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0 sats \ 4 replies \ @Solomonsatoshi 17 Oct \ parent \ on: No-KYC/No-AML P2P exchange launches beta test. The reward pool is $1,500 in BTC AGORA
Ideally from my PoV a DEX provides the means to exit fiat monetary slavery and acquire Bitcoin monetary freedom.
Maybe at a pinch/compromise stablecoins could be used as a bridge.
Of course you have every right to allow whatever tokens you want on your platform just as I have the right to voice my opinion that fiat and all DINO crypto, are demonstrably shitcoins.
I understand your perspective, but I have to disagree. There is no real freedom in leaving fiat behind if you still can't use btc for basic things like buying food, paying rent, or covering utilities.
Many BTC maximalists tend to go from one extreme to another instead of finding balance and adapting to how the world actually works. BTC in its current form doesn't guarantee freedom, it's highly traceable, and anyone can easily see your wallet balance, which creates potential security risks. If we are talking about true privacy and anonymity, Monero offers much stronger protection.
At the end of the day, everyone is entitled to their own opinion. We aren't trying to convince anyone, we are just presenting a product for those who value privacy, freedom, and choice.
And as a side note, we plan to make our exchange fee-free.
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Agree we still sometimes need fiat but as much as possible holding your savings in Bitcoin is advantageous.
The fiat overlords deliberately obstruct Bitcoins MoE because they fear it!
There is IMO no need for shitcoins as they are pure speculative bubbles built on nothing except DINO lies...and are even less viable for MoE as acceptance is even lower than for Bitcoin.
You cannot see my Bitcoin balance nor can you trace most of my transactions.
Neither can anyone else in most cases except a respondent...and even then they can only see the addresses from which I sent.
Bitcoin and LN can give a fair degree of anonymity to users if they choose to use it with some precautions.
The unique thing of supreme value about Bitcoin is it treats all people equally without fear or favour.
None of the shitcoins do that and neither does fiat.
That is great you charge zero fees but how will you fund the project?
Surely you need some return on your investment, or it is a non profit project?
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At the moment, the project is entirely self-funded by our small dev team. Our primary goal is to build a strong community and refine the product, and profitability will come later.
Of course, every project must eventually sustain itself, so the exchange can't remain completely fee-free forever. As stated in our earlier posts, the fee-free period will last for the first six months after release, and we may consider extending it.
Even after that period, we plan to keep the service fee as low as possible, let's say around 0.3% to 0.5% per exchange transaction, just enough to cover maintenance and infrastructure costs.
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Ok understood.
Seems like a good approach and all the best.
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