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A comment on Half of ICOs Die Within Four Months After Token Sales Finalized. Parent comment

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by funfunfunction on Monday July 09, 2018 @07:44PM (#17494334)
> You aren't trusting an exchange when you send a transaction on the blockchain.

This is true, but exchanges have become the de facto on/off ramp for cryptos. If I want to acquire bitcoin without mining, how am I going to do it other than buying from a centralized entity?

Edit: As I post this I remembered that Paradex, a decentralized exchange for ERC20 tokens built on 0x, was recently acquired by Coinbase[1], the largest centralized crypto exchange, who in turn might soon be acquired by Facebook[2]

1. https://www.reuters.com/article/crypto-currencies-coinbase/c... 2. https://www.independent.co.uk/life-style/gadgets-and-tech/ne...

[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Monday July 09, 2018 @07:52PM (#17494369)
> This is true, but exchanges have become the de facto on/off ramp for cryptos. If I want to acquire bitcoin without mining, how am I going to do it other than buying from a centralized entity?

Sure, that's true. But once you own them, they're yours to do with as you please. You can also buy them from someone peer to peer if you really want to onramp in a 'decentralized' way.

[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by JumpCrisscross on Monday July 09, 2018 @07:59PM (#17494394)
> You can also buy them from someone peer to peer if you really want to onramp in a 'decentralized' way

Now we're back to no advantage over cash or bartering.

[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Monday July 09, 2018 @09:37PM (#17494812)
Only for the onramp. I know that you know that, too. Why are you arguing disingenuously? You have a reasonable case to make, you don't need to stoop to that.
[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by funfunfunction on Monday July 09, 2018 @08:10PM (#17494442)
> You can also buy them from someone peer to peer if you really want to onramp in a 'decentralized' way.

This makes it seem like you can onramp via an exchange and still maintain all the benefits of decentralization. If I don't onramp in a decentralized way then there will also be a centralized entity with tremendous power.

[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Tuesday July 10, 2018 @03:01AM (#17495964)
What do you mean by that?
[ Parent | on HN ]