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by wcoenen
4159 days ago
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Decentralized exchanges are problematic when you are exchanging with traditional currencies. The traditional currencies have to sit in some bank account, so either you trust some third party to hold it for the traders during the transactions (e.g. escrow or a centralized exchange) or you introduce counter party risk. Bitshares is a decentralized ledger for equity. Nubits is a system that attempts to stabilize the price at 1 nubit = 1 USD. Neither solves this problem of having to trust someone when you exchange for traditional currencies. |
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