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RE: Exchanges: Is The Future Centralized Or Decentralized?
All valid pionts @markkujantunen.
The time of atomic swaps, especially on POW, makes it infeasible.
There is no clear "good" solution right now.
Actually, I realized I was wrong because trustless second-tier layers could enable day traders keep their trades off-chain for a day and move them on-chain at the end of the day. But I don't think the Lightning Network is ready for that, yet.