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RE: The truth behind Decentralized Exchanges and the ongoing fight against Mass Surveillance

in #cryptocurrency • 6 years ago

You are right!!
Complete privacy is more of a challenge nowadays with governments poking their noses in each and every place. As you said decentralized exchanges can be really good but at the same time they are difficult to operate!!

As @crypto.piotr said it is useless because technology has always been ruled by politician's and it is difficult to actually achieve complete privacy.

Monero and ZCash I think really have been successful in provide complete anonymity but trust me rulers are looking deep into it. I live in India. The government is consistently ignoring crypto whereas the people of crypto community are petitioning for regulations. Supreme Court is confused and trying to pass a fair and suitable decision. Believe me when I told my friends that I deal in crypto they acted like I am a global criminal. That is how the government has triggered thought in the people. Truth is always hidden.

I think DEX will be good but they can be manipulated as well unless they are build on a completely anonymity maintaining blockchain.
Good choice of topic.

6 years ago in #cryptocurrency by
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     6 years ago 

    Great Comment on this! I definitely agree that trying to stay private online is posing to be quite a challenge these days. It's nice to see new innovations arise due to be privacy concerns like new web browsers, VPN's and Cryptocurrencies. To be honest I've heard a lot about India usually quite negative sentiment surrounding the whole Cryptocurrency regulation ordeal, sad to hear that some Governments have an easier to manipulate the people. Definitely, think that Decentralized Exchanges are the future

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     6 years ago 

    Great comment @n1hal

    Complete privacy is more of a challenge nowadays with governments poking their noses in each and every place.

    Sometimes i feel that the best thing to do is to move to some 3rd world country, with very little resources and just disconnect myself from online world. But to do that one need money. Loads of it lol :)

    ps.
    I noticed that India gov doesnt seem to know what should be their final stand towards crypto.

    Believe me when I told my friends that I deal in crypto they acted like I am a global criminal.

    Seriously?? Is crypto having such a bad reputation in India?

    Cheers, Piotr

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