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RE: We can easily get rid of all the exchanges now and trade freely between ourselves
Imagine if all the wallets of every coin had one more button - an "Escrow" button, which would be as natural to any wallet as the "Send" button now.
If every single coin can safely swap values between addresses in a trustless system, why don't we use the same mechanism to safely escrow the values in a trustless system to meet the conditions of the swap?