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RE: Bitcoin Isn't A Great Financial Tool....YET! 3 Developments I'm bullish about!

in #steemleo5 years ago

That is also a worry of mine is that exchanges are sitting with too much BTC and we’re still in this mindset that BTC needs to be cashed out to get real world value

We need to work towards having more DEX and P2P trades so we can put, keep and exchange these assets between wallets and not through third parties

I see exchanges as a necessary evil for now, but in future I hopes we do look at ways to migrate away from it

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And it's not so that only the exchange is able to steal you, the government of the country of the exchange as well.

Never heard of DEX, does that mean decentralized? Will look it up later. Yepp, and I think soon this P2P needs to work over Tor because the will be also criminalized.

Think it will come soon.

Yes a DEX is a decentralised exchange. It allows for P2P trades and allows you to keep your keys too. I agree that P2P should be used over Tor in some cases but if you're in a network like STEEM we could do P2P too with your account and a VPN @swapsteem has P2P option

cool, thank you for the link :)

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