/biz/ - Business & Finance

>>11266014
>future is here

>low volume dex on a blockchain no fucker uses

is this fair x?

the problem with ripple (and by extension stellar since it uses the same concept) is that you have to trust centralized parties completely to use anything other than xrp or xlm.

when you trade on a decentralized exchange on ethereum, you're safe knowing you're trading real assets in a decentralized way. when you use stellar, all you're trading are promises from centralized companies that they will hand over the original asset via their centralized payment gateway, KYC probably inclusive.

the only way decentralized exchanges work is when they're operating at the same layer the assets are, like in ethereum

you can buy stocks and bonds with this which is pretty cool

Waves DEX
Can't understand why this isn't get more attention.
Working better and better with new improvements.

>>11266085
You can't use it with a ledger. Which is the real innovation with stellarX IMO.
Otherwise what's the point, your private key has to leave your physical device, so it's not safer than a centralized exchange.

>>11266097
Er. You can use ledger on literally any dex on Ethereum.

>this is innovation to stellar bagholders

>>11266103
Dex platform on Ethereum are utter shit. Expansive and slow. You can't compare that with a dex that has ripple speed and 0 fees.

>>11266085
waves is a dead platform with social media/reddit shills trying to manipulate everything knowing they have zero real users.

its kind of an ugly looking exchange though

but if they make it better looking this has top exchange potential. you can buy stocks and fiat and bonds which is legitimately amazing

>>11266138
you can when ethereum's are decentralized and ripple/stellars are decentralized IOUs that can't be redeemed without a centralized partner and agreement.

second layers solve fee and scalability problems. you can't build more decentralization on top of a centralized platform like this.

>>11266148
Not really.
Reddit is not the core indicator for anything.

>>11266048
>Hey guys! We're planning to become an on-ramp for FIAT > Crypto purchases :) We'll be totally legal too as we'll be liasoning with central banks to leverage these transactions!
>"Lol these guys are only going to be a legal Crypto>FIAT on-ramp and off-ramp literally shit"
??????????

>>11266014
>The future is here

>>11266048
The thing about Ripple and Stellar is that business partners and banks need someone to talk to if they want to adopt a service. Having an authority is exactly the reason why it has a chance for adoption.

Do note that in the case of Stellar it's not only them running nodes, but also major partners. So they can't just change everything. As the networth grows a concensus needs to be reached with their partners to do shit. As with any blockchain you don't have to trust one party.

I appreciate the decentralized nature of Ethereum. And that's also why I believe it might take off in the future. But I do think that Ethereum will be more like Linux, a community initiative that will take a large market share, while the business alternative will be more like Windows. And they both serve a different role.

>>11266048
you are talking shit.

on ethereum you can only trade eth ICOs decentralized. you cannot trade commodities and stocks decentralized.

just like the Stellar DEX. you can trade any Stellar ICO decentralized. everything else like stocks require trust.

so please stop talking shit when you don´t know what you are talking about.

>>11266027
>judging low volume on an exchange one day old
retard: the post.

im actually excited about this, just bought some xlm

this has potential to knock binance chink scam site off top position

no more shitty botting, chinkoid manipulation and chink favouritism in crypto

>>11266085
>>11266103
Do you know a lot of DEX that let you deposit fiat?

>>11266255
StellarX monitors the IP addresses of all inbound traffic to determine the originating location of any user, and accordingly will attempt to prevent access to StellarX by users where regulatory requirements restrict the Services. StellarX may restrict any geographic location, residency, or IP address at its sole discretion, at any time, without notice.

It is prohibited to access or use the Services in the following jurisdictions: Cuba, Iran, North Korea, Sudan, Syria, Crimea region of Russia. This list may be modified from time to time.

Any user that is found to be using the Service from one of the aforementioned jurisdictions will lose access to their account.

>>11266214
These things usually peak on day one as everyone tries it once and then fucks off to DEXs with better volume

>>11266191
yes, but nobody is launching anything outside of ethereum, plus all the stable coins, exchange backed coins, etc, are all launching on ethereum.

a decentralized exchange on stellar is like building a decentralized exchange on ethereum classic. nobody cares.

