Bitcoin Q&A: Decentralised exchanges and counterparty risk

I think the only good thing about Zuckcoin is that it will make easier to do decentralized exchanges. Your thoughts, Andreas?

keep making those vids!! really clear and straight foward on every subject!

Spanish subtitles are ready! let´s spread the word!

You forgot to mention Bisq ! It's open source and allows very decentralised exchanges. I took a bit of your example, and try to spread the knowledge, acceptance and education around bitcoin and cryptocurrencies in general. This has been the best tool I found to allow people to simply exchange: https://bisq.network

BarterDex / Komodo :3 ?

Ist there a difference between Lighting Network and Cross-Chain Atomic Swap or they're the same?!?

Ok so what are the decentralized exchanges we should be using?

What about bitconnect, please?

2:23 Andreas' new take

This is why Bitshares that offers BitUSD BitEUR BitCYN is so awesome..they are backed by 1.75-2.00 times collateral so it's much better than Tether….plus every time i turn around there is a new payment remittance or logistics company moving over to the Bitshares graphene blockchain because of their cheap fees and speed….my prediction is that we will possibly see some exchanges whether decentralized or centralized start offering Bit asset pairs …game over

Ahem, Komodo. Decentralized Atomic Swap Exchange with over 30k swaps already executed.

Beautiful user interface.

I'm just going to watch all Andreas all the time.

Nice shirt there, Andreas.

Im hoping Waves will be a big player in the decentralise exchange market.

thank you for all your work, i have been on these because of you, for 3 years now, funny how sometimes you can consider a friend somebody you dont even know

dont forget to buy your airswap

Perth Mint is working on Gold Crypto

This is too true to be funny .

The next time you hear a politician use the
Word 'billion' in a casual manner, think about whether you want the 'politicians' spending
YOUR tax money .

A billion is a difficult number to comprehend,
But one advertising agency did a good job of putting that figure into some perspective in one of its releases.

A.
A billion seconds ago it was 1959.

B.
A billion minutes ago Jesus was alive .

C.
A billion hours ago our ancestors were
living in the Stone Age.

D.
A billion days ago no-one walked on the earth on two feet.

E.
A billion dollars ago was only
8 hours and 20 minutes,
at the rate our government
is spending it.

While this thought is still fresh in our brain…
let's take a look at New Orleans ..
It's amazing what you can learn with some simple division.

Louisiana Senator,
Mary Landrieu (D)
was asking Congress for
250 BILLION DOLLARS
To rebuild New Orleans. Interesting number…
What does it actually mean?

A.
Well .. If you are one of the 484,674 residents of New Orleans
(every man, woman and child)
You each get $516,528

B.
Or… If you have one of the 188,251 homes in
New Orleans, your home gets $1,329,787.

C.
Or.. If you are a family of four…
Your family gets $2,066,012.

Washington, D.C.
HELLO!
Are all your calculators broken??

Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax (Fed)
Federal Unemployment Tax (FU TA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge Taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
(And to think, we left British Rule to avoid so many taxes)

STILL THINK THIS IS ACTUALLY FUNNY?

Not one of these latest taxes existed 100 years ago…
And OUR GREAT NATION_AMERICA WAS ONCE A CONSTITUTIONAL REPUBLIC and the most prosperous in the entire World.

We had absolutely no alleged National Debt Obligations.
We had the largest middle class in the world.
And our Mom stayed home to raise the kids.

What happened?

Can you spell " Puppet Masters , The Establishment, The Cabal, The New World Order "

And I still have to
Press '1'
For English.

I hope this goes around the
U S A

At least 100 times

What the heck has happened to Our Great Country, and Why ?

Haha from the title I thought you were talking about risk surrounding the Counterparty DEX and got a bit worried about my holdings there. First I've seen of your videos and I'm already a fan.

Some kind of irony here, though. Yes it's the centralization flaw that allows money to be stolen or hacked, yes, but it's the decentralization flaw that allows robbers to get away with the money and not be traced. At best what happened to the money can be traced for a moment, but never who's behind it.

