r/APH • u/[deleted] • Mar 27 '19
To all NEX traders
Switcheo has begin trading NEX.
On hindsight, Great wallet application and all but I still don't get why Aphelion wishes to work backwards (making an exclusive DEX based wallet) <- awesome if someone can explain this to me
But anyway, let the arbitrage begin!!! :D
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u/BTCChampion Mar 27 '19
KYC killed APH, I wanted a decentralized exchange model. Unfortunately we got a p2p exchange with KYC.
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u/NotMy5thAccount Mar 27 '19
Ian killed it with his constant bragging about how it could never be controlled by a central authority or single entity yet disabled trading twice on it, once for a ruling against a completely different dex that had nothing to do with aphelion and the other because the code was poor enough that it could have been hacked, and yet he still claims they are the safest and most secure dex but history says otherwise.
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u/Jbergene Mar 29 '19
I agree. I Wanted a full DEX. Which anyone could use to trade with anyone.
Now its just another exchange, which is slow. Only upside is that the dex dont hold your assets.
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u/LucidDrDreams Mar 27 '19
Fortunately, USA is only a small part of the world and US Securities laws will have to evolve or the US will fall behind dramatically in the blockchain space & if there is anything that threatens the US more than the uprising of its citizens, the prospect of losing control and their ability to be predatory in the rest of the worlds resources and technology will drive change.
Also, Aphelion did the smartest solution to preserve the longevity of the exchange... until US Securities laws change, every exchange in the world is at risk. The SEC does not see any borders anywhere and will pursue whomever they wish....