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RE: New video: What is a Decentralized Exchange?
Hi ummjackson. Thanks for your post. You have triggered me to think also. Do you see that a decentralized exchange is possible that will replace an exchange as the NYSE? Or is it logical that such a large compay will implement blockchain in their businessmodel? I'm pretty new to these new technology but find it very interesting.
Also which cryptocurrencies will be most usefull?
Due to the nature of high frequency trading and the money involved in the stock exchange, I honestly don't think the tech is there just yet to support that kind of exchange. Each of the systems I mentioned in the video make quite large compromises in terms of cutting away functionality that traditional exchanges offer (eg. removing the notion of an order book) and I don't think the mainstream world is ready for that yet. Let's see how the tech evolves within the crypto space over the next 1-2 years and then revisit it's broader applications.