>>11266319
spot the binance marketing bot. lmao your shit tier site is over chinkoid

>>11266326
that's straight from stellarx' terms of service

>>11266283
So it’s not even a dex then

>>11266326
https://www.stellarx.com/legal/terms
6. Prohibited Jurisdictions

>>11266331
The fiat deposit is obviously through a third party, but then the fiat is stored on your ledger as a XLM token. Nobody forces you to use fiat anyway.
It's as much a DEX as exchanges on ethereum and waves but it goes beyond that.

>>11266336
>>11266341
Cucked

>>11266319
you know StellarX is just a nice looking wallet interface to access the SDEX?

if you are from such a shithole, you can just take your private key and use any other wallet. i.e. the stellar desktop wallet which i use, because i dont need a normie friendly UI.

>>11266173
stellar has no chance here though. even ripple hasn't had any success getting anybody to accept their xrp tokens, even as loans. stellar doesn't have a better chance, and their xlm token is even more centralized.

take note that banks are building their own networks based on ethereum, not ripple. i dont remember seeing anything particularly special when i went looking at the internals of ripple/stellar. it just looked like a pretty standard account-based ledger with a bunch of exchange transaction types slapped on top.

>>11266283
not possible without it being centralized. but all of the "stable" coins are being launched on ethereum so far.

>>11266329
its irrelevant to my point though you chinkoid faggot. binance manipulates and wash trades on every coin on their shit site and constantly pushing shitty chinese scam icos. now we have a genuinely trust worthy site,

now we have an exchange that doesnt bounce from country to country escaping jurisdiction. fundus are actually safe

>>11266349
>you know StellarX is just a nice looking wallet interface to access the SDEX?
that only explains trading tokens on stellar, not other cryptos. BTC, ETH and others must rely on trust

>>11266336
They can block you from using the website, (like any other decentralized exchange), but not steal your funds. You can still sell your XLM token to any interested third party.

>>11266351
>but all of the "stable" coins are being launched on ethereum so far.

If you trade on Ethereum on a regular basis you're broke in less than a year, and your money is gone to miners.

>>11266357
>BTC, ETH and others must rely on trust

Yes but it still better than any exchange that hold your funds.
And it's 100% free.

>>11266325
you stable coins on ethereum also need trust you fucking brainlet.

enjoy your slow speed high transaction fee transactions.
no for profit institution will use ethereum when stellar is better for them in every aspect.

When StellarX grows older, more and more institutions will migrate to Stellar.

>>11266357
the whole concept of ripple (and clones like stellar) is based on trustlines, centralization, gameways. it's a core component of how they work. this is fine for the niche that ripple tries to fill (still don't see the point in a me-too product like stellar), but it makes for a poor decentralized exchange because you're still entirely beholden to centralized gateways with their own KYC protocols if you actually want to deposit/withdraw.

sure they can add their own tokens, but i dont see any real interest in launching tokens on ripple (or stellar), the platform doesn't really make a whole lot of sense given the poor economics of the token they would have to accept (and hold) being xrp or xlm.

Binance bots are gonna be fudding this website as hard as they can

>>11266319
>Cuba, Iran, North Korea, Sudan, Syria, Crimea region of Russia.
lmfao central bank fuckery 100%.

>>11266365
which is why scaling and sharding is important, otherwise you end up with centralized platforms like ripple (or sellar) where bulding decentralized exchanges makes little to no sense on.

>>11266383
where did i say they didn't require trust? i just mentioned that there's no decentralized exchange with fiat support, but ethereum's are all is the closest by far.

>enjoy your slow speed high transaction fee transactions
no, i'll enjoy all the money that betting on the right platform has given me so far, thanks, and there is no institutional interest in stellar.

>>11266381
You can use ethfinex trustless to trade eth and ~40 erc20 tokens, which include DAI and USDT.
It's true that fees are higher but liquidity and trading pairs are unbeatable.

