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DEX are not anonymous anymore

Discussion in 'Exchanges' started by waitingforday, Nov 15, 2018.

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  1. waitingforday

    waitingforday Member

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    The operator of IDEX on Nov. 1:"stating that increased regulatory enforcement and recent statements from a CFTC commissioner had led the company to believe that it could not continue to operate without a robust KYC/AML framework but would attempt to introduce the new measures with “as little friction as possible for users.”Not every project can be successfully launched in the shadows by Satoshi Nakamoto. So, we’ll call a spade a spade and address the semantics that seem to be driving this confusion. IDEX is not a ‘DEX’ in its current state. At this point the best way to describe IDEX is as a ‘non-custodial’ or ‘hybrid-decentralized’ exchange. The operations of a truly censorship resistant DEX would be unstoppable even in the face of pressure from nation states. None of the existing DEXs are censorship resistant — with DNS records that can be hijacked, and GitHub repositories to take down (certain elements of the stack are resistant, such as 0x & EtherDelta smart contracts, but there are non-resistant components that bring liquidity together). This means that at the end of the day, smart contract or not, every project may be subject to pressure from regulators.”

    So this means that soon most of the DEX'es stop being decentralized in the fully meaning of that word?
     
  2. JohnCena

    JohnCena Member

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    Err, I don't think so. If they passed before the regulation, it doesn't meat that all other decentralized exchanges would do the same.
     
  3. FelixFelicis

    FelixFelicis Member

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    KYN : Omae wa mou shinderu
    IDEX : NANI?!
    Btw, sea is full of fish;)
     
  4. waitingforday

    waitingforday Member

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    Actually, nobody think before that any DEX do that. Who will be next? I hope Ethermium.com don't do that, if this happen - i will have no place to trade
     
  5. Leesa

    Leesa New Member

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    ya, Right DEX is the best hi-secure process for currency exchanging service. A professional decentralized exchange software development service providers will ensure a multi-signature escrow system to ensure that all trades are carried out honestly.
     
  6. Smartproxy

    Smartproxy New Member

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    Indeed. But switching over witha ll the fish in the sea (mentioned above) aint that hard. However, pitty 4 sure.
     
  7. takeittothesun

    takeittothesun New Member

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    yup, I believe that it won't be decentralized anymore, cause it loses all the meaning of decentralized platform
     

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