/biz/ - Business & Finance

>>55847472
CEXs will be the death of crypto if they aren't phased out.

>>55847472

Not your keys not your coins

>>55847818
You got it wrong anon

Binance and OKX are the best

>>55847472
DEX volume is poor and that's the truth

>>55847829
If you lost your keys, you say goodbye

>>55848484
Someone understands.

>>55848696
It's sick

>>55847829
the best quote for consciousness. lollllll

>>55848234
Make it right dumb ass

>>55847472
>>55848234
CEXs are you begging middlemen to honor the fact that the coins they hold for you to trade or gather yield are actually your coins. DEXs don't have this issue.

>>55847472
Haha use ledger folks and your future is bright

>>55847472
I use DEX for everything apart from my futures trading cause the API integration with blackswan makes it easier. Looking forward to DYDX support in phase 5. Phase 4 is imminent. Can you feel the calm before the storm?

>>55849741
What's this DYDX?

>>55847472
save your future by holding your coins in where you can control

>>55847472
So what's the best CEX platform to use?

>>55847472
Why settle for this shitty exchange?

>>55847472
Start researching and make something worth it guys

>>55849687
We all need ledger wallet for the additional security. Go for it anon.

>>55849659
Lol

>>55849913
Coinbase and Binance are still top, no doubt. Exodus is in the mix too, anon. But having a backup plan like options with user-friendly perks is just smart.

>>55850457
All are scams whatever friendly it is

CEX and DEX are intertwined.
DEX doesn't exist without CEX bringing in new funds.
because all crypto naturally liquidates due to none of it actually having a real world use beyond trading and liquidation. The only thing to do with crypto is sell it or stake it, and the world isn't doing so great right now... Expect liquidation.

My only suggestion at the moment, if you can't find a decent memecoin cashcow, is to find an easy method of holding up two APRs on the same funds. You can do that with AAVE. Deposit DAI, pull their shitcoin on collateral and sell it for USDC, then move the leftovers back to CB for the 4.6, while still getting the ~5 minus the borrowing fee from AAVE on top of it.
or go jump on one of the bumfuck insane Mr Bones liquid farm rides on Base network and see if you can get a few thousand out of Alienbase before the tap runs cold.

>>55849741
Most folks lean towards using it over CEX. The recent crackdown on CEX platforms really drives home the point of why opting for DEX is crucial for privacy. But vulnerability of wallets is a notable concern.

>>55850490
I ain't got a clue what you're thinking, anon, but saying "everything's a scam" is like shouting you're clueless and can't tell left from right. There are choices out there, you know. You could park your assets in a non-custodial setup if CEXs ain't your jam.

>>55850572
Your keys your coins is what I like no need to flex CEX

>>55850624
What's up with you, anon? I ain't even shoving CEX platforms in your face. I'm just pointing out that if big shots like Binance ain't your vibe, non-custodial setups are an option to stash your assets. Just laying it out there.

>>55850690
I wonder how it will be perfectly implemented. Some guys are mistakenly handled their 12phrase

>>55850529
So you shill

>>55850765
If I am a shill, why did I suggest two sites on two different networks?
Hm, Mr. Skepticpants?

>>55850748
You hit the nail on the head there. It's a legit issue, and that's why heaps of wallets are sitting idle – peeps just can't get into 'em anymore. But guess what? There's this nifty social login recovery feature They can hook up their social media accounts and bingo, access granted. An alternative option for sure.

>>55850529
Based

>>55850830
Will that work?

>>55850546
>bright

>>55850490
Grow up anon, but If you care about privacy, and security of your assets welcome to the hub

>>55850905
I'm pretty sure that's a go, as long as you've got what's needed for account recovery. It's a backup in case your 12-phrase vanishes. Another choice, and verifiable credentials can be a big help too, anon.

>>55850546
Found a sensible anon here. DEX offers more control and privacy, and with the right security measures, you can mitigate wallet vulnerabilities. It's all about striking that balance between convenience and safeguarding your assets

>>55851005
>>55851023
>>55851023
Vaporware

>>55851023
Hey anon, are there any additional security measures you're considering to ensure account recovery and protect your 12-phrase backup? Wonder how this is even possible.

