meeting today
investor: @binance will be the only exchange and will own the world!
me, also an investor: wow. um... why are you even investing in crypto companies? the whole point is to minimize intermediaries and make it impossible for this to happen.
am i taking crazy pills?
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This may not be feasible for serious trading. As crypto goes mainstream most execution will likely be algorithmic, where key advantage is co-location. No matter how sophisticated consensus mechanisms, latency due to synchronisation across distributed network will be limitation.
What value does this "serious trading" add to the Bitcoin space? A slight improvement to market making / liquidity at best? Very likely dwarfed by the risks of centralization. Such "serious traders" already have $trillions worth of centrally digitized assets to play with.
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ding ding ding - this is the correct answer
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Block DX is a fully decentralized exchange built on
@The_Blocknet protocol which allows for atomic swaps from your own full node today A decentralized SPV lite wallet using@XRouterProtocol also in the works Crypto banks’ days are numberedhttps://twitter.com/melt_dem/status/1171109530849218560?s=21 …remove exchanges entirely and access order books while keeping coins in a wallet only *you* hold keys to
maybe i'm crazy, but this is going to happen in the next two to three years and it's going to be NUTS
will take time to adopt, but #reckless people will be all about it -
Some more background on a trust minimizing decentralized exchange:https://twitter.com/blockdxexchange/status/1155912603480338433?s=21 …
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Is there a way to have a look at the trades and see if the liquidity is there, before installing that software?
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You can view open orders and market history on this community member’s site: https://blockdx.co/orders Are you looking for a particular coin?
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That's why it's so difficult to create an atomic swap exchange, that would be actually workingpic.twitter.com/1WJzUC4fjz
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What is your definition of “actually working” If you want to know whether it works you could read the code/whitepaper or even try it for yourself It is the only completely trust minimized exchange. Arguably every other exchange is not working.
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Total trading volume is $460,000 It is fully compatible with trading bots and some already been operating. You can see Litecoin has more than 40,000+ trades
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I agree with you that there may be minimal value in HFT. But ultimately success in most markets is driven by speed of execution. So if there is value to be extracted through speed, and a subset of traders exploit this, then the market will inevitably tend to that.
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Then that subset of traders who benefit from microseconds can stay on the high-speed centralized markets; those who prize their security and safety more can go for the decentralized markets. YMMV.
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As I noted in my original post, that’s what will likely happen. One will not exclude other. Chances are most market pricing will be driven by centralised exchanges, but decentralised one’s will likely tend to similar pricing as arbitrage opportunities are closed.
End of conversation
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Liquidity is one of the important properties that amplifies Bitcoin's network effect. At least in the near future, liquidity will stay on centralized custodial services.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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