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Decentralized exchanges are... exactly not that. They only trade on-chain assets for on-chain assets. Fiat ramps are not part of what makes a decentralized exch

• ralston3 4y ago
  This.
• hef19898 4y ago
  Which means those exchanges are, until crypto becomes a mainstream payment method for everyday stuff, completely pointless. And, as a result, crypto as well.
  • trifurcate 4y ago
    > Which means those exchanges are ... completely pointless. I wonder what entices people to execute hundreds of thousands of trades totaling USD equivalent billions in daily trading volume on these platforms then. Would you say that everyone using these platforms is basically out to scam others or get rich quick?
    • LiquidSky 4y ago
      Yes, though there's also a smaller cadre of naive true believers in there.
    • bleep_bloop 4y ago
      They're commodities. People trade in commodities millions of times a day, thats what you're describing. But unless it's possible to cash out into fiat they are completely worthless. It's sad to see what has happened to crypto. So many scams and people using it as an investment opportunity. It will obviously never be able to replace fiat in it's current conception.
  • matheusmoreira 4y ago
    > until crypto becomes a mainstream payment method for everyday stuff It sucks that this hasn't happened already. Monero pretty much just works, the technology is already there. People insist on treating cryptocurrencies like stocks instead.