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A comment on It's time for us in the tech world to speak out about cryptocurrency. Parent comment

Re:It's time for us in the tech world to speak out about cry... by webgoat on Sunday May 30, 2021 @05:11PM (#27336833)
Fees high, world too stable, heavy speculation. Cryptos forced to trade on centralized exchanges to avoid fees, making it a much crappier version of something like PayPal. Doesn't help that there's an unending supply of people more than willing to participate in ponzi schemes creating massive volatility and turning the "currency" into the commodity.
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Re:It's time for us in the tech world to speak out about cry... by ahallock on Sunday May 30, 2021 @06:50PM (#27337696)
Dotcom bubble was the same way. We're in the early stages.
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Re:It's time for us in the tech world to speak out about cry... by UncleMeat on Monday May 31, 2021 @01:24PM (#27346285)
By the time the dotcom bubble burst, email had completely changed the workplace, search engines had completely changed the way people found information, chat rooms had produced an entire online culture, and more. Just think about all of the people on HN who claim that the internet was the best it ever was in the 90s.
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Re:It's time for us in the tech world to speak out about cry... by noxer on Sunday May 30, 2021 @07:56PM (#27338264)
Trading on a DEX is free trading on an exchange costs you fees. People are just lazy and use exchanges because they provide easy to use apps and stuff and cash out to fiat etc. but this changes because exchanges are horrible at staying up when the market moves fast and everyone wants to trade.

Sologenic DEX [1] is an modern UI for a DEX to trade. Cutting out the middlemen was once a key point of p2p and decentral systems. It was kinda lost with all the non tech savvy people storming the crypto space.

[1] https://www.sologenic.com/ecosystem/sologenic-decentralized-... (The DEX runs on the XRPL, Manticore Securities AS(the company behind sologenic) has no control over it)

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Re:It's time for us in the tech world to speak out about cry... by arcticbull on Monday May 31, 2021 @02:22AM (#27340825)
Weren't DEX trade fees in the thousands of dollars during the big part of the crash a few weeks ago?
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Re:It's time for us in the tech world to speak out about cry... by noxer on Saturday June 05, 2021 @09:33AM (#27404857)
You are using the wrong DEX then. Pro tip: Dont use one that runs on a PoW system. PoW chant be cheap.
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