Decentralized cryptocurrency exchanges

When we first launched this [Down the Rabbit Hole], it was a suggestion by one of my patrons and they asked, "If you wanted to ask a question of yourself Andreas, what question would you ask? Can you take us down the Rabbit Hole?" And we did it as a little fun topic at first. And now you've been asking for it on the chat; and if I don't do one you miss it! So let's head straight down the Rabbit Hole.

The most decentralized exchange

(mysterious music) In this Rabbit Hole, we're going to talk about one of the most popular decentralized exchanges that no one calls a decentralized exchange, no one thinks of as a decentralized exchange, but is in fact the world's largest most liquid, most efficient, most wide spread and most anonymous decentralized exchange of all.

The labor market

The labor market. Because if you exchange your labor, your products, your services, your crafts, your designs, your art, your web design capability or whatever else that you do, for crypto, you've just engaged in a decentralized exchange of value.

"Earn It" exchange

This decentralized exchange, which I will call "Earn It", is in fact a global market. It exists everywhere. It exists everywhere that two people want to exchange something of value and one of them has crypto. It is completely anonymous, it is peer to peer, it is decentralized, it is borderless, it's neutral. And it's the most censorship resistant mechanism for acquiring cryptocurrency. So next time someone starts talking about decentralized exchange, don't forget, the biggest decentralized exchange, that for millennia has been operated on the most available peer-to-peer decentralized currency, cash, can now be accessed for decentralized exchange of value for cryptocurrency. And that was, Down the Rabbit Hole. (mysterious music) If you enjoyed this video, please subscribe, like and share. All my work is shared for free, so if you want to support it, join me on Patreon.com/aantonop. (upbeat music)