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0x – A Protocol for Trading Tokens
- CryptoPunk 9y agoA subreddit has also been created for publishing OTC offers: https://www.reddit.com/r/tokentrade/ https://www.reddit.com/r/tokentrade/
- atomical 9y agoI think the security risk of centralized exchanges is overblown. If you only transfer tokens to an exchange when you want to sell them your risk is pretty low. Plus, most exchanges have most of their coins in cold storage (kind of like a bank doesn't keep all the cash at one branch). Plus, if you're interested in actively trading coins centralized exchanges have the best liquidity. It takes seconds to execute your order. Decentralized exchanges mostly function as a tax dodge. Imagine all the early bitcoiners who got in before the gold rush, reinvested profits into ICO's, and have never paid one cent in capital gains.
- deweller 9y agoThe risk of centralized exchanges are a real problem. See https://magoo.github.io/Blockchain-Graveyard/ https://magoo.github.io/Blockchain-Graveyard/. The idea of transferring tokens only when you want to sell them is a nice idea, but it doesn't work in practice for a lot of people. Imagine speculating in 30 different alt coins. It is just too much work to run wallets for each coin. So people keep them in an exchange. Also, people may want a lot of open orders. Successful investors can accumulate a lot of value in an exchange quickly. 0x doesn't solve the alt-coin problem but encouraging people to hold their own ethereum tokens is a start.
- thinbeige 9y agoMay I ask if you are invested in 0x?
- wmf 9y agoRecent analysis: http://hackingdistributed.com/2017/08/13/cost-of-decent/ http://hackingdistributed.com/2017/08/13/cost-of-decent/
- jraines 9y agoIf you build such an arbitrage bot why on Earth would you write it up and complain about being too poor to run it rather than running, not walking, to beg or borrow the capital to run it to its full potential? Then you can still write it up and get your academic props
- mmanfrin 9y agoWhat differentiates this from Stellar or Ripple?
- jeremyt 9y agoIt doesn't transport money, it trades tokens.
- jc__ 9y agoYou can buy ZRX (0x) token on the market already, been going up the past few days: https://liqui.io/#/exchange/ZRX_ETH https://liqui.io/#/exchange/ZRX_ETH
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- hepolz 9y agoI'm just getting a blank page for https://0xproject.com/ https://0xproject.com/. The browser error console reports: SyntaxError: missing ; before statement bundle.js?v=1 (line 1, col 1475769)
- wslh 9y agoBut you cannot do HFT or fast trading with a descentralize exchange, this is a con.
- joosters 9y agoThe website also has its own token, naturally. Because obviously what people really want is to require a completely unrelated token when they try to trade two other ones. Who on earth thought this was a good idea?
- jraines 9y agoOther than a few thousand investors in the ICO, the leaders of the projects who are building on it, the market participants so far, and the most respected fund in the space? No one, really.
- cyphar 9y agoJust because self-proclaimed experts involved in this whole unregulated ICO insanity think something is a good idea doesn't necessarily make it a good idea.
- jraines 9y agoWhat's your distinction between a "self-proclaimed expert" and people building actual products on a technology and/or people who have already banked piles of money in the space? I'm not trying to convince anyone that the space isn't a bubble or that putting money in any project isn't risky -- but I think it's incredibly stupid to think that all people building products on it are all fools and investors who've already made huge returns are exclusively the beneficiaries of luck.
- cyphar 9y agoThey're self-proclaimed in the sense that the value of the whole field is entirely questionable, and has mostly been defined by those same people. Aside from the securities fraud concerns, the whole thing just smells like either a pyramid scheme or money laundering. Especially ICOs where the value of the coin being offered are based on sketchy whitepapers or questionable implementations. But hey, maybe I'm "incredibly stupid" to think that raising many multiple millions of dollars for currencies that are either useless at launch or have no value outside of the money raised through hype is sketchy, and that people who claim to be experts in this field are experts at selling things of questionable value.
- fervorarc 9y agoIf you bought ZRX after reading this post, you would have 2x any money you had put in. Food for thought. Absolutely Ludicrous.
- swiley 9y agoThere probably should be a rule against promoting crypto currencies as your first and only comment.
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- xer 9y agoOnly problem is that you need to install a Browser Extension, much bigger problem is that browsers are not secure.
- jspdown 9y agoToday I sold Ether token for Augur reputation token just to give it a try via the OTC Dapp. No middleman, cost me almost nothing, it was a great! There's a lot of potential in this technology IMO
- whatnotests 9y agoBrilliant idea. Wish I would have thought of it myself!
- CloudYeller 9y agoIt's 1999 all over again, except s/web/blockchain. "Hey everyone! This business uses a block chain! It's going to the moon!"
- thinbeige 9y agoHow to get rich (or daytrading for beginners): 1. Buy ZRX 2. Submit an 0x post to HN and get it upvoted (use 0x and other crypto chats to create ad hoc voting rings but brief the guys to do the upvoting right) 3. Once on the frontpage, go to other chats and exchanges' trollboxes (eg liqui.io) and shout '0x IS ON HN!!!', wait a bit and sell
- loppers92 9y agoWhy isn't OmiseGo listed?
- loppers92 9y agoMmh... I had loading issues
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