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0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

0x.org

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Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#111

Post by homakov »

dangero wrote: post #102
joosters wrote: post #95

How does this manage to connect the real world to a blockchain? The fundamental problem with the promises of insurance/bonds/stocks/whatever on a blockchain is that it doesn't matter what the blockchain says, people's real-world actions aren't tied to it, so it's not trustless. And so the blockchain part is pointless. Only if all the related elements are all virtual and on the blockchain can it do anything - so we're…

Another related issue is that tokens are bearer instruments controlled by whoever holds the right private keys. Most investments regulated in the US cannot legally be bearer instruments. This means there must be a ledger listing who owns what with real names attached. For public companies they must use a registered transfer agent to keep these ownership records. Private companies can keep their own records, but in mo…

Isn't onchain here a transfer agent? Bearer is more appliable to cash, because it's physical. A token movement is still recorded onchain, i.e. there is a set of transfer agents and consensus among them. It can be tuned to support some regulation.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#112

Post by banachtarski »

v64 wrote: post #88
banachtarski wrote: post #74

Earlier quoted context omitted.

I'm thinking a database.

If you're willing to trust the entity holding your assets, then a database will suffice. The non-custodial features of 0x enable exchange without reliance on third parties.

Yea I mean, if we're going to go down the hole of "cryptokitties" and other asset exchange, let's be honest, we're reliant on a third party to create the value in the first place already.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#114

Post by homakov »

tacosx wrote: post #92
tomhschmidt wrote: post #33

Earlier quoted context omitted.

If you want to list the same assets as everyone else with the same interface in the same markets, then yes, it's hard to compete. However, we see a world of tokenized assets coming online that will need unique markets for exchange. Something like Radar Relay ( https://radarrelay.com/ for ERC-20 commodities) is totally different from Veil ( https://veil.co/ for prediction market shares) is totally different from BoxSw…

I too can madlibs any noun in front of "blockchain" and try to start a pyramid scheme off of it, but the question is why?

There is no answer to this. Blockchain has no market fit, it does not appeal to masses, unfortunately.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#115

Post by arcticbull »

jamespitts wrote: post #35
leoplct wrote: post #17

Why should I launch an exchange when there are already hundreds of existing exchange? As a entrepreneur: Exchange services is very difficult to differentiate. It’s a commodity service. Why should I invest in marketing to promote my new exchange? As a customer: Why should I buy tokens? - Most of existing tokens have not active project behind - Many times the token is useless for the project and it will not increase in…

Answering why is up to you, the builder; differentiation is key to why 0x has created this protocol. "Tokens" can be a special kind of object which can be "exchanged" for other kinds of objects. It is not always about purchasing or swapping; this interaction can solve many different kinds of coordination problems. The exchange can create a context around users interacting via various types of tokens, enabling new kin…

> This could lead to enormous value for users.

In what way? I think that was the parent poster's question. I think it's fair if we're going to be making huge broad-strokes claims we should at least attempt to justify them.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#117

Post by homakov »

arcticbull wrote: post #107
nostrademons wrote: post #75

Earlier quoted context omitted.

I should bookmark this comment and we'll come back to it in 10 years. :-)

If that’d happened 10 years ago, I think they’d have come out feeling pretty good. Nobody uses blockchain for anything of value except speculation and scamming each other today. Maybe this decade will be different but I’m betting it won’t.

I support this bet. Take any other tech from top of HN, in 10 years it will change the society more than crypto.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#118

Post by arcticbull »

homakov wrote: post #117
arcticbull wrote: post #107

Earlier quoted context omitted.

If that’d happened 10 years ago, I think they’d have come out feeling pretty good. Nobody uses blockchain for anything of value except speculation and scamming each other today. Maybe this decade will be different but I’m betting it won’t.

I support this bet. Take any other tech from top of HN, in 10 years it will change the society more than crypto.

Indeed. I bet MySQL will have a bigger impact on society over the next 10 years than crypto will. If anyone wants to take this bet, I suggest stakes lower than the ones John McAffee chose -- he may be one set of genitals short by the end of next year.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#119

Post by [deleted] »

tacosx wrote: post #92
tomhschmidt wrote: post #33

Earlier quoted context omitted.

If you want to list the same assets as everyone else with the same interface in the same markets, then yes, it's hard to compete. However, we see a world of tokenized assets coming online that will need unique markets for exchange. Something like Radar Relay ( https://radarrelay.com/ for ERC-20 commodities) is totally different from Veil ( https://veil.co/ for prediction market shares) is totally different from BoxSw…

I too can madlibs any noun in front of "blockchain" and try to start a pyramid scheme off of it, but the question is why?

[deleted]

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#120

Post by johnmarcus »

tomhschmidt wrote: post #2

Tom from 0x here. Happy to answer any questions about Launch Kit or 0x more broadly!

I think i see what you are doing here while others are missing the point. If there is an open source ui, there is an open source api as well. My do-something-usefull-for-users app isn't going to launch a full exchange - but what I would implement is the api library allowing a user to exchange utility and $$ tokens from one to another while staying in my app.

ergo, the user benefit here is that the user only needs a Coinbase or like account to transfer dollars to tokens, and then the user can obtain other tokens within any particular app. The user doesn't need to sign up to yet-another-exchange-with-my-personal-data-and-who-are-these-people-anyway-and-do-they-have-the-tokens-i-use-etc,etc. Now the user can readily take tokens not in use on one platform and transfer them to a token of another platform, all without leaving the platform specific application. That's a big win for the ecosystem.

I can see why you built the slick ui to demo your product, i think it's the right move because i can use it without a single line of code. I think the next challenge you will have is getting developers to adopt an underlying api client library. If I understand what you are doing correctly, perhaps build that client library in js to be used in react and a demo app that has reduced exchange funcationality for quickly swapping two tokens. it should look as simple as the interface for sending tokens to someone now.

If I guessed all that right, the company i work for may be willing to be an early adaptor. Let me know. We certainly aren't going to build yet-another-exchange, but i think empowering a transfer of btc/eth/eos/xrp -> myLittleUtilityToken within app would be very powerful.

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