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

0x.org

71–80 of 209 posts

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

#71

Does the Pro version come with a free fake-your-death-in-india package?

OP is referring to the curious death of the founder of QuadrigaCX who supposedly was the only one with the keys to cold storage.

This does not apply to 0x-based exchanges at all - it's a nuncustodial solution, meaning you can put orders without depositing coins and ensure they are only transferred out of your wallet as part of a correctly executed trade, atomically.

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

#72
post #25

Earlier quoted context omitted.

I think you forgot: 0. Doesn't actually solve any real problem for actual humans in the first place.

I disagree with the point, but for the sake of argument, why is this a negative? Large portions of pure mathematics would be deemed irrelevant by this standard. Blockchains and smart contracts are still a burgeoning technology, and projects like this demonstrate what is possible in a tangible way. Perhaps this particular project has no use that you can foresee, but it's the foundation upon which future projects of wo…

I love pure mathematics but I don't quite agree that all the blockchain stuff falls in the same vein at all.

There is no "science" here. No positing of a theory that explains what happens when X happens. After the original paper which largely built on ideas that already existed, I don't believe the field of consensus protocol has been greatly enhanced by the crypto fad. In fact, almost all products, papers, and developments have been for the express purpose of commercializing a product.

Math does not purport to be "market-ready." It's foundational, and honestly, it still does need to be used in the sense that the measure of a good theory is it's applicability to actual problems (although sometimes, the problem itself isn't always easy to grasp).

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

#73
post #55

Earlier quoted context omitted.

Why should I launch an exchange when there are already hundreds of existing exchange? Because you can steal the assets, like about half of Bitcoin exchanges to date.

You can't with 0x, at least not in the way you could at say Bitfinex or Binance. All of the assets remain in your personal Ethereum wallet until a trade is matched up. That's the genius of the 0x protocol. The Relayers that LaunchKit lets you create are effectively just order books or other matching-engines that exist as a website or other service. They expose completed trades to the 0x smart contract, which atomical…

> That's the genius of the 0x protocol

pretty proud that I stopped reading right here at the sales pitch to let you know that all coins are scams, every single person and group who tries to build a coin trading community using telegram is a scammer, there is no use for a blockchain in any foreseeable human endeavour or venue and it was all a big mistake.

You may proceed.

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

#74
post #42
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…

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.

I'm thinking a database.

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

#75

Earlier quoted context omitted.

You can't with 0x, at least not in the way you could at say Bitfinex or Binance. All of the assets remain in your personal Ethereum wallet until a trade is matched up. That's the genius of the 0x protocol. The Relayers that LaunchKit lets you create are effectively just order books or other matching-engines that exist as a website or other service. They expose completed trades to the 0x smart contract, which atomical…

> That's the genius of the 0x protocol pretty proud that I stopped reading right here at the sales pitch to let you know that all coins are scams, every single person and group who tries to build a coin trading community using telegram is a scammer, there is no use for a blockchain in any foreseeable human endeavour or venue and it was all a big mistake. You may proceed.

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

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

#76
post #25

Earlier quoted context omitted.

I disagree with the point, but for the sake of argument, why is this a negative? Large portions of pure mathematics would be deemed irrelevant by this standard. Blockchains and smart contracts are still a burgeoning technology, and projects like this demonstrate what is possible in a tangible way. Perhaps this particular project has no use that you can foresee, but it's the foundation upon which future projects of wo…

I love pure mathematics but I don't quite agree that all the blockchain stuff falls in the same vein at all. There is no "science" here. No positing of a theory that explains what happens when X happens. After the original paper which largely built on ideas that already existed, I don't believe the field of consensus protocol has been greatly enhanced by the crypto fad. In fact, almost all products, papers, and devel…

My intention wasn't to focus on the mathematics of blockchains, but rather that experimental research in general should not be dedicated solely to those causes that solve real problems for real people. Proving Fermat's Last Theorem did not solve any tangible real life problems (that I'm aware of), but we pursued a solution nevertheless.

In terms of the original point, I agree that being able to run your own decentralized exchange is not a problem facing people today. However, by pushing the boundaries of the technology, we are building a foundation of knowledge and engineering for how to use smart contracts on blockchains in the future.

Also, 0x is open source [1], so in my opinion, this is much more akin to a research project than a commercial product. If commercial products can be built on it, even better. But I think we should be even more long term sighted than that, and accept that there are uses of these technologies that have yet to be discovered, and we won't be able to discover them unless we experiment.

[1] https://github.com/0xProject

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

#79

Earlier quoted context omitted.

> That's the genius of the 0x protocol pretty proud that I stopped reading right here at the sales pitch to let you know that all coins are scams, every single person and group who tries to build a coin trading community using telegram is a scammer, there is no use for a blockchain in any foreseeable human endeavour or venue and it was all a big mistake. You may proceed.

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

Name checks out. I’ll bookmark it too.
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