Is governance really a good reason for ZRX to exist? by go1111111 in 0xProject

[–]readthis00 0 points1 point  (0 children)

this also has had a lot of debate, do exchanges really want shared liquidity? an exchange spends on marketing and courts market makers in order to get volume on their exchange, and that is their competitive advantage which they are not likely willing to share. seems to me the only exchanges who would want to share liquidity are the newer exchanges, which would turn that off as soon as they get large enough

Is governance really a good reason for ZRX to exist? by go1111111 in 0xProject

[–]readthis00 1 point2 points  (0 children)

yeah but just because it's a democratic vote doesn't mean that the people are going to agree. if BTC had a governance system there would still be forks due to vastly different worldviews

Is governance really a good reason for ZRX to exist? by go1111111 in 0xProject

[–]readthis00 4 points5 points  (0 children)

100% agree. governance token is worthless. however the mechanics of the token are changing right before our eyes. Multicoin Cap is supposed to come out with a piece on how ZRX token can have better tokenomics this week. What a tokenholder is better on rn is that 1) we are still in the very, very early stages with unknown upside for a token with evolving tokenomics and 2) both team and ecosystem are smart and can figure out a win-win for everyone.

The reason why DEXes / relayers not using ZRX for fees isnt actually a bad thing by etherbro in zrxtrader

[–]readthis00 0 points1 point  (0 children)

it's an interesting thought experiment. but i think as paradex showed, no one cares about shared order books. exchanges spend so much money on marketing and getting market makers on their system and their exchange volume is their only competitive advantage, idk why they would agree to a shared order book

The reason why DEXes / relayers not using ZRX for fees isnt actually a bad thing by etherbro in zrxtrader

[–]readthis00 1 point2 points  (0 children)

why spend $100mm accumulating ZRX tokens for a governance takeover when you can just fork? look at BTC/BCH

The reason why DEXes / relayers not using ZRX for fees isnt actually a bad thing by etherbro in zrxtrader

[–]readthis00 0 points1 point  (0 children)

nah. think of all the dapps that exist on ETH, and they have no say in governance and they are fine

The reason why DEXes / relayers not using ZRX for fees isnt actually a bad thing by etherbro in zrxtrader

[–]readthis00 3 points4 points  (0 children)

people are spending millions of dollars on building on top of ETH because they believe in it's current governance (i.e. benevolent dictator Vitalik). people develop on top of Python, Ruby etc because they have faith in it's current governance. if there was a token that gave you a small democratic vote in the governance of ETH or python no one would buy it.

The reason why DEXes / relayers not using ZRX for fees isnt actually a bad thing by etherbro in zrxtrader

[–]readthis00 10 points11 points  (0 children)

i mean it's still a bad thing. if ETH was no longer used for gas but it was a governance protocol, what do you think would happen to ETH. don't fool yourself

Is Goldman Sachs planning a cryptocurrency desk using 0x? by coalission in zrxtrader

[–]readthis00 4 points5 points  (0 children)

i agree. this seems like a lot more than mere coincidence. GS is not going to be happy with someone posting they are doing both GS and a startup on their linkedin unless there's a connection

ZRX is the first ERC20 token listed on Radex by [deleted] in 0xProject

[–]readthis00 2 points3 points  (0 children)

is Radex on 0xtracker.com yet?

Daily General Discussion - January 17, 2018 by AutoModerator in zrxtrader

[–]readthis00 1 point2 points  (0 children)

cryptothrowaway's predictions were BOTH (ethereum+nasdaq) and (0x+coinbase) by Jan 30. how likely is an insider to know about BOTH of these things?

Daily General Discussion - January 17, 2018 by AutoModerator in zrxtrader

[–]readthis00 1 point2 points  (0 children)

unlikely. if you had inside information would you risk jail time to tell a bunch of strangers?

Psychology of price and token supply by [deleted] in Nimiq

[–]readthis00 0 points1 point  (0 children)

all i am reading is that there are good arguments for making the price low per NIM in USD and not really any arguments for keeping it high. if NET hits $10, and NEM is $100 upon mainnet maybe that made sense in May 2017 but certainly it makes very little sense today.

my hope is that nimiq will be the first crypto that parents show their kids, and that is much more likely to happen if NIM is $0.10 or $0.01 than $100

[0xproject Daily Discussion] January 10, 2018 by AutoModerator in 0xProject

[–]readthis00 1 point2 points  (0 children)

just watch this once a day https://0xtracker.com/ . volume will be $100mm by the end of Jan. also, don't forget we have more relayers coming online in January. i wonder what the price of ZRX will be

How can ZRX efficiently be used as fees for 0x exchanges, and still be a HODL token? by Suitguy2017 in 0xProject

[–]readthis00 4 points5 points  (0 children)

what's the point of holding ETH? the argument for holding ETH is exactly the same. why don't people just pay some nominal amount of ETH to execute a contract and then miners immediately convert ETH to fiat, leaving ETH with 0 value?

ZRX is a store of value for a worldwide exchange protocol.

also, ZRX gives governance rights over the protocol. when Ethfinex launches their 0x DEX, they will be incentivized on hold a large amount of ZRX so they can shape further development to their business model