4 ms·

hmmm. this seems wildly unneccessary. derivatives are complicated finacial products, why do they need to be introduced into an ecosystsm that is complex by itse

hmmm. this seems wildly unneccessary. derivatives are complicated finacial products, why do they need to be introduced into an ecosystsm that is complex by itself. also, on mobile (presumably also on the web) it just says derivatives built on ethereum and a link to the white paper. no idea what this does/use case. might be wise to put up a but more info.

wildchild 10y ago
No need to explain, just yet another scam on top of bigger scam called Ethereum.
- mring33621 10y ago
  Maybe you're being downvoted for your blunt pessimism, but I think this is the most likely endgame. Complicated old ideas on complicated new technology by untrusted and unknown entities. What could go wrong?
  - ajkjk 10y ago
    Downvoted for the lack of substantiation to the pessimism, I believe.
  - em3rgent0rdr 10y ago
    Someone should invent a blockchain to handle the risk associated with that :p
miscellaneous 10y ago
> a link to the white paper. no idea what this does/use case From the white paper: "Velocity is an automated system for hedging risk on asset prices. It allows anyone to establish and participate in a marketplace on publicly accessible price feeds. The platform enables hedgers and speculators to take part in a market that reduces the threat of systemic risk." Hedging against exposure to fluctuations in asset prices is very useful and necessary to many businesses.
- vonklaus 10y ago
  right. not to be unkind but i follow ethereum and i dont have time to read every whitepaper that comes out. unless there is a good website that explains how and why, it doesn't matter what the technical details are. i skimmed the whitepaper before i even posted, its just that when twitter/facebook ect launched or even simple bank or wealth front for something fintech they weren't: * send text to internet, read whitepaper. * banking, read the whitepaper * easier investing, wp they explained what they did, which was not only obvious because they were way more traditional, but neccessary. so i don't care about another derivatives play in the space that didn't put a what we do section in edit: if i have to read your whitepaper to figure out why i would use your product you lost. every blockchain company releases a whitepaper, but they need to build community and security. id think it was astroturfing/sabotage if not for the 1990s

wildchild 10y ago

No need to explain, just yet another scam on top of bigger scam called Ethereum.

mring33621 10y ago
Maybe you're being downvoted for your blunt pessimism, but I think this is the most likely endgame. Complicated old ideas on complicated new technology by untrusted and unknown entities. What could go wrong?
- ajkjk 10y ago
  Downvoted for the lack of substantiation to the pessimism, I believe.
- em3rgent0rdr 10y ago
  Someone should invent a blockchain to handle the risk associated with that :p

miscellaneous 10y ago

> a link to the white paper. no idea what this does/use case From the white paper: "Velocity is an automated system for hedging risk on asset prices. It allows anyone to establish and participate in a marketplace on publicly accessible price feeds. The platform enables hedgers and speculators to take part in a market that reduces the threat of systemic risk." Hedging against exposure to fluctuations in asset prices is very useful and necessary to many businesses.

vonklaus 10y ago
right. not to be unkind but i follow ethereum and i dont have time to read every whitepaper that comes out. unless there is a good website that explains how and why, it doesn't matter what the technical details are. i skimmed the whitepaper before i even posted, its just that when twitter/facebook ect launched or even simple bank or wealth front for something fintech they weren't: * send text to internet, read whitepaper. * banking, read the whitepaper * easier investing, wp they explained what they did, which was not only obvious because they were way more traditional, but neccessary. so i don't care about another derivatives play in the space that didn't put a what we do section in edit: if i have to read your whitepaper to figure out why i would use your product you lost. every blockchain company releases a whitepaper, but they need to build community and security. id think it was astroturfing/sabotage if not for the 1990s