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ADOPTIONOne possibility is that Chinese capital control-evaders will now gravitate to other alternative digital currencies, such as Ethereum... (zerohedge.com)

Mr_Yukon_C@MrYukonC が 投稿

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[–]polayo 18 ポイント19 ポイント  (14子コメント)

It is incredibly absurd how decentralized exchanges are not more developed at this stage.

[–]Mr_Yukon_C@MrYukonC[S] 15 ポイント16 ポイント  (13子コメント)

Totally agree.

I just used https://mkr.market this past weekend for my first experience with a decentralized exchange.

While it's still a bit slow and cumbersome (to be expected), the concept is definitely the way forward.

[–]polayo 4 ポイント5 ポイント  (9子コメント)

In my opinion, in order to decentralized markets to take-off we need at least one with a strong token that reverts trading fees to the token holders (early founders / buyers). Do you believe mkr could be the one?

[–]Mr_Yukon_C@MrYukonC[S] 4 ポイント5 ポイント  (8子コメント)

Do you believe mkr could be the one?

I believe they do indeed have that potential.

As of right now, I am only aware of mkr and EtherDelta. Before experimenting this past weekend with trying to make a purchase, I visited both sites and immediately mkr jumped out at me as the far more intuitive and usable UI.

As far as I know, they are also decently funded and have solid developer talent. Thus, IMO they are situated well with the opportunity to capitalize on the decentralized exchange market.

I realize that "decentralized exchange" isn't their priority, but I think they are in the best position to capitalize.

cc: /u/Rune4444

[–]Rune4444 15 ポイント16 ポイント  (1子コメント)

Decentralized exchange and stablecoins go hand in hand as products. You cannot monetize a decentralized exchange directly, as the core infrastructure needs to be autonomous, have no fees and be outside human control. Developing a stablecoin to use on the decentralized exchange is the optimal way to monetize it.

[–]Mr_Yukon_C@MrYukonC[S] 4 ポイント5 ポイント  (0子コメント)

Thanks for the clarification.

[–]polayo 1 ポイント2 ポイント  (5子コメント)

Have you tried bitsquare?

[–]Mr_Yukon_C@MrYukonC[S] 0 ポイント1 ポイント  (4子コメント)

No, but I will check them out.

[–]scheistermeister 5 ポイント6 ポイント  (3子コメント)

Open ledger imo is another nice example. NXT yet another. I think this is begging for a blog u/Mr_Yukon_C ;)

[–]cHaTrU 1 ポイント2 ポイント  (0子コメント)

I've tried all of them (maker market, etherdelta, openledger, nxt asset exchange) and I've found maker market to be the most intuitive and easy to use. I might be slightly biased against NXT asset exchange here since I dont use it as often as I do the other ones.

[–]Mr_Yukon_C@MrYukonC[S] 0 ポイント1 ポイント  (0子コメント)

Open ledger imo is another nice example.

Actually yeah, I forgot about OpenLedger. I bought the majority of my DGD early on via OpenLedge, before it started trading on other exchanges.

[–]eeksskee 0 ポイント1 ポイント  (0子コメント)

Open Ledger has more liquidity but it is just nowhere near as simple and reliable as mkr.market. And its liquidity seems to decrease over time.

[–]drcode 1 ポイント2 ポイント  (1子コメント)

To be fair though, a decentralized exchange won't help a rich Chinese person with Yuan in their hands get their money out of the country. (Assuming this is really a significant reason for Chinese exchange activity)

[–]Mr_Yukon_C@MrYukonC[S] 2 ポイント3 ポイント  (0子コメント)

You are 100% correct.

But, what decentralized exchanges will do, is eliminate the possibility for the manipulations that we've witnessed time and time again in the crypto space, that have now drawn the ire of the PBOC and the Chinese gov't in general.

[–]btclfst 15 ポイント16 ポイント  (9子コメント)

I stated two years ago during the ICO , Ethereum will become the leader within the global digital asset community

Ethereum etfs will be happening shortly.

[–]Brilliantrocket 14 ポイント15 ポイント  (1子コメント)

Soon we'll literally have Ethereum nodes on the moon. Vitalik will ascend to the galactic throne several years later. His reign will last until the end of time itself.

[–]jtnicholMiner in Consumption 2 ポイント3 ポイント  (0子コメント)

/u/lagofjesus disciple? I am impressed with your prose. Well done.

[–]HandyNumber 7 ポイント8 ポイント  (0子コメント)

Easy there tiger!

We need tempered enthusiasm now more than ever.

[–]michelmx 7 ポイント8 ポイント  (1子コメント)

why would they attack bitcoin and leave ethereum alone?

this is an attack against crypto so no need to cheer this on

[–]SammieDataFORK = PROTOCOL UPGRADE 3 ポイント4 ポイント  (0子コメント)

Who cares, Eth is not ruled by China and barely traded there on exchanges.

Eth mining is probably centralised there presently but that will change with PoS.

[–]fredititorstonecrypt 0 ポイント1 ポイント  (0子コメント)

Ethereum may well succeed as the platform for smart contracts. It's the most technologically advanced crypto out there. But that very strength makes it impossible for it to ever be the primary digital store of value. Investors love bitcoin specifically because of its obsolescence. With BTC, you know that what you have today is what you'll have in 5 years. Obviously can't say the same about ethereum.

[–]slacknation -2 ポイント-1 ポイント  (2子コメント)

yah, when u joined less than 2 years, lol! might want to change your nick too

[–]btclfst 0 ポイント1 ポイント  (1子コメント)

Whoever said it was stated on Reddit. Obsessing on variables you don't control won't advance yourself personally, and financially within the digital asset community

[–]Dunning_KrugerrandsDrunk on a Maglev 0 ポイント1 ポイント  (0子コメント)

Causal vs Effectual logic

[–]tnpcook1 6 ポイント7 ポイント  (0子コメント)

This is what bitcoin gets for becoming complacent technologically.

