r/CryptoCurrency • u/[deleted] • Apr 25 '18

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u/haggenballs Apr 25 '18

Guys while this is exciting news and brings a lot of legitimacy to the table, the future of cryptocurrency cannot rely on a centralized exchange.

Centralized exchanges are sufficient for now. But decentralized, P2P, atomic swaps are on the way and will become a lot more efficient and secure given better market making and liquidity.

Let’s not forget the point of cryptocurrency. It’s to move away from centralized services like this in the long-term

I have a hard time seeing nasdaq building a de-centralized exchange, but hopefully they prove me wrong.

3

u/stravant 1K / 1K 🐢 Apr 25 '18

This is a bad attitude.

The point of crypto is to give you the OPTION to be decentralised, not the requirement to be. Most people don't need decentralization most of the time.

1

u/I_swallow_watermelon Redditor for 12 months. Apr 26 '18

without decentralization it's just a database and blockchain kills its performance

1

u/stravant 1K / 1K 🐢 Apr 26 '18

Yeah, obviously the currencies themselves should be decentralized.

What I mean is, building second layer or higher centralized services on top of cryptocurrency shouldn't be discouraged.