The Daily Convolution 006 - Topic: Are Decentralized Exchanges .. Bullshit!? ..Comment & Upvote All Comments!

in #convolution6 years ago (edited)

Etherdeltans Got Reamed! .. Or Did They!?

The actual effectiveness of the hack aside, if what was originally reported was true, that the DNS server was targeted, then regardless of how the 'backend' is handled, the interface is still centralized, and vulnerable. What we need is a solution to locating and being located, in a decentralized universe.

Until we have blockchain-based filesystems and decentralized dns, can we trust so-called decentralized exchanges!?

Or was it DumbassUser error!? ;-)

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Trust noooo one and nothing - make sure you have done all that you can, and then for the rest of the way ... pray.

woo 6 mildollahman reference!

Seriously though, Decentralized Exchange is a move in the right direction, but none of them are 'there' yet - additional tech needs to be used, to properly secure and speed up.

Decentralize all the things .. DEXing is the future of course, but on the way to that future, early attempts better be TIGHT.

@proglobyte, Absolutely I cannot trust so-called decentralized exchanges. We have decentralized technology; so we can rebuild this blockchain system before hacked someone.

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