>>11266385
gateways *

>>11266400
ethereum's are all the closest *

>>11266387
Go back to your discord server pajeet,

>>11266408
Nice try xang, not today. The binance era is over

>>11266402
USDT is not a native ETH token and needs trust that you can redeem USDT for real USDT at the tether company.

do you really believe the shit you write?

>>11266417
>USDT is not a native ETH token
It is, usdt is both on omni and ethereum.
https://tether.to/usd%E2%82%AE-and-eur%E2%82%AE-now-supported-on-ethereum/

>>11266417
what are you even arguing? we're talking about stable-coins, fiat representations in the crypto world. they're all like that, they're all the same.

and tether is on the ethereum network already in "beta". but there are multiple other dollar stablecoins on ethereum today, more than any other platform, which is my point.

>>11266400

>when you trade on a decentralized exchange on ethereum, you're safe knowing you're trading real assets in a decentralized way.

>>11266413
Need a boogeyman to shill your website?
You must have a good handler rajesh.

>>11266425
USDT is backed by bitfinex brainlet.

You cannot have a fiat token that is trustless since you need someone to give you USD against it.

And the USDT ETH token is just a vehicle backed by the native USDT coin.

>>11266438
you can´t make this shit up how stupid some people are.

they think only because it is not called trust on ethererum, that they really don´t need trust.
ethereum tricks you into thinking you can buy USD without trust.

>>11266383
>you stable coins on ethereum also need trust you fucking brainlet.
>>11266438
>You cannot have a fiat token that is trustless
DAI is not based on trust, it's backed by ether using smart contracts.
It survived that big drop without problems, I didn't trust it in the beginning but now I do
>And the USDT ETH token is just a vehicle backed by the native USDT coin.
It's not, it's literally the same 'usdt', just on different networks.

>>11266430
and you're trying to argue that isn't the case because of stablecoins, ever heard of DAI? even on other shitty platforms like bitshares they have bitUSD/bitCNY, even if they don't work very well.

but fiat is the only problem, using this niche stellar (de)centralized exchange you just have the same problem with fiat, and also every other token because stellar just doesn't have any native assets.

>>11266455
yeah and your USDT is worthless unless bitfinex gives you real USD for it, so it needs trust and is not a native ETH token.

i explain to you how it works since i am generous today: they create and ETH token and call it USDT and say it is 1:1 backed by real USD. thats how they make USD tradeable on the ethereum blockchain.

this is the same principle how you make stocks and bonds tradeable on Stellar. they create and ICO and back it 1:1 with an asset to get it onchain.

>>11266455
You're a massive moron.You don't understand what trustless mean.

Trustless mean that even if you're Ben laden or the worst criminal on earth you can still access and use your funds....

Now tell me how you will get USD from USDT if you're under a US warrant.

>>11266452
i think somewhere along this discussion you've gotten really confused. fiat was never part of the debate, it was about stellar requiring trust for everything because it's a platform that doesn't have any native tokens, apart from maybe a handful of which most aren't traded or used.

it would be like ethereum launching a decentralized network where all you could trade was tokens not on ethereum against ethereum, like BTC IOUs. it would be completely pointless, like this is.

>>11266319
I've never even been to crimea :/

>>11266480
You forget that people will use this exchange mainly because it's 100% free and don't require KYC.
99% of people don't really care if it's truly trustless from end to end.... It's a competitor to Binance, not to etherdelta.

>>11266472
>Now tell me how you will get USD from USDT if you're under a US warrant.
learn to read, DAI is trustless

>>11266480
i know that, but you are saying unlike on Stellar you can trade real world assets on ethereum without trust which is just wrong.

on every DEX, you can only trade native tokens of the blockchain without trust.

Stellar has like 10 ICOs which are native and a lot more to come this and next year.

