Quote from: trader on August 01, 2014, 02:37:13 pm

Is anyone else tired of seeing the tonne of coins that say that they can do decentralized exchanges? Everyone is promising it including Mastercoin, yet we havent seen anything real yet. Check this out:

http://wiki.mastercoin.org/index.php/Decentralized_exchange

Quote

The Master Protocol enables the peer-to-peer exchange of any cryptocurrency or token with any other cryptocurrency or token.

Really? So why is Mastercoin tanking, and why are people still using bter.com and cryptsy if Mastercoin can do that? It seems like some people just like to blow a lot of hot air.

I tried using the counterparty wallet for the first time this week so I could sell half my Proof of burn XCP and buy more BTSX. It was alright. The speed was the big killer though. It reminded me of the nineties when I'd click on two audio songs, go to sleep and hope they'd downloaded by morning.
I presume they're going to have their own faster side chains or something soon enough but doing anything at that speed is just ridiculous. Especially when BTSX exists.

In capital markets, settlements of securities take three days. Three fucking days. And it's take all the middle and back office of investment banks working hard to sort it out.

A settlement which happens automatically in 10 minutes it's huge. I'm convinced Counterparty will have tremendous utility in the future.

An interesting reading from Stripe people on what will be the future of the crypto economy: https://stripe.com/blog/bitcoin-the-stripe-perspective

Honestly what they describe is a watered down version of what I have in mind, a sort of worst case scenario. But I remember heard Marc Andreesen saying that all people at the begining of the Web thought Internet would be bigger than it is today. Maybe its an human tendancy to overestimate how the world will change because of a technology, maybe Stripe guys are closer from the truth than me.

Do you think I should go into how the market peg works, if it will work etc?

Definitely. It's the big question every smart people will ask themselves.

I tried to promote Bitshares X some months ago but people where dubious about the existence of the market peg. You will probably get the same reaction. Even myself, I will only believe in it once I see it working.

I little bird told me that there may be something released real soon so these speculative pre-trades may be for very short-lived advantage.

When is soon?

I'm going to post a comment here that is perhaps not entirely OT.

According to Bytemaster the act of moving funds around is beneficial to the network.

The "silent long term holders, who might not have the technical knowledge, time, or interest to continually remember to shuffle around shares in various DACs" are exactly the people that should be negatively incentived to actively care for the network, rather than sit on their money and passively watch it grow.

Keyhotee (afaik) is a possible solution for the myriad of online holdings one will acquire over the years.

Up the inactivity fee to 50% for all I care.

Thomas Piketty anyone?

Talking about Thomas Piketty is certainly the worst way to advocate that fee.

Peter Todd sold half of his bitcoins because of this: http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/

I haven't check every adresses (there are a lot) but those I do are OK.

Btw, thank you FreeTrade.