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Yes the gateways would vountarily form a federation. Non-Aggression Principle.

Emphasizing personal preference and responsibility in the gateway would be sufficient for a true decentralized exchange. The only way I can see this working is if a ton of money is spent verifying security and/or insuring storage for this "easy-mode" pairing. But I guess the BTS commitee and workers have a metric ton of money to work with. lol

Agreed that the committee may not be well-positioned to handle this. There could be an opportunity for a private firm to serve as a BTC wholesale of sorts on the DEX.

I see what you mean, that would require a HELL of a lot of faith in the ecosystem itself. The stability and security of the "dpos" "voting block" can be a blessing, but it could also shove a knife in the back of the beast. You know what i mean?

I do. I trust the market and the dex is just that.