Re: Cryptocurrency: DEX - Distributed Exchanges

[other.arkitech]

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‐‐‐ Original Message ‐‐‐
On Monday, May 11, 2020 3:41 AM, grarpamp  wrote:

> On 5/10/20, other.arkitech other.arkit...@protonmail.com wrote:
>
> > I am working on prototyping a DEX (both D-Ex and De-X), I agree on the
> > criteria mentioned in this post, thx.
>
> The crypto world will have some questions, if, like USPS,
> those cannot be used over anonymous overlay networks.

This is wrong assumption about UPSP. The fact that you know the IP of the nodes 
does not reveal anything else about the node behind, not who is the source of 
information on any transaction, not the recipient, not the message.
The only think that reveal that there is a node behind exchanging encrypted 
traffic with other nodes.
That's pretty good privacy.


> Coins and DEX that are not privacy and anonymous including
> location, just like cash and metals are, are now facing outspoken
> adoption problems in the crypto community due to that. They are
> recognizing those problems as loss of necessary and useful feature
> set of cash and metals.
>
> Perhaps some of the first currencies they would trade
> away in DEX would be some that have elements of premined
> and or ongoing founder tax. Many have distaste for
> such startup getrich exit, when reset and mine are more
> fair and just as profitably exitable to "investors" who start
> fairly mining a quality coin project at that instant of public
> reset over the decade of emission curve. They maybe trade
> away non privacy ones too. And closed source ones.
>
> Still early days to see. Have fun.

Re: Cryptocurrency: DEX - Distributed Exchanges

[grarpamp]

On 5/10/20, other.arkitech  wrote:
> I am working on prototyping a DEX (both D-Ex and De-X), I agree on the
> criteria mentioned in this post, thx.

The crypto world will have some questions, if, like USPS,
those cannot be used over anonymous overlay networks.
Coins and DEX that are not privacy and anonymous including
location, just like cash and metals are, are now facing outspoken
adoption problems in the crypto community due to that. They are
recognizing those problems as loss of necessary and useful feature
set of cash and metals.

Perhaps some of the first currencies they would trade
away in DEX would be some that have elements of premined
and or ongoing founder tax. Many have distaste for
such startup getrich exit, when reset and mine are more
fair and just as profitably exitable to "investors" who start
fairly mining a quality coin project at that instant of public
reset over the decade of emission curve. They maybe trade
away non privacy ones too. And closed source ones.

Still early days to see. Have fun.

Re: Cryptocurrency: DEX - Distributed Exchanges

[other.arkitech]

I am working on prototyping a DEX (both D-Ex and De-X), I agree on the criteria 
mentioned in this post, thx.


Sent with ProtonMail Secure Email.

‐‐‐ Original Message ‐‐‐
On Monday, May 11, 2020 12:30 AM, grarpamp  wrote:

> > https://en.bitcoinwiki.org/wiki/DEXes
>
> DEX is distributed exchange, think D-Ex.
> Decentralized exchange is not, think De-X.
>
> Visualize, but consider also a DEX execution net more a
> distributed-state-of-swap-tx-db or messaging-like to which trades
> all plug and tx into, not necessarily a p2p routing network per se...
> https://static1.seekingalpha.com/uploads/2018/2/1/389729-15174980652034152.png
>
> Most so called "DEX" today are spamvertised corporate startup lies,
> worthless garbage infested with some things that make them
> not a true DEX...
> a) Centralized or "De-X" not truly distributed in some p2p or chain net sense.
> b) Works only with one particular token family or blockchain network.
> c) Have arbitration, escrow, insurance, brokerage, custody, entry fee'd,
> governed, staked, taxed, trades fiat, keeps a record, has support desk, etc.
>
> Binance style central exchanges running on onions are not DEX.
> OpenBazaar markets are not DEX.
> XMR, ZEC, JoinMarket, CashShuffle, CashFusion are not DEX.
> McAfee DEX (OEM'd @switchdex switch.ag) is not really a true DEX.
> ERC20, SLP, etc families only... must be made cross-chain DEX compatible.
>
> BlockDX is more like a true distributed atomic cross-chain DEX.
> Others coming soon.
>
> A true DEX will be a cross-chain fully distributed non-custodial
> uncensorable exchange protocol, its own atomic execution network,
> blockchain-ish, messaging or transaction advertisement
> meta layer API running over some privacy overlay network in free space.
> Generally requires each participant coin to have set of atomic exchange
> and cryptographic API functions into the DEX such that any market pair
> among the coins can be composed and executed free of counterparty risk.
> ccDEX - emphasizing cross-chain to eliminate all the
> ETH and other token only DEXs from consideration.
> Atomic - emphasizing committal of nominal values in key
> form to the exchange protocol net for proofed agreement,
> execute or return. Both sides either have the privkeys
> and safely swap over the protocol in time, or they don't.
> Some DEX use intermediate mechanisms.
>
> Some early DEX protocol research and operational nets
> are out there, for which further searches will return even
> newer more advanced work...
>
> bitshares etherdelta bisq 0x nvo-safenetwork
> blockdx.co/blocknet.co avalanche tao method language
>
> Standardized DEX protocol API's will emerge and be adopted.
>
> If you can sue it, shoot it, shut it down, get censored, premined,
> gov / founder taxed, kyc'd, deanon'd, lose money to the protocol or humans,
> not be opensource, not be privacy, waste disk space, vote governance
> stake force over free networks etc... then 10+ years past Genesis,
> considering today's available and forthcoming crypto tech,
> it's not a DEX, and it's not a cryptocurrency... it's just central fiat.