4 ms·
> 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 allow
by 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 agoright. 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