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AMMs - are a shitty way to work around blockchain limitations. They would have never gotten any steam if transactions were fast and cheap enough to run an order
by tick_tock_tick 4y ago
AMMs - are a shitty way to work around blockchain limitations. They would have never gotten any steam if transactions were fast and cheap enough to run an order book.
algorithmic stablecoins - great way to lose all your money
DAOs - Just direct democracy but without constitutional protects and switching from one human = one vote to one $ = one vote. Interesting in terms of seeing how a libertarian hyper-capitalism future would play out but not something I'd like to see in real life.
- NovemberWhiskey 4y ago>DAOs - Just direct democracy but without constitutional protects and switching from one human = one vote to one $ = one vote. Interesting in terms of seeing how a libertarian hyper-capitalism future would play out but not something I'd like to see in real life. Especially where the DAO decides to renege on previous commitments and/or expropriate the assets of a participant. e.g. https://realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5VKxPMnXJUZ1Hn/proposal/HuaL6cDtuNtfnJgvwMnYiZDHVCoLAuDtVFgJD8kYChJ4 https://realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5VKxP... https://twitter.com/itstimconnors/status/1536734104422522881 https://twitter.com/itstimconnors/status/1536734104422522881
- DennisP 4y agoI don't see what's fundamentally better about an order book. You still get price slippage, as you eat up the orders.