4 ms·

Oh cool so a centralized payment system except stupid complicated. Sounds like another winning crypto invention to me.

• sebzim4500 5y ago
  Not sure about the others but Solana is not centralized.
  • rglullis 5y ago
    How much does it cost to run a node? Strictu sensu, it is "decentralized". In practice, it has all the disadvantages of blockchains and none of the advantages of the traditional banking networks.
    • TrapLord_Rhodo 5y ago
      it's profitable.
      • rglullis 5y ago
        Owning a bank also is. Your point?
        • TrapLord_Rhodo 5y ago
          I can't open a bank, but i can run a node.
• TrapLord_Rhodo 5y ago
  Low Trade Fees, cross-colatorilization, instantanious and algorithmic liquidation. imagine i wanted to buy Tesla. I have no money but i do have GM Stock. This allows mee to trade GM directly for Tesla stock with no actual trade fee, because the trade never occurs until i pull all my money out out of the pool. So i am exposed to the asset without having to do the centralized exchange way of selling the asset (Incurring trade fee) buying usd. selling USD for the next asset (Incurring a trade fee) then eventually selling it back to USD when i want to utilize that asset.(Incurring a trade fee). So, like i explained before it is a much more efficient mechanism of trading any asset. Since trading is literally the bedrock of civilization and effective capital allocation through trading is what drives prosperity, creating a more efficient trading algorithmn in crypto is one of the finest achievement of our generation even though most haven't undeerstood it's significance yet. The soverign individual was a good book for me to recognize the need for crypto in the world.
  • deleted 5y ago
    [deleted]