>>11266507
possible, but the nice interface side of it is the point of failure. no kyc is a nice touch but what happens when people start depositing clearly stolen/drug money into this exchange to convert it?

shapeshift couldn't get away with it, and if they want it to be something people will use, they're going to have to support deposits/withdrawals/trading in btc/eth.

>>11266513
no, i never mentioned anything about trading real world assets on ethereum, i just said etherum has all of the stable coins being launched.

>>11266535
>i just said etherum has all of the stable coins being launched.

which requires trust that you can redeem them for the underlying real asset.

>>11266014
it can hardly be the future if it‘s here

>>11266509
learn to read, DAI is trustless


xd you don´t understand what trustless means.

your shit is backed by ethereum and when ethereum becomes worthless, DAI is also worthless.

>>11266547
which is the same as ripple (or stellar) or any other network. i don't get your point?

What is their revenue model if they don't collect any fees?

>>11266576
of course it has to rely on the security or value of the network it runs on.

what happens when stellar becomes worthless? the same thing.

>>11266597
they do, but they give out "rebates". you're still having to pay to make transactions, and at some point they can decide to stop giving out rebates, if they choose to.

>>11266598
no, since fiat tethers are backed by real fiat, you can redeem your fiat tether for real fiat, even if XLM goes to zero.

>>11266597
It's built by the a non-profit, the Stellar Development Foundation.

>>11266606
The fees on a ripple blockchain are incredibly small and are only used to prevent flooding of the network. It's not a real fee, and it doesn't go to the owner of the site (the token are burned).

>>11266612
and that's the same for any centralized fiat token on ethereum too. we're talking about decentralized stable coins. oh nevermind, those aren't even possible on stellar.

>>11266633
it's a fee, so it's either getting refunded or you're paying one.

>>11266641
Yes it is getting paid by the company building the website, out of their own pocket.
But you seem to think that the fees are going to them in the first place.

Lol so many binance shills in this thread. Im taking my money off binance. Little chengpeng gonna exit scam unless he can get out his DEX within the next few months

>>11266635
>decentralized stable coins

how can you believe in such shit. DAI is only worth something if people buy it from you for 1 usd. when people don´t want to buy it anymore, it gets worthless, because there is no anchor backing it with real USD.

Fiat tethers are always worth 1:1 the fiat, even if nobody wants to buy it anymore, since you can exchange the token at the anchor for the real fiat.

>>11266166
Wrong. It's great if you want to know what faggit male feminist cucks think about something.

>>11266641
And even if they stop refunding the fees, they are incredibly small anyway, nothing comparable to any other exchange.

>>11266319
Stellar is built on kyc/aml.
Sorry nigger, but stellar is taking the entire STO market share that's coming and this is required. ICOs are dead.

>>11266352
This. People keep mirror imaging onto binance as if they are a company of whites with white integrity. They aren't. Chinks are subhuman trash.

The best part is theres no listing fees

anyone can list their coin on here completely free of charge without even the authority of stellar, its a true decentralised trading platform

no longer can little changpeng any his chinkoid buddys push their shit coins out for Pump and Dumps

THIS IS AMAZING!!!!!

>no fees
>no KYC
And the debate is over. Have fun in your wash trading exchange.

Ironic though, “decentralized” exchange trading IOUs

Basically after doing some research i learned that XLM has a market place built into its framework. Using stellar X people can hypothetically program any form of asset into that marketplace and transfer those assets through stellarx.com

Completely free aswell, so Stellarx.com is gonna have everything from crypto, to stocks, to bonds. Any asset that exists can be programmed into the stellar framework.

This is extremely interesting

>>11266793
Finally someone gets it
Now dig deeper into the relationship between Hyperledger and XLM and Stellar's many partners

>>11266844
This is actually amazing, This is a true decentralised market place

ohshit

I deposited some btc yesterday and purchased some mobius. The process was flawless. This could be big...

Can I send my REQ from binance to stellarx?

>>11267159
req is not supported for deposits yet.

easiest way to deposit crypto to stellarX is to use XLM. If you dont have that, you can also deposit BTC, ETH and other big cryptos.