RE: Binance Warned To License Or Leave Japan, Yahoo Japan To Launch Own Crypto Exchange
Hey @lexiconical,
I think this is a bit silly, no? I'm of the opinion that decentralized exchanges via smart-contract are the future, so what would we even really need a big multinational to get in on the game at this stage?
I share the opinion of some that this probably won't pose a threat for an exchange like Binance, unless Yahoo just became like a crypto-ecosystem and starting changing the game in terms of how easy and painless it is to use btc for various miscellaneous internet applications.
But why Bitcoin then?
What's Yahoo figured out that other's haven't, eh?
By the way thanks for the smartsteem link man am loving the whole idea! Hope to chat soon man (I need to get my damn Discord re-activated, I got "banned" and never received an explanation why) xx
" I'm of the opinion that decentralized exchanges via smart-contract are the future, so what would we even really need a big multinational to get in on the game at this stage?"
People are not embracing the advantages of these as much as they should be, in light of things like Gox. People often to not value security until they have already paid the price.
Lexiiii
You're right but just because it's not optimal doesn't mean it's not also the future... The fact that they allow people to skirt KYC and AML in a very clever wallet to wallet way without any intermediary holding funds means it's only a matter of time until enough people have gotten burned that they will be looking for alternatives...
Such exchanges just naturally complement the actual function of cryptocurrency in the whole decentralized peer-to-peer aspect originally outlined in the btc white paper. Sure, there are lots of people who still don't understand cryptocurrency, and who just want to buy from a big exchange because they like the idea of diversifying some of their assets.
Ultimately though, the people who drive real markets are the peer-to-peer grassroots economy... Yahoo can try to make a market but I think unless they have some huge unannounced plan, I can't see it really doing much