In this session, Andreas answers your questions about decentralized exchanges or DEX. You can see the questions listed below, or don't read the description and just watch for an entertaining and informative look at the newest innovations in finance - DEX.
Timestamps provided by Yes2Crypto (thank you!)
0:02:53 Welcome from Andreas
0:03:50 Thank you to Community Builders
0:04:24 Video "thank you" from Community Builders
0:06:19 Moderation Policy
0:06:40 Andreas Intro to Stream Logistics
0:08:10 Q: I could find different types of DEX. Is it just a marketing word for p2p trading or does it really imply standards, fundamentals or any specific technology? (Hernan)
0:10:20 Q: The term "Decentralized Exchange" implied 100% decentralization, but how decentralized are they, really. Between DNS, ISPs, cookies... what pitfalls await? (Yes2Crypto)
0:12:38 Q: Full time traders rely on as many "knowns" as possible; one of those are fees. Centralized exchanges have published fees, but how do DEX fees work? The same? (Yes2Crypto)
0:16:30 Q: If a decentralized exchange uses TOR, would the recent discovery that almost 25% of TOR relays could be compromised and used to steal BTC be a potential issue? (Paul)
0:21:32 Q: A decentralized exchange implies not having custody of [person emoji]'s [money emoji], which are the specific technical mechanisms that allow decentralizing trust in an exchange? (Anabal's mom)
0:27:03 Q: Decentralization != trustlessness. Can you please talk about the differences and where leading DEXs fall on these spectrums? (Tomer)
0:32:21 Down the Rabbit Hole: What is the world's largest, most liquid, most efficient, most wide spread and most anonymouse decentralized exchange of them all? (Andreas)
0:34:41 Q: What aspects shall we look at to assess the degree of decentralization of a Dex? (Tripluca)
0:37:54 Q: Is there a list of DEXs and the level of decentralization each has achieved? How does one go about finding them? (Anonymous)
0:39:12 Andreas shows defiprime.com which shows list of decentralized exchanges with categorization
0:43:18 Moderation Policy
0:44:01 Q: What do you think of DEXs built on Layer 2 tech like Stakenet DEX using Lightning Network and Raiden Network to avoid onchain congestion and fees? (Anonymous)
0:47:07 Q: Can coloured or flagged BTC be sent to a DEX? (cryptocurious)
0:49:35 Q: Can u plz least the issues u think are the biggest challenges to make a true DEX using "atomic swaps". What you think of TierNolan's "atomic swaps" protocol (Anonymous)
0:53:20 Checking in viewers, chat and emoji storms
0:54:33 Q: How do you think "authorities" will react (or have already reacted) to the unregulateable and unstoppable nature of decentralized exchanges? (Mr. DENSE)
0:59:36 Q: What are relay tokens and how do they work? I have some on my Bancor account, and I can't seem to figure out how to change them into the main tokens (CryptoAndrew)
1:02:38 Q: If I am using a DEX while sailing in international waters, which country should I pay taxes to? (Craig Bursky)
1:04:18 Closing comments, upcoming livestreams, and thanks
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Participating in these Livestream sessions is one way to do that. Thank you for being part of this mission.
Andreas isn't promoting a company or an organization, he's paid by the community (people who support this work on patreon and youtube) and provides an unbiased look at the technologies, what they can do for our societies, and how to get involved (if you decide you want to). No questions are too basic or simple. You can even ask questions anonymously, in case you're embarrassed for not knowing something already. Join us for more Livestream events by subscribing to the channel and hitting the bell for notifications.
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