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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by davidgerard on Monday December 18, 2017 @11:46AM (#15952965)
In practical terms, the main point of interest in Ethereum is the price of Ether.

The prime "decentralised" exchange is EtherDelta, which is completely decentralised except the absolute decentralisation of the website (deployable only as 2MB of minified JavaScript with the original source unavailable). I wrote about how well this approach works: https://davidgerard.co.uk/blockchain/2017/09/28/etherdelta-h...

How decentralised can you make your "decentralised" exchange? There's not much point to "a bit decentralised".

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