Crypto Tips Unplugged: The Dangers of Centralization

in #bitcoin2 years ago (edited)

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Let's take a look at what's been happening with some of the popular centralized exchanges and how these issues are being addressed with decentralized exchanges.

I also address why this is something you need to take seriously and look further into preparing yourself to use decentralized exchanges.

VIEW VIDEO HERE^^

If you want to learn more about decentralized exchanges, or if you want to familiarize yourself with some DEX options, check out these videos:

Reminder of Centralized exchanges and their shortcomings
Why Decentralized Exchanges are Important
Overview of the new DEXs
Bisq
CryptoBridge
Blocknet
IDEX
0x
Komodo's BarterDEX
What Are ATOMIC SWAPS?

You can also find me here:

Twitter: blockchainchick
Instagram: hheidiann
Youtube: Crypto Tips

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Thanks for the info....:)...

Even decentralized exchanges - when you go from crypto to fiat - must use bank transfer (fiat from buyer to seller). What about fiat-crypto ATMs?

same in Germany - our major exchange (bitcoin.de) hands out kyc data to police WITHOUT Warrant, signature of court

https://netzpolitik.org/2017/bitcoin-de-gibt-nutzerdaten-an-polizei-weiter-auch-ohne-richterlichen-beschluss/

unfortunately there are few alternatives for German native speakers. You gotta be fluent in English. That is actually a sad thing for crypto worldwide adoption. #languagebarrier

wow... and i guess if you find that industrial systemic rape of native german girls is unacceptable your asset get frozen and taken by the state?

i think right now it is more about drug dealing

let see how hard "Hatespeech" (deutsch: Hassrede) is prosecuted in 2018/2019. Tendence: getting harder.

Probably there will be soon tax evasion issues. social welfare for migrants gotta be paid.

did you saw the case of kevin? the guy who threw bacon at a mosk and was executed while in jail in bristol? it's funny, the pakistanis and royals pedo rapists have all free pass, but them....

https://steemit.com/uk/@sweecee/so-you-killed-the-bacon-thrower-in-jail-kevin-crehan-who-from-you-went-to-jail

yeah yeah... will see... one sure thing, those behind the white genocide will pay... one day... be it by their chosen people replacers, or by US...

in both event... they are done. when is the only question.

i heard a 40B euros / year that those guys sucks? while raping...

what I hate the most about the msm, and when I say hate, is I can watch them being turned to hash in a oven in front of me, with a smile, is when they don't care about all those girls raped in germany, uk and co, worst how they cover for the rapists...

happilly with have now the same tools they will use to attempt to censor us, aka AI to scan all their work, and see who are the most domestic enemies...

and if you had asset seizure of the media operative and their financial backers, it makes a big loot, at least worth pursuing....

it's war.

you also decentralize diversifying using several exchanges (regardless they are centralized or not); decentralized exchanges can be scams and existing ones are gaining thrust very slowly since they are of/from no-one and therefore if you do not do KYC you also cannot KnowYourServiceProviderExchange better than centralized ones, they core values and even if they are supporting opposite values to your owns. Baby steps, as in BTC each person/node owns his own truth until the big picture is betters understood and new choices can be done in your own trust/confidence alone.

i used www.deltafork.io few times and i was quite happy vs www.binance.com that felt like high on the fees

Good info... I like how you see it :) And it is true :)
If you do not have your own codes then you do not own your coins 100% , then there's always someone else who owns them.

Creativity!!

hi i also follow you on you tube. Nice to saw on steemit

please vote me i will vote back

Der Markt wird das regeln.

Thanks for posting useful information.

Thank you @heiditravels, very useful post you, I am amazed with you, I am from Indonesia😘

Are you by any chance in Bali? I'll be speaking in Jimbaran on the 23rd!

Interesting... can you link at the event? I live in Ubud.

I am in the provinces of Aceh, Bali and Aceh is very far away. do you have plans to go to Aceh.

Please, share the info about the event...Cheers

You are right centralisation isn't worth relying on

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if You are wise and honest man.
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Are you high?

It's good to see your post. I wish your success. If no one does not benefit others, one does not succeed.Remember this friend to succeed. If you like the cryptocurrency news, then follow @jyotirmay

Great video thanks for sharing! Keep up the good work!

I think people need to understand the disadvantages to centralization and with upcoming new technology how we can remove them for a better system.

So many coins are so totally centralized... they are total authoritarian dictatorship... and few seems aware of the risks.

great post girl !

https://bitcoinexchangeguide.com/pivx-to-launch-zdex/

awesome, grettings from Mexico, follow me

Yes, Decentralized Exchanges are the Future of Crypto Trading & they are coming in mainstream very very fast........
One new addition to this is Switcheo .......works in Neo platform.....All the NEP5 tokens are traded there......worth checking it out

Upvoted!
Our ML team provides the freshest and the most interesting #tradingtips and #tradingsignals which you can use for your profit. Check it!

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I recently began using Bisq and I am impressed with it. Buying cryptocurrency with fiat currency is straightforward and selling for fiat is likely just as easy.

Interestingly another relatively new decentralised cryptocurrency trading option is OpenBazaar:
https://www.openbazaar.org/blog/cryptocurrency-trading-now-available-on-openbazaar/

Probably a fair number of larger companies inside or outside the space will acquire decentralized exchanges (as is happening already). Worth thinking about exactly how you want to qualify or quantify decentralization.

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