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It doesn’t take a genius to understand how CEX and DEX handle your coins and withdrawals differently. It might take some years to educate the masses, even much
by zeroclip 4y ago
It doesn’t take a genius to understand how CEX and DEX handle your coins and withdrawals differently. It might take some years to educate the masses, even much of tech crowd on HN is not well informed on these differences.
And trusting experts who distill and educate us on these things is fine, it’s how math, science, physics works. But we can verify the claims in these fields, instead of blindly trusting a single mathematician. That’s the idea of crypto too: don’t trust, verify. FTX was a case of trusting one entity with no verifiable proof of their actions. Uniswap is the case of trusting the code and protocol, and many people coming to consensus to verify it.