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RE: Steemit Inc Must Build an Exchange
Interesting take on an initiative to bring Steem more into the crypto mainstream, at least in trading! I agree though, it would help to have steem listed on other exchanges, or even better to have an exchange right here on steemit.
Have you looked into some of the decentralized exchange models? I think that using something like a relayer or other decentralized exchange model might give steem more liquidity without institutional buy-in... anyway, I wrote a post about that aspect a little while back if you want to check it here: https://steemit.com/cryptocurrency/@krisj/decentralized-exchanges-could-sbd-benefit
Anyway, good post, good content, upvoted :)
We really need a centralized exchange. Decentralized exchanges can't handle the volume. We all want decentralized exchanges, but it really is impossible to handle thousands of transactions per second with a decentralized exchange.
That's true in terms of transaction volume, because of the required interaction with the blockchain... but you don't think this might change as we wrangle with different types of scalability solutions? State Channels in ETH for example? Not a short term solution by any means of course, so maybe a centralized exchange to start is the best option, at least for now. I just dislike centralization in general, but for some uses it is currently a necessary evil for functionality ;)