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RE: The truth behind Decentralized Exchanges and the ongoing fight against Mass Surveillance

in #cryptocurrency6 years ago

Dear @crypto.hype,

I agree with all the thoughts that you have drafted in this article. We may be under the radar of Governments and the officials in the governments might be tracking heavy transactions even if we use privacy and DEX's.

But why are we trying to adopt the new technologies. Are we trying to run away from the radar? I guess definitely not. If we trying to run away from the radar then we should go to Mars or Jupiter or even to big star like SUN. Definetly not possible atleast I suppose. We are trying to adapt new technologies to ease some of our pains that we are facing.

Why do somebody want to come out of the radar?
May be they might want to earn some extra bucks!!!

I definitely feel that after the regulations we can see drastic reductions in new ICO's that throws out false promises which inturn will help the investors safeguard their money.

Apart from above points which I have mentioned I wanna outline one more point. Why the blockchain technology has gain traction among the current young generation? It is because of transparency it has gained traction. What happens when you transfer funds using bitcoin. The entire world will know by watching ledger. Entire world means it is inclusive of governments. But who owns that address. How do somebody know? Who has that private keys? How do somebody know? Lets assume I own some private keys initially. If I sell those private keys to some Mr.X, will he be able to buy that one. Definitely not right. Because it is vulnerable. Instead he create one more wallet address and he will ask to transfer funds on the blockchain. It will avoid risk of vulnerability.

My point here is don't try to run out of the view from your Government instead work under the supervision and find out a way which might be beneficial for the individual.

Another one, why do we have to promote Decentralized Exchange? End of the day it is an exchange. Instead buy your own wallet and safeguard your assets. Exchange is just a facilitator which is helping you in conversions.

Double edged sword will cut your finger at the end point. Handle it properly. It will get you to victory else it will kill you.

This article has certainly raised some points but it is confined to limited area. The theme of this article is vast. So I tried to cut it as short as possible. It is an open end article which will allow you deep dive in an ocean. So my reply wont be sufficient.

Thanks to @crypto.piotr for promoting this article to me.

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