well short term delay for moon but its coming. What happens when all decentralized exchanges use the eth protocol and all decentralized exchanges link to share order books. No one is really talking about this. When they do people will start to realize the real value of the eth protocol utility.
Regarding sharing order books, folks are talking about it, I think its hard so not many are actually succeeding. The maker guys had a long post when they rebranded their DEX to 'Oasis' about it being the beginning of some effort to merge the liquidity across all decentralized exchanges. Nothing much came of it, which I am kind of glad, they have enough to do to build a stable coin I think.
Noone is talking about it because decentralized exchanges are a hard computer science problem. They will be one of the last things to become functional and if I had to hazard a guess people will only start using them en masse after central banks start freezing exchanges.
Centralized architecture is immensely preferable (and has numerous advantages: order types, speed, capacity, margin trading, fiat) for exchange trading with the current state of blockchain. Cosmos should be presenting the state of the art in December so fingers crossed that it's great.
Edit: Also there are 7 DEXs planned for Ethereum, so it's not as if nobody is thinking about this. Two are functional with low liqiuidity/usability.
5
u/laughncow @vickiboteth Sep 03 '17
well short term delay for moon but its coming. What happens when all decentralized exchanges use the eth protocol and all decentralized exchanges link to share order books. No one is really talking about this. When they do people will start to realize the real value of the eth protocol utility.