I was asked why I added PDC now to UniSwap after anyone could have added it earlier. I don’t want to sell my PDC. Obviously no one else wanted to sell, otherwise they would add it before me (it is not complicated and takes less than 5 minutes)
We have a very bad history with the exchanges:
MasterXchange - closed, how much MAID remained there? Unknown (do you remember that we paid them 150 MAID withdraw fee?)
Cryptopia - hacked, how much MAID was stolen there? Unknown (I lost “only” a few thousand…)
Bitker - stole MAID from the MaidSafe company, how much? Unknown
Poloniex - delist MAID, how much MAID remained there? Over 10 000 000 MAID! (and let’s not forget before that they changed the fees from 10 MAID to 80 MAID!)
The normal thing, the responsible thing is that we as a community support and use DEXs. It’s anonymous. It’s cheaper. It’s safer. That’s the SAFE way!
Therefore, I urge the community not to allow the same thing to happen again. Even if an exchange is controlled by good people at the moment, let us not forget that exchanges are business first and not public utilities. If the business is successful, bigger business comes and buys it. If the business is not successful, they close and not everyone manages to pull their money back. Even if the fees are low today, tomorrow they may be higher.
Let’s not allow power to be concentrated in one place! We have an alternative. It is not 2014 anymore… DeFi is here! #safePDC #BeTheExchange #UniSwapPDC
So UniSwap IS public utility. There is NO counterparties who get enriched. IF you add liquidity You are the exchange, you TAKE all the fees.
UniSwap can NOT:
- be closed
- be hacked
stole your PDC