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There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. Thats the commerce, a lot of it is high speed. Bridges are

There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. Thats the commerce, a lot of it is high speed. Bridges are the technologies that move assets between blockchains, so because there are trillions of dollars of assets in this ecosystem already, they dont rely on the exchanges to move fiat in and out anymore, they rely on the bridges to move other assets to other blockchains. There usually is a service fee to the bridge operator. It is lucrative. > riddles? I’m not here to explain, I’m just using the terms as they are. If people are stuck in 2017 or earlier with their older skeptics arguments, then they wont try to learn and just be more and more confused as the space keeps evolving, not my problem.

qeternity 5y ago
> There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. I’ve seen you post about crypto many times before, and you obviously have a large bag. But all of the trading you’re talking about is of crypto, the very thing we’re trying to establish what the usecase is. There are no products outside of crypto, and building a bridge/exchange/marketplace for assets does not automatically confer value to either the assets or the venue.
- vmception 5y ago
  > But all of the trading you’re talking about is of crypto, the very thing we’re trying to establish what the usecase is Or just look at the market needs, build the bridge, and collect a toll from everyone using it. Your standard is "I can't tell why people are using the bridge and they might stop, so therefore its a fools errand to build the bridge for income", "also income built from other people's speculation is not a use case, and my participating for income at all is also speculative so therefore I can't take it seriously" With that kind of standard, you'll never reach a reconcilable conclusion, while continuing to miss all opportunities. Its an impossibly high standard when the same questions apply to every SaaS product or physical world commerce too. The whole world is built on consumption and speculation, and when the variables change everyone stops commuting over any particular bridge. if you want dollars, get passive income from a product you built for that market niche, and convert your income to dollars. if you make anything that's used, then you've made a minor improvement for people in the space, which is good enough.
  - qeternity 5y ago
    I’m a trader by profession, so fulfilling a market need because it exists for whatever reason isn’t something I struggle with. These threads aren’t about whether or not there is demand for the things you mention. Nobody disputes that. The discussion is more nuanced about scale and longevity and that demand.
    - vmception 5y ago
      Its an emerging market that its participants are optimistic about. Nobody knows the answer they just try to get a piece of a growing pie. The time to market is hours, instead of months/years, for the same or greater monetization, and thats all there is to it. If you’re waiting for the consensus on which quantitative analysis to use to justify your participation, then you’ll miss it. Given the superior paths to monetization and liquidity, and the shorter lifecycle from inception to market, than everything else digital or software related, its easy for many people to just conclude that its not worth debating about and just act.
      - lottin 5y ago
        You're telling people not to think, not to analyse, and to impulsively throw money into something, just because it's there. This is terrible advice. You're not helping anyone with that kind of advice.
        vmception 5y ago
        More so time, than money, if you read the thread again I’m talking about deploying software in this style of platform
lottin 5y ago
> There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. Thats the commerce, a lot of it is high speed. No, that's not commerce. Trading, borrowing, arbitraging, building and releasing new products, marketplaces is not commerce. Commerce is the exchange of goods and services.
- vmception 5y ago
  okay then the SaaS and gaming and merchandise used in the games I don't care which phrase you use, a lot of it is happening and even centralized-ish chains don't block any of it, and would be too slow to even if they were compelled to that was the point, not the semantics

qeternity 5y ago

> There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. I’ve seen you post about crypto many times before, and you obviously have a large bag. But all of the trading you’re talking about is of crypto, the very thing we’re trying to establish what the usecase is. There are no products outside of crypto, and building a bridge/exchange/marketplace for assets does not automatically confer value to either the assets or the venue.

vmception 5y ago
> But all of the trading you’re talking about is of crypto, the very thing we’re trying to establish what the usecase is Or just look at the market needs, build the bridge, and collect a toll from everyone using it. Your standard is "I can't tell why people are using the bridge and they might stop, so therefore its a fools errand to build the bridge for income", "also income built from other people's speculation is not a use case, and my participating for income at all is also speculative so therefore I can't take it seriously" With that kind of standard, you'll never reach a reconcilable conclusion, while continuing to miss all opportunities. Its an impossibly high standard when the same questions apply to every SaaS product or physical world commerce too. The whole world is built on consumption and speculation, and when the variables change everyone stops commuting over any particular bridge. if you want dollars, get passive income from a product you built for that market niche, and convert your income to dollars. if you make anything that's used, then you've made a minor improvement for people in the space, which is good enough.
- qeternity 5y ago
  I’m a trader by profession, so fulfilling a market need because it exists for whatever reason isn’t something I struggle with. These threads aren’t about whether or not there is demand for the things you mention. Nobody disputes that. The discussion is more nuanced about scale and longevity and that demand.
  - vmception 5y ago
    Its an emerging market that its participants are optimistic about. Nobody knows the answer they just try to get a piece of a growing pie. The time to market is hours, instead of months/years, for the same or greater monetization, and thats all there is to it. If you’re waiting for the consensus on which quantitative analysis to use to justify your participation, then you’ll miss it. Given the superior paths to monetization and liquidity, and the shorter lifecycle from inception to market, than everything else digital or software related, its easy for many people to just conclude that its not worth debating about and just act.
    - lottin 5y ago
      You're telling people not to think, not to analyse, and to impulsively throw money into something, just because it's there. This is terrible advice. You're not helping anyone with that kind of advice.
      - vmception 5y ago
        More so time, than money, if you read the thread again I’m talking about deploying software in this style of platform

lottin 5y ago

> There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. Thats the commerce, a lot of it is high speed. No, that's not commerce. Trading, borrowing, arbitraging, building and releasing new products, marketplaces is not commerce. Commerce is the exchange of goods and services.

vmception 5y ago
okay then the SaaS and gaming and merchandise used in the games I don't care which phrase you use, a lot of it is happening and even centralized-ish chains don't block any of it, and would be too slow to even if they were compelled to that was the point, not the semantics