Which is the biggest problem with crypto IMHO. It offers no protection. And it can't, because for that you need people, people to speak to, who are gonna judge the case, and help. Sure, a bank can crash and all the money disappear (if it's not helped by the government), but the bank also protects you a lot.

So I believe that people, the general mass, who aren't criminals or fraudsters, want to have their name on their money, they want protection.
Which doesn't mean I don't believe in crypto, but I believe that in the end, people will never use crypto as a direct method of payment, only as a storage of value. People will keep using Paypal or whatever is similar, those centralized services will feed from people's crypto accounts in many currencies, transparently, most likely doing convertions all the time. And yes, at a fee. But I'm pretty sure that the vast majority of people want to pay that fee (well, generally it's the seller who does & it's transparent to the buyer anyway) in order to be protected. Especially when buying online. Protection from sellers, or from their own mistakes, like mistyping an address or an amount. You just can't use crypto for this directly, you need a driver anyway. Sure, the lightning network could be a driver, an abstract layer to multiple currencies, but it'd really need to offer full protection & judgement to meet people's need, IMHO.
Not counting that it won't make sense at all for many many years, at least for europe & the US, to adopt any crypto as currency, with such volatility. If it has been done so far it's only as publicity stunts.
This said, maybe people want both. It's a little a national sport in every european country (& I'd bet Greece is the worst) not to declare every profit. While it's crime that brought Bitcoin into the light, it may be just the general black economy that will keep crypto used. What is the value of an untaxed USD, and are people ready to give away their protection to avoid taxes, I don't know. Probably on some part of their income, yes.

About Tether, I've read a lot about it, it's a lot of conspiracy theorists claiming that it is "printed out of thin air", which would mean that no real USD went to exchanges during the last few months, or nowhere near the 2 billions printed, which I wouldn't believe.
So if Tether isn't backed by real USD, it means the money was stolen (or lost in some way), but you don't need Tether for that. Any exchange can lose the money, it doesn't need a money token for that. Plus whether an exchange lists USD or USDT, it's still a token, a token to "real" money in a bank, bank that doesn't have to be fully solvent on top of it. So whether it's a token to a token, or a token to a token to another token, same risk of losing it all IMHO. I believe it's the fact that Tethers have been printed in batches (there's probably a technical reason for that) that fueled conspiracy theories.

https://www.ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/

Hi Andreas, Considering that current blockchain technology companies ( like Bitcoin, ethereum, ripple) can be analogized to any open source softwares like ANgular JS, ReactJS, Vue Js or perhaps even to technoogies like python, ruby etc how would you consider the valuation of these stock ? I mean Dennis RIchard never made any money writing the C programming language if you know what I mean

Recently I waited watching the price of btc go straight down. Everyone was screaming the sky is falling, sell, sell! When btc went right under $6.000 I bought. There may be more opportunities to get into btc with lower prices as btc will drop again as it always does but I was comfortable with it. I went to the btc obituaries page you talk about and what a good read. Thank you for your time and knowledge. 🙂

might be that time again for another fundraiser for you!

The NEX exchange on NEO basis is what I'am looking forward! Very ambitious – it is time for DEX exchanges like that. Thanks Andreas for covering!

EOS will make BTS an unstoppable machine

Tether has 3rd highest 24hr Vol right now

whats up bro!!!

Has anyone tried to find a job with moderate computer skills that pays in bitcoin? Basically a virtual secretary or some kind of online job that doesn’t require knowledge of programming?

I have been upset that I knew about the possibility of DOA in 2014, but because coinbase didn't accept my dinky credit union (and still doesn't) I didn't buy and bitcoin 🙁 But when I heard that a group of people donated 100 BTC to you because you had to pay off debts, that made me feel really good. I'm really happy that your incredible service is being recognized by the community.

Bitshares!

Scoop up BTS while it’s cheap!

How I wish that someone clever, honest and open-minded as Andreas could guide Italy. Thanks as always….