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RE: How I Made $2000 in 1 hr: Trading STEEM while it's falling
That's true, it's quite risky and very dependant on those exchanges not f**ing things up. Openledger is supposed to be a decentralised exchange, I wonder why they switched it off then.
In my opinion the real reason was to stop arbitrage - do not have much of the track record with them, but the problem is that while "exchange" is decentralized, the gateway is not and at any moment somebody can just pull the plug. So "decentralization" is still controlled in arbitrary manner and may be abused at any time to generate an advantage to the one controlling it.
Ahh... the official reason provided at that time was "technical" just strangely enough this "technical" difficulties appeared at certain very convenient (or inconvenient for some) time 😉
This does make sense, Poloniex has also recently also disabled bitshare, STEEM and SBD with the same excuse "network problems".
I guess they are afraid of losing some volume from arbitrage.
Thanks for the insight regarding DEX