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> you can instantly convert to any number of other cryptocurrencies Assuming someone has built an "instant" method of exchange, and that it is always available
by stanleydrew 9y ago
> you can instantly convert to any number of other cryptocurrencies
Assuming someone has built an "instant" method of exchange, and that it is always available, then I guess this is true.
- jraines 9y agoIf you mean you don't count existing exchanges, which is fair, there are decentralized exchanges coming very soon (0xproject.com among others) as well as atomic swaps: https://twitter.com/SatoshiLite/status/910534107058233344 https://twitter.com/SatoshiLite/status/910534107058233344
- stanleydrew 9y agoInteresting, thanks for the links. I did indeed mean that I don't count existing exchanges, but will need to investigate the decentralized concept.
- stormbrew 9y agoI mean, even if good exchanges exist they can never really guarantee instantaneous transfer from one to another because there's really no way to guarantee demand for a cryptocurrency. Hundreds of them have cropped up that you probably couldn't pay someone to take now, and a rush on one of the big ones isn't even inconceivable.
- jraines 9y agoThe failure of, say, the Bolivar does not disprove the value of some other currency. But yeah, I guess if you're the last guy trying to get out of e-Bolivars you're pretty screwed.