Last Nail in the Coffin of Centralized Exchange

in #centralized6 years ago (edited)

coffin box.jpg

Hi Steemit community!

About you?
Me, I just can't stand it anymore.

I have personally lost 1/3 of my account with one of those "hack", not talking about Cryptsy.... now this.

I dream of a real decentralized exchange - not an ICO launching platform - a real trading platform.

Please let me know your horror story!
This is my survey;)

Here are my though :


The list of unacceptable situations is getting exhaustive and disconcerts the most informed negotiator.

  • Weekly hacks of increasingly impressive amount

  • A popular exchange closed for 72hrs in a 24/24h active market

  • Identity checks not answered more than 3 months after the request to open an account

  • Automatic withdrawal errors in users bank account that cause them difficult situations

  • The demand for astronomical initial deposit

  • Too much leverage in CFD product or no margin leverage in spot

  • Quotes freezes, erratic price movements that trigger the stop orders to quickly return to the price of entry

Negotiating on these centralized exchanges is putting users in a hostage position.

Bitfinex Letter.jpg

https://cointelegraph.com/news/bitfinex-requires-customer-tax-info-which-it-may-exchange-with-govt-tax-authorities

https://rados.io/list-of-documented-exchange-hacks/

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@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.

https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam

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