Looks interesting will give it a whirl. At work we have semi-jokingly been discussing idea of a internal currency as a mechanism of getting one team to do work for another when there is no obvious mutual benefit for said work. Its increasingly becoming an issue for us.
0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
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Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#42Why 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…
Think more broadly about what an "exchange" could be. You're thinking crypto forex, but consider a crypto-kitty bidding platform or a virtual game item marketplace.
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#43Does the planet _really_ need any more crypto exchanges? Hardly a week goes by without a couple of new ones starting. Surely we must have more than enough by now?
Well, what's currently your favorite decentralized exchange, prior to 0x? What do you suggest for people who live in regions where this technology is banned or where the difficulties of connecting orthodox bank accounts, etc, make access impossible? The last decentralized exchange I knew about was EtherDelta, and 0x seems to be an improvement.
IDEX has been the #1 DAPP on Ethereum since March 2018[0]. It's also the #1 DAPP by users and transaction count.
You can't buy crypto with fiat there, though, so connecting your orthodox bank accounts is irrelevant in this case. The founder said yesterday in an interview [1] that they may work with partners to enable this eventually, but so far I don't know any good decentralized exchanges that offer that. Buying crypto on a decentralized exchange with your bank account seems pointless to me - either buy it in cash or buy it on a safe platform (and then get it out immediately so they can't exit scam you or get hacked with your money).
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#44Does the planet _really_ need any more crypto exchanges? Hardly a week goes by without a couple of new ones starting. Surely we must have more than enough by now?
Hardly a week goes by without one folding due to hacking, mismanagement, or outright criminal activity. Seems like they need someone to keep up the churn or they might run low.
You can’t steal the tokens if you are running a 0x exchange.
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#45Why 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…
> Why should I launch an exchange when there are already hundreds of existing exchange?
Because loads of people will send you their money and tokens, you can keep them, and shut down your exchange. It's free money for bold entrepreneurs unburdened by legacy financial systems or consciences.
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#46Earlier quoted context omitted.
Well, what's currently your favorite decentralized exchange, prior to 0x? What do you suggest for people who live in regions where this technology is banned or where the difficulties of connecting orthodox bank accounts, etc, make access impossible? The last decentralized exchange I knew about was EtherDelta, and 0x seems to be an improvement.
IDEX has been the #1 DAPP on Ethereum since March 2018[0]. It's also the #1 DAPP by users and transaction count. You can't buy crypto with fiat there, though, so connecting your orthodox bank accounts is irrelevant in this case. The founder said yesterday in an interview [1] that they may work with partners to enable this eventually, but so far I don't know any good decentralized exchanges that offer that. Buying cry…
IDEX isn't a decentralize exchange
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#47Given the limitations of 0x, I never thought of it as a good protocol for real-time exchanges (ie Coinbase Pro). For me, it's always fit more into a decentralized Over the Counter (OTC) trading alternative.
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#48Why 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…
Think more broadly about what an "exchange" could be. You're thinking crypto forex, but consider a crypto-kitty bidding platform or a virtual game item marketplace.
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 efficiency, I am not talking in technical terms and not necessarily on the kind of environments we see on public permissionless chains. So let's keep transaction finality and computational efficiency out of scope for a moment.
Think of chains as subnets on the internet. The gaps will be bridged to allow seamless transfers between them.
I've been wrong before but to me this is bound to happen. How many businesses in competitive areas have fax as a preferred method of communication today?
Don't take what I'm saying as an argument in favor of buying ZRX tokens. I do think it's a cool project, albeit IMO could have done better without the utility token as an inherent component. But that's more about the business model than the tech. It will probably be another boom and bust before we see the leading protocols emerging.
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#49Earlier quoted context omitted.
Hardly a week goes by without one folding due to hacking, mismanagement, or outright criminal activity. Seems like they need someone to keep up the churn or they might run low.
You can’t steal the tokens if you are running a 0x exchange.
Hold my beer.
Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
#50Why 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…
> We think of 0x more like Stripe: an under-the-hood technology that allows entrepreneurs to move more quickly and easily add exchange to their product.
One’s velocity should always be slightly less than their SEC defense attorney. If you're legit, take the time to make sure your paperwork is legit.
https://news.ycombinator.com/item?id=18185701 (Top comment by Animats should draw your attention)