Bitcoin / Bitcoins / Crypto Currency

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greentricky in reply to @Stonehedge

Blockchain only offers benefits if there is zero centralised control.

Ah OK, so in this comment:

I'll be as blunt as I possibly can be. I don't believe that blockchain tech is capable of supporting a true decentralised DeFi service that has minimnal risk of failure. Not without operating as a centralised bank to some extent.

You weren't saying you think they should have centralised control, like Celsius, Nexo, BlockFi but that you just don't think decentralisation is possible?

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Stonehedge in reply to @greentricky

Exactly. I don't think it's currently possible to offer a DEX or liquidity service without some centralised control. Bancor might be the best of the bunch and the least likely to fail but they sure have spent a lot of time and money applying for a banking license for a company that claims to not do any central banking.

I'm not clear if they operate in Switzerland or Israel but my suspicion is that they are subsidising their economy model with money raised by token listing fees which often dry up in bear markets.

Don't why me wrong, it might be a good investment. I'm just totally non plussed by their tech and see more hype than innovation.

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