What is the future of decentralised exchanges? Is it possible to have them with fiat gateways? Many of the same mechanisms (ex. multisignature, timelocks) that allow the Lightning Network and payment channels to function will also be useful in building decentralised exchanges such as Bisq (https://bisq.network/). Except for cash, there is always a certain degree of risk when exchanging for fiat, because they use centralised systems and transactions can be reversed.
More on chargeback risks: https://twitter.com/aantonop/status/979489910578085888
This is a question from the patron-only live Q&A which took place on February 24th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
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He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
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Short answer YES, long answer NO
the 'softness' of the promise in fiat ALONE is reason enough to strongly oppose cashless idocies and DEMAND the continuation of cash as a human right — because it is unreasonable to force all of us against our better judgement to, all of a sudden, start trusting banksters when we already know better. Cashless is not possible without banksters, plastic card racketeers (charging protection money to the tune of 3£, making everything needlessly more expensive by that same amount — at least — and lose 41% in the process for 'fraud protection' expenses :))) on top), that's why 'cashless' means forcing humanity into the arms of the financial Cosa Nostra, a gross violation of ALL freedoms there are on this planet, not just your Right to Property and to Privacy!
Sending (insured) valuables to pay for Crypto (as in copper rounds, silver bullion coins or gold, UPS are accepting that kind of freight) might be a (theoretical) workaround then, cost permitting though. Not really very practical, but just saying…
Bisq does this well
Andreas, there is no 144p option on your videos. Can you bring it back?
Good to know'!
You forgot to mention 2 good services: Qvolta and localbitcoins
Neon exchange!
The risk involved in this type of exchange can't be eliminated, but it can be sold. This has already been solved. Say both parties have to pay an insurance fee to a third party that guaranties the transaction will complete. A system would rate transactions according to risk and calculate the insurance fee accordingly, so that the insurer always makes a profit.
Bisq has worked fine for me, been doing it for some time now, never had a problem
Really love the way you explain things and answer the questions with passion.
Taking out trust factor via atomic swap transactions would undermine underlying crypto character…wouldnt it?
Nauticus exchange is going to have both fiat and crypto.
No risk it, no Bisq-it
So if we enter into a cash-less society , How would we determine prices if everything was based in Fiat?
Hi!! Question
Governments are using or have on beta blockchain technology.
Google is planning on implementing blockchain technology as well.
Banks and moneygran are using xrp technology.
what will happen with btc if USA decide to launch its own usd-currency? Wouldn't btc looses its value?
LocalCoinSwap
Nope because 97% of all fiat that exist are bank ledger entries which cannot exist outside the banking system.
Andreas given the current volatile market where do you see a bottom as my bottom is getting a pretty good spanking from this one & is getting more painful by the day.
Hi & thank you for another informative presentation
Thank you for the quality content!
No mention of OmiseGo? A decentralized exchange with fiat gateways is exactly what they're building.
How long ago were these videos filmed? Or are they filmed the day they’re posted?
Very interesting topic
love ur passion and hardwork you doing for bitcoin! You should check out Hans Rosling, and maybe start doing some diagrams and such to get people to understand it easier? 😀 anyway keep up the great work!
Really interesting. The fiat issue is indeed a problem and risk
Decentralised atomic swapping – barterdex on komodo platform!! They have about 95% of all coins covered, pretty impressive.
Decentralised exchange wise there a fair few around, bitshares is the most active by a long long way currently do same number of transaction daily as ethereum. It has a fiat option but it's currently not up and running. Waves DEX has a fiat option (bank account), you need to go through a 3rd party ID verification though.
@6:29 If you use Bisq, you take a risk!
https://bisq.network/
Bank transaction become final upon closing the account.
Bitshares is the best decentralized exchange. It will soon incorporate it's fiat deposit and withdraw gateway.
BISQ??? Look up Wavesplatform
that so happened to me, i sold $300 worth of bitcoin and later on they called the bank stating that their account has been hacked!! and they froze my account with the rest of my money, they wanted me to sign a document stating that in order for me to continue using my bank account i have to accept to return the $300. I actually had to hire a lawyer. at the end i kept the $300 but i was banned from the bank. good thing because after that treatment i was going to close the bank account anyway…
Komodo's BarterDEX for everyone to use already did more than 90k atomic swaps. 95% of all cryptos supported.
Thanks for your Q&A's I hope you are able to read this one. I'm a believer in Bitcoin/Cryptocurrency. I'm new to the space, but one aspect that has me wondering (maybe worrying) is why, after all these years, there is a lack of of any major players/contributors. What I mean is, Google, Apple, Amazon, Intel, Tesla, SpaceX, Nvida, Facebook are almost silent (or even anti-crypto) on Crypto. These same companies spend BILLIONS in R&D trying to stay ahead of the competition to be the first- Global Internet Service, Self Driving Cars, AI, Quantum Computers. Why they have not entered the Crypto-space is worrisome. I understand why banks are slow to act, they are in the horse & buggy business. But when a search engine company (Google) has a billion dollar sand box and are trying to do every new tech there is, why the silence on Crypto? Your thoughts on this subject would be greatly appreciated.
APRIL FOOLS DAY……. watch for it.
I do believe in these multi sig tx do require some trust that the other person stay alive and or they have a back person to complete the tx if something happens. Some of you might say this is a small risk, but it is still a risk of having your money locked for ever. I may not know enough about the tech. I once played with multisig transactions.
It is not that easy to undo a sepa transaction. You are pretty safe. It could become a problem when crypto currencies are illegal. Lets just hope fiat becomes a thing of the past and the people can earn bitcoin instead of buying it with worthless paper. Thumbs up for Bisq.
What are your thoughts on ”hybrid exchanges”, attempting to have both centralized and decentralized exchanges? Would a hybrid exchange be beneficial to the community or might the community be better served with decentirlized only exchanges? Is there a concern in terms of decentrilized adoption if companies in the centralized space attempt this hybrid exchange? Please let me know your thoughts.
DEX + Fiat = win !!!
decentralised is spelled wrong
Me gustaria que cada video que cuelgas nuevo estuviese traducido al español
#ast #Airswap atomic swap