[–]bestStats 3 ポイント4 ポイント  (4子コメント)

Lol at Bobby Lee's enthusiasm. Like they are coming over for a cup of tea :-)

Seriously when an authority says "on-site inspection" what do you think it is all about. It's not a restaurant looking for rats in the kitchen and its certainly not a cozy fireside chat.

"I wouldn't call it an investigation. I think they are working closely with us to learn more about our business model and the bitcoin exchange industry. We had a very fruitful meeting today," Lee said.

Here's a local take on the matter: http://news.8btc.com/pboc-onsite-inspection-exchanges

[–]Mr_Yukon_C@MrYukonC[S] 5 ポイント6 ポイント  (2子コメント)

Seriously when an authority says "on-site inspection" what do you think it is all about.

No kidding.

But, until it's all out in the open (if ever), you can count on those with vested interests to deny, spin, downplay, and understate everything related to the issue.

[–]eeksskee 4 ポイント5 ポイント  (1子コメント)

The BTCC volume is 50x the largest non China exchange. Nothing to see here....

[–]SammieDataFORK = PROTOCOL UPGRADE 0 ポイント1 ポイント  (0子コメント)

Can you track volume on BTCC, has it dropped off significantly in the last few days?

[–]btclfst 0 ポイント1 ポイント  (0子コメント)

ExchAnge software will be analyzed.
Almost all reputable crypto Exchanges engage in wash trades. Buying and selling to themselves to create fraudulent volume.

[–]slacknation 3 ポイント4 ポイント  (0子コメント)

china, please pump eth!

[–]Dunning_KrugerrandsDrunk on a Maglev 2 ポイント3 ポイント  (5子コメント)

Zero hedge who would have thought?

[–]Mr_Yukon_C@MrYukonC[S] 0 ポイント1 ポイント  (4子コメント)

My point entirely. For them to even be mentioning Ethereum, is again, another pretty big deal / news event.

[–]Dunning_KrugerrandsDrunk on a Maglev 3 ポイント4 ポイント  (2子コメント)

FYI : Status.io #discover is about meeting people in meat space to exchange cash for Eth, ERC tokens, goods and services. So could evade capital controls. I highly doubt that this was ZH's logic but hey at least there is some logic behind it.

[–]Mr_Yukon_C@MrYukonC[S] 0 ポイント1 ポイント  (0子コメント)

I highly doubt that this was ZH's logic but hey at least there is some logic behind it.

lol Agreed.

[–]Smokyish 0 ポイント1 ポイント  (0子コメント)

Just to clarify, it's Status.im :)

[–]fredititorstonecrypt 0 ポイント1 ポイント  (0子コメント)

Ugh. If getting mentioned by a tabloid is a big deal, ethereum is far less developed than I thought.

[–]rmtboard 1 ポイント2 ポイント  (3子コメント)

Great...Gotta love how all these crazy events occur when im sleeping zzzz. Thank goodness I am only holding 5% BTC

[–]FourthStreetx 1 ポイント2 ポイント  (0子コメント)

15% here. The problem is that this crashed ETH prices too.

[–]fredititorstonecrypt -1 ポイント0 ポイント  (1子コメント)

ETH fell by more than BTC...

[–]CamBlamSlam 1 ポイント2 ポイント  (0子コメント)

How do you figure? I see 12% and 18%, respectively.

[–]cHaTrU 1 ポイント2 ポイント  (2子コメント)

not that we want to target "Chinese capital control-evaders" as a user group for Ethereum, just sayin.

[–]Mr_Yukon_C@MrYukonC[S] 1 ポイント2 ポイント  (1子コメント)

Well, at the very least it's still one possible use case out of many. Just sayin'. :)

[–]fredititorstonecrypt 1 ポイント2 ポイント  (0子コメント)

Why? Exchanges for ethereum face the exact same risks.

BTC is attractive to the Chinese primarily because of market cap and liquidity.

[–]TruValueCapital 0 ポイント1 ポイント  (2子コメント)

Added a little to my BTC stash. I am still 90% ETH :-)

[–]_dredge 0 ポイント1 ポイント  (5子コメント)

Why would Chinese authorities limit themselves to a single crypto-currency?
I this case I think bad for BTC is also bad for all coins, including ETH.

[–]Mr_Yukon_C@MrYukonC[S] 5 ポイント6 ポイント  (3子コメント)

Why would Chinese authorities limit themselves to a single crypto-currency?

As far as I know, nobody said they would. ???

Anyway, the point is that at the moment, it's BTC and not ETH that is heavily centralized in China. Hence, China's specific interest in BTC for the time being.

Ethereum on the other hand, provides the opportunity for a fresh(er) start without all of the centralization issues. That in turn, has the potential to result in a far more stable currency with much less risk from state intervention and/or manipulation.

[–]FourthStreetx 1 ポイント2 ポイント  (0子コメント)

The good news is ETH is not reliant on China right now. If there is a banning or continued regulation in China is isn't as bad for ETH as it is for BTC directly (though, I would argue it is terrible for all Crypto).

[–]_dredge 0 ポイント1 ポイント  (0子コメント)

As far as I know, nobody said they would. ???

I was responding to the title. Agree on your other points.

[–]fredititorstonecrypt 0 ポイント1 ポイント  (0子コメント)

This post implied exactly that. Otherwise, why would this encourage the Chinese to look at other cryptos?

[–]michelmx 1 ポイント2 ポイント  (0子コメント)

yes they say bitcoin but they mean all cryptos