top | item 24724366

(no title)

zippoxer | 5 years ago

> examples that wouldn't be better served by a database are basically non-existent.

If you say so, then here's a question for you.

Using only non-blockchain databases, can you build an exchange that is..

  1) Owned by no one, or owned by a community to which anyone can join.

  2) Unstoppable. Can't be shutdown even if you cold murder the entire team.

  3) Can't be regulated (will never do KYC/AML).

  4) Permission-less: anyone can trade and/or provide the liquidity.

  5) Open-source with indisputable proof that it *always* runs *exactly* and *only* the code it shows on GitHub.
In other words, can you build Uniswap [1] with MySQL?

[1] https://app.uniswap.org

discuss

order

paulgb|5 years ago

What's the real world problem that this solves, and is it actually solving that problem for anyone today or is it hypothetical?

vmception|5 years ago

24/7 global market with exposure to almost every asset class including new ones with billions of notional USD in liquidity and where people actually are, is that not good enough?

I’m specifically referring to non-custodial decentralized exchanges and automated market maker systems like Uniswap, trading tokenized versions of things.

Every asset class is 99% speculation, including national currencies. Weird when people look at crypto by this other fictional higher standard that no other asset class would achieve while dismissing speculation as a lesser non-use case, not saying you did but predicting someone else was about to.