> On a DEX you can't even know if the person on the other end is a real person o... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

tl_donson on Nov 11, 2022 | parent | context | favorite | on: FTX tapped into customer accounts to fund risky be...

> On a DEX you can't even know if the person on the other end is a real person or not without going outside the chain.

why does it matter if the counterparty is a human?

LeafGuild on Nov 11, 2022 [–]

If I'm trying to arrange a trade on the exchange so I can get a pizza for my dogecoins, because the pizza guy says he only wants BCH and not dogecoins, and I would rather not pay double transaction fees just to buy a pizza, how do I know the other person is a real pizza chef and not a bot trying to scam me?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact