base; the mentality base.