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> I'm afraid I don't trust any of the numbers You don’t have to. That’s the point. It’s a trustless infrastructure, with public data that anybody can audit. Th
by xk_id 3y ago
> I'm afraid I don't trust any of the numbers
You don’t have to. That’s the point. It’s a trustless infrastructure, with public data that anybody can audit. There are countless independent services that are reporting the same numbers, from querying the blockchain data.
- grey-area 3y agoUhm, no, the pricing is mostly provided by exchanges which have been found guilty of wash trades, money printing, front running and every crime in the financial playbook, and most definitely are not audited. So while the blockchains provide public records of transactions, the prices are not set by the blockchains and participants are anonymous enough to be difficult to track.
- everfree 3y agoThe smart-contract exchanges agree on the same prices too, though. They can't lie, because the entire exchange is public record on the blockchain. Uniswap, Cowswap, Kyber, Balancer, they all agree.