0x – A Protocol for Trading Tokens

[joosters]

The website also has its own token, naturally. Because obviously what people really want is to require a completely unrelated token when they try to trade two other ones. Who on earth thought this was a good idea?

[jraines]

Other than a few thousand investors in the ICO, the leaders of the projects who are building on it, the market participants so far, and the most respected fund in the space? No one, really.

[thinbeige]

How to get rich (or daytrading for beginners):

1. Buy ZRX

2. Submit an 0x post to HN and get it upvoted (use 0x and other crypto chats to create ad hoc voting rings but brief the guys to do the upvoting right)

3. Once on the frontpage, go to other chats and exchanges' trollboxes (eg liqui.io) and shout '0x IS ON HN!!!', wait a bit and sell

[wmf]

Recent analysis: http://hackingdistributed.com/2017/08/13/cost-of-decent/

[jraines]

If you build such an arbitrage bot why on Earth would you write it up and complain about being too poor to run it rather than running, not walking, to beg or borrow the capital to run it to its full potential? Then you can still write it up and get your academic props

[atomical]

I think the security risk of centralized exchanges is overblown. If you only transfer tokens to an exchange when you want to sell them your risk is pretty low. Plus, most exchanges have most of their coins in cold storage (kind of like a bank doesn't keep all the cash at one branch).

Plus, if you're interested in actively trading coins centralized exchanges have the best liquidity. It takes seconds to execute your order.

Decentralized exchanges mostly function as a tax dodge. Imagine all the early bitcoiners who got in before the gold rush, reinvested profits into ICO's, and have never paid one cent in capital gains.

[deweller]

The risk of centralized exchanges are a real problem. See https://magoo.github.io/Blockchain-Graveyard/.

The idea of transferring tokens only when you want to sell them is a nice idea, but it doesn't work in practice for a lot of people. Imagine speculating in 30 different alt coins. It is just too much work to run wallets for each coin. So people keep them in an exchange. Also, people may want a lot of open orders. Successful investors can accumulate a lot of value in an exchange quickly.

0x doesn't solve the alt-coin problem but encouraging people to hold their own ethereum tokens is a start.

[jspdown]

Today I sold Ether token for Augur reputation token just to give it a try via the OTC Dapp. No middleman, cost me almost nothing, it was a great! There's a lot of potential in this technology IMO

[hepolz]

I'm just getting a blank page for https://0xproject.com/. The browser error console reports:

    SyntaxError: missing ; before statement
    bundle.js?v=1 (line 1, col 1475769)

[CloudYeller]

It's 1999 all over again, except s/web/blockchain.

"Hey everyone! This business uses a block chain! It's going to the moon!"

[wslh]

But you cannot do HFT or fast trading with a descentralize exchange, this is a con.

[fervorarc]

If you bought ZRX after reading this post, you would have 2x any money you had put in. Food for thought. Absolutely Ludicrous.

[swiley]

There probably should be a rule against promoting crypto currencies as your first and only comment.

[xer]

Only problem is that you need to install a Browser Extension, much bigger problem is that browsers are not secure.

[jc__]

You can buy ZRX (0x) token on the market already, been going up the past few days: https://liqui.io/#/exchange/ZRX_ETH

[CryptoPunk]

A subreddit has also been created for publishing OTC offers:

https://www.reddit.com/r/tokentrade/

[mmanfrin]

What differentiates this from Stellar or Ripple?

[jeremyt]

It doesn't transport money, it trades tokens.

[loppers92]

Why isn't OmiseGo listed?

[loppers92]

Mmh... I had loading issues

[whatnotests]

Brilliant idea. Wish I would have thought of it myself!