I made my first trade using bisq and I was shocked how fast my order was taken. I will use more often
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Cory asks: "Why should a Bitcoiner care whether DEXes exist? What are the use cases?"
Well, if we don't have DEXes, government can just shutdown the party by closing down CEXes. As always, decentralization is the opposite of having single points of failure. Single points of failure make the system fragile. Decentralized designs like bisq make the system robust.
The use cases are plenty: private transactions (which have many reasons to be useful), low fees (yes, you can achieve fees lower than many exchanges), trust-less trades that don't rely on an organization, the social pleasure of dealing with a peer on equal conditions instead of a massive corporation like Coinbase.
And DEXes work for people even if they don't use them: the fact that some unknown mass of bitcoiners is using DEXes helps protect the entire network from attacks, since any pressure on CEXes would incentivize shifting over to DEXes, further strengthening the network resilience.
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Maybe Cory is asking for "another" reason that we still don't know it? I mean Swan is a great service but in the end is a CEX...
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"I don't see the point of a DEX"
  • Man who runs a CEX
To be fair, Cory was very receptive to the answer, and I've learned a ton from the guy.
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Shitcoiners think crypto is a program that they can attach a bunch a coins to and dump on the market.
There's a lot of decentralized stuff you can do, without creating a brand new coin.
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Also RoboSats. I think are the only true DEX out there.
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Much less liquidity than Bisq though but yes
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Like Bisq when it started... This is the endless story of DEXs, the chicken/ egg dilema.
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What do you dislike about Bisq now?
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I used Bisq, thanks for giving us this access to decentralized purchasing. Bisq is the way. Cheers
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