0x Launch Kit – Launch your own cryptocurrency exchange or marketplace • Hacker News Board

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

#161

Post by jsloss » Thu, May 30, 2019, 3:21 AM UTC

arcticbull wrote: post #61

Legogris wrote: post #48

Earlier quoted context omitted.

Or market for insurance policies. Or bonds. Or stocks. Regulation is clearing up and there are many biting at the bit for this. The disruption of financial markets may not happen tomorrow, but once it does it will go fast in each market. If there are more efficient venues, competitive market participants will start moving once they realize that they will be at a competitive disadvantage if they don't. When I say effi…

> Regulation is clearing up and there are many biting at the bit for this. In what way is regulation actively harming your ability to purchase shares of a legitimate operating business without overextending yourself financially? Please be specific.

The ability to compensate someone who is creating value in a network with ownership of said network (eg giving an early uber driver, or Airbnb host, options or equity.) this is currently not possible to do in the US, but is possible with crypto networks.

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

#162

Post by teh_infallible » Thu, May 30, 2019, 3:34 AM UTC

arcticbull wrote: post #147

lojack wrote: post #145

Earlier quoted context omitted.

How about real time cross border remittance and settlement? Current fiat approaches require large illiquid reserves, are slow, and not very scalable. It’s also useful for transmitting money long distances when banks won’t do business and you want to avoid a paper trail (drugs). Fiat is perfectly fine for in person transactions, but not when distance is involved. You may or may not morally agree with it, but this is a…

> How about real time cross border remittance and settlement? Current fiat approaches require large illiquid reserves, are slow, and not very scalable. It's bad for that, we've been through this. To send money you have to pay ~1% to an exchange in your home country, wait a few days for it to clear exposing yourself to huge forex risk, pay a $1 transaction fee give or take, then pay ~1% to an exchange in your destinat…

We get it- Hacker News is rabidly, irrationally anti-cryptocurrency. Which is ridiculous, considering most people here 1) Create or participate in online spaces and 2) Wish to monetize their services in ways that don’t necessarily involve advertising. You don’t think peer-to-peer micro transactions are going to transform your work in a fundamental way? Then I’m sorry, but you lack imagination.

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

#163

Post by aey » Thu, May 30, 2019, 3:52 AM UTC

egypturnash wrote: post #152

rickycook wrote: post #125

Earlier quoted context omitted.

95% of blockchain projects are a garbage heap, crypto currency is WAY overvalued, but the 5% of projects that are actually useful, and have a real need for a blockchain may just fundamentally change parts of how we live life when micro transactions as a concept came to games, it changed the way people wrote games. when crowd funding became mainstream, it allowed more innovation from people with just a need and an ide…

> when micro transactions as a concept came to games, it changed the way people wrote games Has there ever actually been a case where microtransactions made for a better game? Everything I've read about what it's like working for studios that rely on them is creepy stories about trying to chase 'whales'.

How do you objectively measure better besides revenue?

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

#164

Post by Legogris » Thu, May 30, 2019, 4:16 AM UTC

kissickas wrote: post #138

Legogris wrote: post #103

Earlier quoted context omitted.

Bisq has that and has been around for years. Want a single, stable, smooth and fast fiat gateway with strong guarantees like you have on he realized exchanges? I think that's fundamentally incompatible with not having intermediaries. As others mentioned,calling IDEX decentralized is weasel-wording at best. It's a hybrid.

Fair enough. As far as I know, it aims to be fully decentralized by everyone's definition eventually, apart from KYC which I accept as a necessity. For my needs, the decentralization they currently offer is all I really care about (I am able to get my funds out at any time, and no one else is).

I think "non-custodial" is the word you are looking for. Another example wold be LGO Markets.

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

#165

Post by verroq » Thu, May 30, 2019, 4:22 AM UTC

arcticbull wrote: post #148

verroq wrote: post #146

Earlier quoted context omitted.

Because there is no status quo? (And solutions that aren’t better than status quo should be automatically thrown in the trash?). Now if your question is why are markets useful, then that is obvious is it not? Secondly, I find this viewpoint highly regressive, the asking of why is X useful question. We can go to the moon but why is it useful? These type of questions are ultimately backwards and short sighted. Why do w…

> Because there is no status quo? (And solutions that aren’t better than status quo should be automatically thrown in the trash?). I think in general, people are excited by technology that's innovative and promising. It doesn't have to solve problems better or more efficiently today but it should have some clear path to doing so, yeah. > Now if your question is why are markets useful, then that is obvious is it not?…

I don’t see why crypto skeptics feel the need to regurgitate the same tried and debunked talking points into every single thread about crypto. This unhinged rant might as well be a copypasta at this point. None of this thread is even about bitcoin.

@dang can you do something about this.

