Decentralized Exchanges Are Crushing It & Legacy Business LOLZZ (Kodak)
Decentralized exchanges have been a hot place to have your money in crypto recently, whether it's been Kyber Network, 0x and AirSwap. Let's talk about the growth in DEX's, why Bitcoin might be dipping and why companies like Kodak are giving me a full on chuckle recently.
Today's video:
Jackson Palmer's video on the technology behind DEX's:
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I have been HODLing my 0x (ZRX) sine early August and have no plans on touching my position in that one for a fair amount of time as I see it having decent potential, especially in the medium term.
PS, we are going to see a lot more companies pull a "Kodak" and try to piggyback their half-dying companies on the growing success of the blockchain and ICOs in general. The good news is the more major corporations that hop on the blockchain train the more legitimacy the space will have, but on the flip side a lot of these corporations are aged dinosaurs and deserve to go extinct yet might get a second life-line by shifting over to the blockchain.
Thanks for the info! I love the idea of decentralized exchanges also for security purposes. I hear they will be safer to hold crypto. I would love to hear your thoughts on Waves too if you you have time.
I'm not anti-Waves per say, but I think there are so many interesting ERC-20 token projects that drive investor interest, it lends itself well for projects like 0x, AirSwap or Kyber to succeed
how do you think if someday the price of sbd and steam will drop trastically, how do you respond as a user steemit?
I think Kodak is conceptually given a good use to blockchain technology. One of the main principles or uses of blockchain technology is to have a transparent track of ownership of assets. It was always thought that assets (photos/art) could be added to a blockchain. The asset could then be used by registering it also on the blockchain. It could serve as a public registry to the rights of that asset.
I agree with you on this. I think its an interesting approach to a problem found in the media space. Im a photographer and I could definitely see blockchain as a good solution to the copyright problem. I will be following its development.
Thank you, very informative!