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RE: The need for decentralized exchanges

in #security • 7 years ago

Hey @acidyo your fears about centralized exchanges actually resonate with me. I have been on a warning spree telling people to stay away from bittrex and poloniew and their likes as much as possible. With new platforms like Changelly, and Bitshares in particular.

I believe this can't be stressed enough as we are getting to a point where many of the currencies are seeing sky high profits which is usually when things start going "down".

Exactly.

Mt. GOX of 2014 should be a lesson to us all....

Thanks for sharing!

7 years ago in #security by
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     7 years ago 

    Thank you for your warnings @nairadaddy.

    I am a holder of BTS for the exact reason you mention. I think there is going to be a time when the centralized exchanges are simply to dangerous to do business with. Either government closure/seizure, theft, or fraud....none bode well for those who put money in there and keep their tokens there.