>>55851096
>>55851112
I can't tell but a few projects are trying out account abstraction. Not sure about brillion, but the road's there, even if it's a bit bumpy.

>>55851112
>>55851161
even 2fa app can be connected via Google accounts. Makes it simple

>>55851227
Real talk. Folks who resist big changes won't grasp the deal or the whole innovation vibe. Crypto and blockchain are about dishing out good stuff to folks. New use-cases and features are being developed.

>>55851161
I believe projects that embrace account abstraction are worth considering, as this concept enhances the flexibility of managing assets within a blockchain network.

Bot thread

>>55851227
2fa is not security anon. If an attacker can break any link in the 2FA chain, he can break into your systems.Grow up

>>55850958

Just stating the obvious. We have seen such vulnerabilities before, and the most recent is on the atomic wallet, and I heard the same security framework is what MetaMask utilizes, except there is an additional layer. Many could speculate about account abstraction being the next, but I still doubt the security framework.

>>55851554
Jeet

>>55847472
>CEX trumps DEX in terms of userbase and accessibility.
Obviously. They present themselves as the most noob friendly option by allowing you to straight up buy crypto with fiat, basically. So the way for people to really make the eventual jump from a CEX to a DEX would be by 1) offering an intuitive UI/UX and 2) offering lots of liquidity, showing signs of healthy trading volume. That's literally what the Kinetix team is trying to build on Kava with their own DEX/PEX built-in. Most retards don't even know how to use hot wallets like Metamask so go figure.

>>55851033
You might want to believe this, but I doubt it. Just so you know, nothing is safe.
RocketSwap, the second-largest decentralized exchange by trading volume on Base, was hacked for around $866,500 due to a private key compromise from their online servers.
DEX, wallet, CEX, and dApp are not safe.

>>55848696
CEX volume is 95% fake.
t. insider

>>55851626
>>55851646
There is nothing safe and secure

>>55851626
It's crucial for users to stay vigilant and prioritize their security. I'm wondering what could be the way out.

>>55851417
Yup, I've heard of AA too. If that private key and seed phrase slip through your fingers, there's no getting them back.
The assets they guard? Frozen forever. Account abstraction rides in to rescue. It's the solution that makes your assets safer by using smart contracts to handle them and make transactions airtight.

>>55851581
choose to accept the facts or not, it's possible that Vitalik might find this type of wallet intriguing. I remain skeptical about its security structure. Many of them rely on a centralized hierarchy for logging in and account recovery, I believe this undermines the very essence of DeFi

>>55851667
You got that right. I seem not to get the hype around account abstraction types of wallets lately. Still the same principle, with a little bit of enhancement in user experience.

>>55852126
What would you do differently to enhance the security structure of the wallet? seeing as the recovery is linked with social accounts and a centralized hierarchy? I for one think its an improvement to the pass phrase access system.

>>55852126
Centralised? You're missing the point there. The smart contract holds your assets and authorizes transactions. This smart contract operates on the blockchain, which is inherently decentralized. No single central authority controls these transactions or your assets.

>>55852514
>I for one think its an improvement to the pass phrase access system.
The essence, I believe, is to make it more intuitive, and most wallets that use seed phrases already do so. If anyone can't keep these seeds safe, then DeFi isn't for you. I still stick with the established one in DeFi.
>>55852514
>What would you do differently to enhance the security structure of the wallet?


Are you a dev? I can suggest from my little experience if you want.

>>55847472
Not your keys, not your money, Faggot. Think twice, d*ck head.

>>55849687
Do you live under the hills? Account Abstraction is the way of the future, Jeet.

>>55847472
I moved all my CYMi from Cex for a reason. It's best in my CryptMI app so I can use it for payment of bills anytime.

>>55849845
What if I forget my key phrase, Anon? NexeraID's supported wallet is my go-to, little br@t.

>>55847472
Usability, maybe. I like the ability to have my blackswan instance using a well-maintained API to auto-execute my trades

>>55850457
kek, I'll only consider an Alliance Block accredited wallet that allows social login without needing the use of a private key.

