4 ms·
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
by 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]