I think you are contradicting yourself here. HOW would you exchange BTC for bitBTC or trade BTC for bitUSD without a centralized gateway? I thought that's exactly what you're proposing to get rid of.
True, my suggestion doesn't eliminate all centralization.
But it does eliminate 99% of it.
Isn't it still better to only have to "trust" a gateway long enough for an instant deposit/withdraw (or, just trade/settle to BTS and skip the Gateway) instead of leaving "alts" on a centralized Gateway indefinitely? Plus, there are more decentralized solutions for converting things coming out - atomic swap, sidechain(?), or something like the 0x OTC ERC20 tool.
Gateway still makes money, as they can charge for this conversion.
For me, it would be well worth paying OL a small fee to convert my BitBTC to real BTC rather than holding and withdrawing Open.BTC as real BTC "for free". That's the point here.
Along these lines, see Ronny's project "
https://www.cryptofresh.com/a/OCASH", which somewhat matches my vision of a way to "cash out" SmartCoins.
Also, you didn't give any reasons why SmartCoins are not effective for Altcoins.
Oh, they would be as effective as they are for BTC/USD/CNY. I just don't see a use for altcoins at all.
Providing feeds for additional coin means additional work for the witnesses, so we should only add SmartCoins if there's a benefit to be expected. I don't expect significant volume from altcoins, and therefore no benefit either.
Not sure if you're aware of it, but *anyone* can create SmartCoins. No need to lobby for this - if you want them, just go ahead and create them.
I don't understand your argument here at all.
OL/Ronny has proved there is a significant market for alts on the Dex. Worldwide, besides Dex, over 50%+ of ALL crypto trading volume was Alts. If you don't think there is a market for alts on the dex, but people are going to line up for BitSilver and BitGold, then I frankly find that nonsensical
But, you did give yourself away as a maximalist
Interesting point by you on creating SmartCoins. Are they identical to "real" Committee-issued Smartcoins, in this case? In any case, my specialty is liquidity, making markets, not creating SmartCoins.
Thanks for the discussion.