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#decentralized exchanges – @tuckfheman on Tumblr
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Tuck Fheman : Decentralized Blockchain Technology & Doom Updates

@tuckfheman / tuckfheman.tumblr.com

A cadre of autodidactic multi diverse personalities decentralizing teh world.
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EtherEx – Decentralized Exchange On The Ethereum Protocol

The Ethereum ecosystem has been attracting a lot of attention from both within and outside of the digital currency ecosystem in recent months. Most people attribute this to recent Ethereum price increase, but it can also be attributed to the number of projects set to launch in the next few months. EtherEx, a decentralized digital currency exchange, will be launching shortly after being in development for two years.

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BitShares Dev Hangout with bytemaster on Licensing

On this weeks BitShares Developer Hangout, Dan Larimer of Cryptonomex discusses licensing, bond market, referrals, worker proposals, fees and he answers Community questions.

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[00:02:21] bytemaster: We’ve been working really hard on finishing up the wallet details. 

[00:04:58] bytemaster: The other recent change is we’re limiting the number of signatures per transaction to five.

[00:15:02] bytemaster: As someone who has been a hard money fan, gold and silver as the only true money before getting into crypto, I understand where they’re coming from. It all comes down to governance. Whether your monies fiat or gold and silver or crypto, everything is going to be on ledgers. You’re not going to be dealing with physical gold and silver coins it just does not make sense in a digital world. Even if the bank that you’re using has gold and silver on deposit, well at the end of the day you’re trusting their ledger and their accounting to keep track of IOU’s for the gold and silver. At the end of the day if you have an IOU for gold and silver that gold and silver can be compromised and the IOU’s can be defaulted.

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Excerpts from the BrotherJohnF Hangout on Beyond Bitcoin

[00:01:19] fuzzy: brotherjohnf teaches people about the power of the people’s money, otherwise known as silver. It becomes apparent as you listen to our conversation why we cover both cryptocurrency and hard money as tools to fight against the current financial vampires.

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[00:03:26] brotherjohnf: I started off in the silver community with my Silver for the People website, it’s based on the idea that silver is their Achilles heel, “they” being the banksters. They are absolutely vulnerable to physical silver. It’s the stake in the heart of the bankster vampires. It’s the bullet that slays the Wall Street werewolves. It is their key weakness.

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It’s fun but ...

We’ll be glad when the “Wild West” days of cryptocurrency are behind us. We’d still like to be able to visit the Wild West ... whenever we got the itch, but when it comes to exchanges, we don’t like to play games with people who like to rig the games ... and all the games are rigged.

We don’t want every single day of our lives to feel like ... we’ve just handed a few hundred dollars to someone and we’re not sure if we will ever see them again. We don’t even care if we’re playing on an even field most times, we’re expecting the odds to be against us going in, but we still expect to win.

And that’s exactly what it’s like when dealing with centralized cryptocurrency exchanges. We’re all taking a big risk right now, hoping for the big payoffs, sooner or later. The longer someone’s willing to wait, the bigger the payoff (usually) and the bigger the risk.

However, even when attempting to make a small percentage gain with quick moves, you can get burned by these centralized exchanges. Sooner or later, those of us placing a lot of medium sized orders on centralized exchanges, getting on and off the exchange as fast as possible, with a sum of crypto just enough to make a nice profit from yet not enough to threaten your roll if lost ... stolen, “stolen”, hacked, “hacked” or scammed away ... will have exactly that happen.

Large projects like BitShares, MaidSafe or PeerTracks and smaller one’s like Qora and CIYAM are all doing their part to decentralize the way we all interact with each other and with our money. Each of them are playing a part in taking control, from centralized groups, of the internet, the financial services industry and the music industry and placing each individual in control.

By using decentralized blockchain technology, “blockchain-less” consensus mechanisms, smart contracts, smartchains, smartcoins, bitAssets, atomic cross-chain transactions and more, they will offer individuals the ability to take control of the privacy and security of their own finances and a global system of interconnected computer networks.

There are many other projects out there attempting this same goal. We have listed the projects we have researched, some for years, and determined we would support these projects. Do your own research, but please get behind any project that is attempting to decentralize the way individual’s interact in their personal and business lives.

Decentralize everything!

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Why Third Parties Will Be Eliminated From the Internet (Op-Ed)

The recent and massive exit scam at the online market Evolution – in which the site's founders made off with US$12 million of their customers' bitcoins – is just one of several similar examples. Each sad story further suggests that this problem won't go away on its own. Not without the complete elimination of third parties from the Internet. [image credit : Cointelegraph]
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Centralized exchanges are the “Achilles heel” of decentralized networks. The original intent of Bitcoin was to create a decentralized payment network. Blockchain technology allows us to send frictionless payments, free from censorship or capital controls. With freedom comes more responsibility, each individual must maintain a higher degree of awareness as it pertains to online security.
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Everyone who has been following the evolution of crypto currency exchanges has learned how expensive it is to comply with all of the regulations in the money transmission business. It can literally takes years and millions of dollars to get permission from the government to start an exchange that accepts dollars for crypto currencies. All alt-coin communities have experienced the frustration of having to go through two exchanges (dollars to bitcoin and bitcoin to alt-coin) just to enter or exit the ecosystem. This two step process is expensive and ultimately limits adoption. Today I would like to present the case for abandoning fiat all together and adopting a truly free market currency: gold, silver, and other metals.
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