>>55850546
Anon, I don't trust CEX. I'm taking part in the beta test of a DUA-based wallet, which I may use once it goes live. Get this in to your head, Jeet.

>>55851005
Privacy equals liberty in the digital age, newfag.It comes to the point where Anons will be allowed to freeze a compromised account.

>>55850546
>DEX is crucial for privacy
>where every trade is publicly recorded

>>55852565
Based, Anon. This demonstrates the practical applications of smart contract wallets across a wide range of functionality.

>>55852784
>If anyone can't keep these seeds safe, then DeFi isn't for you.

Well, like you would know most people lose their phrases through unseen circumstance and its sad that all assets would be lost for good. I think the ID recovery system is a solution to that and can be amplified for more security.

> I can suggest from my little experience if you want.

I'm not a dev but I'm open to your thoughts.

>>55852514
NexeraID solutions are well-known for their compliance and asset recovery capabilities. Don't stay in the dark, noob.

>>55853130
Based chad, I read Brillion would be implementing this for users alongside military grade security

>>55853224
Case by case

>>55847472
Every time I've tried to use a DEX I had to pay like a $20 fee for every trade. Unless DEX's can become competitive with CEX's and have like 0.2% fees, they will never gain mass adoption.

>>55854048
Now you know it

>>55852860
You're right anon, more reason why the importance of self custody of assets can't be overemphasized. Just get a secure wallet and lock your crypto.

>>55851417
Railgun embraces account abstraction and allows anons to dive into DeFi incognito.

>>55853131
Way better than CEX. Identity remains unknown, unlike CEX. You can only see the trade, not the person.

>>55853094
No one trusts CEX. The fiasco with FTX should highlight why DEX is much preferable to use.

>>55855719
It's not about that.

>>55852956
The recovery feature through social accounts caught my interest anon. But how would they curtail media account hacks to compromise wallets? Would there be like a 2FA?

>>55847472
I only use CEX for crypto<->fiat and keep
my crypto on my own wallets.

>using a DEX when ETH and BTC transactions ccost so much
Lmao. DEX's won't get anywhere while we're chained by BTC and ETH holding back the entirety of defi.

>>55847472
Good

>>55847472
We all know this, and even crypto payment solutions like CryptMi, Alchemy pay, and others provide crypto payment services that isn't on DEXes

>>55856103
As it should be anon, not your keys not your crypto. Nothing beats holding assets in a self-sovereign wallet, retards and CEX maxis would seethe.

>>55856475
Most retards won't still see this.

>>55847472
Lol

>>55856603
CryptMi services are better because of its zero fees on all transactions

>>55847829
Safety always comes first in my dictionary anon. More reason I'm anticipating the versatile features of the Nexera ID wallet.

>>55857548

>>55853246
Doesn't being compliant mean its centralized.

>>55853055
You have a valid point anon, having the ability to freeze your assets when you see signs of compromise is also a major highlight for users.

>>55847472
That's wrong. CEX trumps dex in terms of 0% fee. Name any DEX with 0% fee, I'll wait.

>>55847472
Wat brillion? Hmff

don't DEX have some shit 8% "slippage" fee,, fuck that shit 8% hit on every trade baka

>>55859472
Where?

>>55847818
not going to happen
you can have your crypto ideals there are still going to be people that prefer the efficiency and simplicity of a centralized trading platform

>>55859824
Most people do but as an oldfag, I prefer DEX and more are coming that most people are not seeing. For Arbitrum I often use Camelot and somethings I use AllianceBlock DEX

>>55847472
You're all going to zero. Mark my word

>>55860029
You sure?

>>55855141
Social login is a game changer, Fag. It allow oldfag like me to create a wallet and sign in with my favorite socials.

>>55855719
Account Abstraction is a way to go, Fag. It enable total control of asset, privacy and ID. Don't live under the hills.

>>55855921
That badass will allow Pajeet to freeze a compromised account and has ability to require 2FA for any transactions above $50.

>>55861737
Tell me

>>55861737
>zigger pic
>ESL-tier post
>paid shill
Laugh at this faggot, everyone

>>55861737
Privacy IDs are going to rock for sure. Polygon and NexeraID are my favourite.