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by p2p_astroturf 1664 days ago
Uh no, this is (one reason) why you want to use a (well written) decentralized exchange.

>is like giving people ACH access

I use ACH, I know nothing about it, and I'm sure I can lose all my money from using it wrong, as banks love systems that are impossible to operate securely. I don't have this problem with bitcoin, and never will.

As for the tech side, you know nothing. The bugs are simply because of the demographics behind decentralized tech:

- Before snowden: script kiddies, slightly educated hobbyists

- After snowden: all kinds of idiots

> Crypto Anarchy is a farce

Your post is a farce. Wanting basic control over your own money (and removing horrible bank insecurity and UX as a side effect) is not anarchy or anything remotely resembling it. Your post only sounds reasonable from the perspective of $current_world which is basically hyperstatist, people are literally afraid to have sex and cross the street without government approval.

1 comments

What are some examples of well-written decentralized exchanges?
Uniswap (v2) has simple contracts, has been audited multiple times, holds billions of USD and it has not faced any kind of systemic attack. The only issue that I can think of is that pools with low liquidity can suffer from front-running.

Even the fees are not a "problem", if you consider that there are already roll ups (loopring, zkswap) that run pretty much the same version of those contracts and cost fractions of a penny.

Curious to hear more about this as well. How is Uniswap?
Uniswap, pancakeswap, 1inch, apeswap, sushiswap, traderjoes, Crono, quickswap, paraswap and those are just off the top of my head.

All of these projects have hundreds of million to billions in tvl and have been running fine for years.

Dexes are the backbone of the defi community and share very little in common with centralized exchanges.

> All of these projects have hundreds of million to billions in tvl and have been running fine for years.

Oh if only you knew.