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Think more broadly about what an "exchange" could be. You're thinking crypto forex, but consider a crypto-kitty bidding platform or a virtual game item marketpl

Think more broadly about what an "exchange" could be. You're thinking crypto forex, but consider a crypto-kitty bidding platform or a virtual game item marketplace.

Legogris 7y ago
Or market for insurance policies. Or bonds. Or stocks. Regulation is clearing up and there are many biting at the bit for this. The disruption of financial markets may not happen tomorrow, but once it does it will go fast in each market. If there are more efficient venues, competitive market participants will start moving once they realize that they will be at a competitive disadvantage if they don't. When I say efficiency, I am not talking in technical terms and not necessarily on the kind of environments we see on public permissionless chains. So let's keep transaction finality and computational efficiency out of scope for a moment. Think of chains as subnets on the internet. The gaps will be bridged to allow seamless transfers between them. I've been wrong before but to me this is bound to happen. How many businesses in competitive areas have fax as a preferred method of communication today? Don't take what I'm saying as an argument in favor of buying ZRX tokens. I do think it's a cool project, albeit IMO could have done better without the utility token as an inherent component. But that's more about the business model than the tech. It will probably be another boom and bust before we see the leading protocols emerging.
- arcticbull 7y ago
  > Regulation is clearing up and there are many biting at the bit for this. In what way is regulation actively harming your ability to purchase shares of a legitimate operating business without overextending yourself financially? Please be specific.
  - Legogris 7y ago
    By "clearing up" I mean that we are starting to see how regulation is being applied, not that it is being relaxed. I actually don't see how your question relates to what I wrote at all..? Sorry, English not native language etc. Please clarify if I wooshed. To clarify, many, especially investors, bigger businesses and financial institutions have been cautious because of regulatory uncertainty. There's still ways to go, but it's happening. The sky is far from blue but the wind is blowing, so to say.
  - jsloss 7y ago
    The ability to compensate someone who is creating value in a network with ownership of said network (eg giving an early uber driver, or Airbnb host, options or equity.) this is currently not possible to do in the US, but is possible with crypto networks.
- deleted 7y ago
  [deleted]
- briatx 7y ago
  > How many businesses in competitive areas have fax as a preferred method of communication today? Oh just large legal and healthcare companies[1]. [1] https://www.popsci.com/why-fax-machines-still-exist https://www.popsci.com/why-fax-machines-still-exist
banachtarski 7y ago
I'm thinking a database.
- v64 7y ago
  If you're willing to trust the entity holding your assets, then a database will suffice. The non-custodial features of 0x enable exchange without reliance on third parties.
  - nosuchthing 7y ago
    The reliance on the severely distorted plutocratic ownership of 0x, Ethereum, and most of the cryptocoin supplies is a huge risk factor that is often conveniently swept under the rug. By building on 0x, or other cryptocoin software it's essential to be aware of the elephants/whales in the "economy" of cryptocoins and tokens.
    - v64 7y ago
      Agreed, especially with respect to Ethereum's governance. The ETC/ETH fork is still fresh in many peoples' minds.
      - arcticbull 7y ago
        Yeah that was brutal; the definition of oh, you lost a few thousand dollars? That sucks ETH transactions are irreversible. Now I lost a few hundred million so all of a sudden it’s reversible, no harm no foul -- and most importantly, no lessons were learned that day.
  - banachtarski 7y ago
    Yea I mean, if we're going to go down the hole of "cryptokitties" and other asset exchange, let's be honest, we're reliant on a third party to create the value in the first place already.
    - rickycook 7y ago

Think more broadly about what an "exchange" could be. You're thinking crypto forex, but consider a crypto-kitty bidding platform or a virtual game item marketplace.

Legogris 7y ago

Or market for insurance policies. Or bonds. Or stocks. Regulation is clearing up and there are many biting at the bit for this. The disruption of financial markets may not happen tomorrow, but once it does it will go fast in each market. If there are more efficient venues, competitive market participants will start moving once they realize that they will be at a competitive disadvantage if they don't. When I say efficiency, I am not talking in technical terms and not necessarily on the kind of environments we see on public permissionless chains. So let's keep transaction finality and computational efficiency out of scope for a moment. Think of chains as subnets on the internet. The gaps will be bridged to allow seamless transfers between them. I've been wrong before but to me this is bound to happen. How many businesses in competitive areas have fax as a preferred method of communication today? Don't take what I'm saying as an argument in favor of buying ZRX tokens. I do think it's a cool project, albeit IMO could have done better without the utility token as an inherent component. But that's more about the business model than the tech. It will probably be another boom and bust before we see the leading protocols emerging.

arcticbull 7y ago
> Regulation is clearing up and there are many biting at the bit for this. In what way is regulation actively harming your ability to purchase shares of a legitimate operating business without overextending yourself financially? Please be specific.
- Legogris 7y ago
  By "clearing up" I mean that we are starting to see how regulation is being applied, not that it is being relaxed. I actually don't see how your question relates to what I wrote at all..? Sorry, English not native language etc. Please clarify if I wooshed. To clarify, many, especially investors, bigger businesses and financial institutions have been cautious because of regulatory uncertainty. There's still ways to go, but it's happening. The sky is far from blue but the wind is blowing, so to say.
- jsloss 7y ago
  The ability to compensate someone who is creating value in a network with ownership of said network (eg giving an early uber driver, or Airbnb host, options or equity.) this is currently not possible to do in the US, but is possible with crypto networks.
deleted 7y ago
[deleted]
briatx 7y ago
> How many businesses in competitive areas have fax as a preferred method of communication today? Oh just large legal and healthcare companies[1]. [1] https://www.popsci.com/why-fax-machines-still-exist https://www.popsci.com/why-fax-machines-still-exist

banachtarski 7y ago

I'm thinking a database.

v64 7y ago
If you're willing to trust the entity holding your assets, then a database will suffice. The non-custodial features of 0x enable exchange without reliance on third parties.
- nosuchthing 7y ago
  The reliance on the severely distorted plutocratic ownership of 0x, Ethereum, and most of the cryptocoin supplies is a huge risk factor that is often conveniently swept under the rug. By building on 0x, or other cryptocoin software it's essential to be aware of the elephants/whales in the "economy" of cryptocoins and tokens.
  - v64 7y ago
    Agreed, especially with respect to Ethereum's governance. The ETC/ETH fork is still fresh in many peoples' minds.
    - arcticbull 7y ago
      Yeah that was brutal; the definition of oh, you lost a few thousand dollars? That sucks ETH transactions are irreversible. Now I lost a few hundred million so all of a sudden it’s reversible, no harm no foul -- and most importantly, no lessons were learned that day.
- banachtarski 7y ago
  Yea I mean, if we're going to go down the hole of "cryptokitties" and other asset exchange, let's be honest, we're reliant on a third party to create the value in the first place already.
  - rickycook 7y ago