All the exchanges were initially off the blockchain, centralised, and Bitcoin was and still is the main coin on the exchanges.
There is only one problem...etherdelta is running very slow. I believe that this will be solved soon, and I will tell you even why I believe that. This is not the exchange problem, it is a problem visible on all cryptocoins.
Unfortunately when cryptocoins were initially released the creators set them to "auto adjust" the mining difficulty
to the number of miners, but did not set them to adjust the algorithm with the demand of transactions. That is when mining why we end up with a lot of computing power used for NOTHING, just to PROOF you WORK, and slow transactions. You can PROOF you WORK also by processing more transactions and less WORK for NOTHING. I really hope ETH metropolis update will solve that, and then it will get much faster....faster transactions, faster "on the blockchain" exchanges....etc
This competition between BTC centralised exchanges and "etherdelta kind of " exchanges makes me remember the fight over filesharing between DC++ and TORRENT. They found the weak link in the chain...the DC++ servers, and they killed (regulated :) ) it. DC++ servers == bittrex+polo+cryptopia......you see the analogy.
If things go this way Bitcoin will loose the exchange market.
They have a few hard forks ahead and they can make this changes with the forks.
The community seems to be united and agree.
Contrary to what happen to BTC with the BCC split. ( some wanted segwit, others wanted bigger block. Still don't understand why they did not implement them both..... and it looks like some wanted to runaway with a slice of the pie .... that is the real reason).
A. What has this to do with ETH? Eth needed financial and logistic support, they probably received a big slice of the pie for this from people who have a lot of ETH. And it is only logic. For example I think Vitalik is more than pleased to own let' say half of the ETH he had at 300-400$/eth than all the ETH he had at 10-20$/ETH.
B. What has being a scammer....cheater....to do with their ability to go for the best opportunity and make money?
If BTC was a better opportunity I think they would have putted their money and effort in BTC. I say again, they do not own ETH, they just got a big slice of eth for their support. NOBODY owns ETH, Vitalik does not own ETH....once released it is DECENTRALISED!!! The rules in the blockchain can not be modified nor by Vitalik or J P Morgan without the community agreement.
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