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I've used Uniswap and IMO, the UX doesn't compare to the centralized exchanges. I think that will prevent mainstream adoption except for those who are pretty cr

I've used Uniswap and IMO, the UX doesn't compare to the centralized exchanges. I think that will prevent mainstream adoption except for those who are pretty crypto savy. I'm also concerned that decentralized exchanges may have tough regulation applied to them in the future. I'm not sure what that looks like, but it seems like a risk to me. The charges brought against the founder of EtherDelta comes to mind. That is interesting what you said about the shadiness of centralized exchanges. I wasn't aware of that. Maybe a more clear regulatory framework will help. However, it seems like whenever more regulation is put upon traditional markets, folks just find a loophole in it and it makes the situation worse for retail investors (best price / HFT comes to mind, but maybe I just took the Flash Boys book too seriously). Anyway, I'm not sure what the answer is there. Curious if you have more thoughts on this.

vmception 5y ago
Uniswap already has mainstream adoption lol. V2 has had more volume than Coinbase for almost a year and its less than a year old. People that want alpha learn that interface, the end. If you want limit orders and big ole' chart taking 3/4ths of the screen so that you can pretend the Bollinger bands are suggesting a breakout, then you have to use third party GUIs, it is all possible and there are plenty of github projects about it. Uniswap V3 makes that even easier. HFTs already exist here, they provide a service mostly liquidity depth. Crypto exchanges are fairly unique in that they operate many conflicting roles when in other markets they would have fiduciary duties.
- swensel 5y ago
  Thanks! For the adoption, I meant more like new folks to crypto. I think sending someone new to Coinbase is a lot easier than having them set up Metamask, telling them how to get some ETH and sending them to Uniswap (and also having them understand gas fees, etc, otherwise their Uniswap transaction will take hours and maybe be cancelled due to slippage). Anyway those third party GUIs sound interesting. I also figured there already was HFTs on crypto, but good to know. We'll see what happens with potential regulation. I do hope the US understands that not stifling crypto innovation would support them in having companies and leaders in this upcoming field. I do think crypto is in it's early stages at the moment and mainstream adoption to me is having crypto adoption at the level of say the US stock market.
  - vmception 5y ago
    People can buy eth directly in metamask with dollars New people to crypto just follow their favorite youtuber The ux will improve even more over time The commerce applications on the other side like Uniswap are understood pretty quickly as its just market orders But there is tons of room for innovation in making it more accessible When I see the volume, liquidity, value on chain, and all times lows of crypto stored in exchanges, to me that means its easy enough for people to figure it out from their favorite influencer’s bite sized video

vmception 5y ago

Uniswap already has mainstream adoption lol. V2 has had more volume than Coinbase for almost a year and its less than a year old. People that want alpha learn that interface, the end. If you want limit orders and big ole' chart taking 3/4ths of the screen so that you can pretend the Bollinger bands are suggesting a breakout, then you have to use third party GUIs, it is all possible and there are plenty of github projects about it. Uniswap V3 makes that even easier. HFTs already exist here, they provide a service mostly liquidity depth. Crypto exchanges are fairly unique in that they operate many conflicting roles when in other markets they would have fiduciary duties.

swensel 5y ago
Thanks! For the adoption, I meant more like new folks to crypto. I think sending someone new to Coinbase is a lot easier than having them set up Metamask, telling them how to get some ETH and sending them to Uniswap (and also having them understand gas fees, etc, otherwise their Uniswap transaction will take hours and maybe be cancelled due to slippage). Anyway those third party GUIs sound interesting. I also figured there already was HFTs on crypto, but good to know. We'll see what happens with potential regulation. I do hope the US understands that not stifling crypto innovation would support them in having companies and leaders in this upcoming field. I do think crypto is in it's early stages at the moment and mainstream adoption to me is having crypto adoption at the level of say the US stock market.
- vmception 5y ago
  People can buy eth directly in metamask with dollars New people to crypto just follow their favorite youtuber The ux will improve even more over time The commerce applications on the other side like Uniswap are understood pretty quickly as its just market orders But there is tons of room for innovation in making it more accessible When I see the volume, liquidity, value on chain, and all times lows of crypto stored in exchanges, to me that means its easy enough for people to figure it out from their favorite influencer’s bite sized video