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

#166

Post by proy24 » Thu, May 30, 2019, 4:31 AM UTC

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…

In a worldview where communities, orgs, products, countries, states, provinces etc. all have their own tokens, there will be need for niche, localized exchanges and 0x makes a lllot of sense.

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

#167

Post by hrdwdmrbl » Thu, May 30, 2019, 4:35 AM UTC

tomhschmidt wrote: post #33

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…

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…

Not that I have any interest in launching an exchange, but I do see what you mean by the possibility of an exchange becoming quite abstract. If housing deeds are traded then a housing marketplace is an exchange. If cars ownership is traded then a car marketplace is an exchange. If in-game items are traded, it's an exchange.

Could one think of stores as one-sided exchanges, where resale is just not natively possible? Does Google operate an ad exchange? Is iTunes an exchange? If digital goods ownership were on a blockchain then resale would be possible... What about physical goods?

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

#168

Post by arcticbull » Thu, May 30, 2019, 4:36 AM UTC

chrisco255 wrote: post #159

arcticbull wrote: post #147

Earlier quoted context omitted.

> How about real time cross border remittance and settlement? Current fiat approaches require large illiquid reserves, are slow, and not very scalable. It's bad for that, we've been through this. To send money you have to pay ~1% to an exchange in your home country, wait a few days for it to clear exposing yourself to huge forex risk, pay a $1 transaction fee give or take, then pay ~1% to an exchange in your destinat…

Visa is NOT instant. VISA transactions take up to 48 hours to clear. And in some cases the credit card processor can and will hold funds for even longer than that.

Some do, but some like Square will pay you out next business day free of charge or instantly for a small surcharge. To your point they’re floating that during settlement. It’s instant in the sense that the transaction is approved instantly and the settlement is a formality.

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

#169

Post by arcticbull » Thu, May 30, 2019, 4:42 AM UTC

verroq wrote: post #165

arcticbull wrote: post #148

Earlier quoted context omitted.

> Because there is no status quo? (And solutions that aren’t better than status quo should be automatically thrown in the trash?). I think in general, people are excited by technology that's innovative and promising. It doesn't have to solve problems better or more efficiently today but it should have some clear path to doing so, yeah. > Now if your question is why are markets useful, then that is obvious is it not?…

I don’t see why crypto skeptics feel the need to regurgitate the same tried and debunked talking points into every single thread about crypto. This unhinged rant might as well be a copypasta at this point. None of this thread is even about bitcoin. @dang can you do something about this.

You bring up an interesting point in that I can’t think of another technology out there quite as polarizing as crypto. It’s almost fanatical devotion from both sides. I disagree that the points are debunked, I think the current thinking from the pro side is that those are “today’s problems” and the future will be different. I think the anti camp like myself are frustrated by the religious devotion to something that in our opinion represents regression from the status quo as a north-star, driven in part by uninformed debaters assuring us crypto will solve problems they themselves don’t understand. I think it’s like how my dad used to hate medical shows because they were to him a parody of his profession but to the less informed of us, just kinda fun and cool.

I know bitcoin isn’t the only crypto, I also know proof of work isn’t the only algorithm out there. Bitcoin is the best known and most successful, and proof of work is the only algorithm so far proven to work as specified. I was giving more credibility to the space than I usually do with those simplifications, if I wanted to make fun I’d call on our boys Tether (a fraud [1] run by a fraud who tried to start a Ponzi scheme [2] and whose connection to Bitfinex eventually got revealed in the Paradise papers [3] - in which most crypto prices are denominated), IOTA (it’s ternary for no reason, isn’t decentralized, and tried to write their own hashing algorithm and when that failed they called it a DRM scheme [4]) and Dentacoin (your dental records on the blockchain for no discernible reason [5]). Even a team trying to start a BTC ETF concedes 95% of all volume is fraudulent [6]. That’s a bad place to start no matter how you slice it.

Apologies for offending you, though, that wasn’t the intent.

[1] https://amycastor.com/2019/04/26/new-york-attorney-general-b...

[2] https://steemit.com/bitcoin/@binyamin/bitfinex-s-founder-see...

[3] https://gizmodo.com/new-york-ags-report-untethers-bizarre-cr...

[4] https://hackernoon.com/why-i-find-iota-deeply-alarming-934f1...

[5] https://www.dentacoin.com

[6] https://cointelegraph.com/news/bitwise-tells-us-sec-that-95-...

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

#170

Post by root_axis » Thu, May 30, 2019, 4:50 AM UTC

aey wrote: post #163

egypturnash wrote: post #152

Earlier quoted context omitted.

> when micro transactions as a concept came to games, it changed the way people wrote games Has there ever actually been a case where microtransactions made for a better game? Everything I've read about what it's like working for studios that rely on them is creepy stories about trying to chase 'whales'.

How do you objectively measure better besides revenue?

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