-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On 1/22/21, jamesd@echeque.com <jamesd@echeque.com> wrote:
On 2021-01-22 22:00, Karl wrote:
just trying to spark a little dialogue
So you know, a cryptocurrency trading bot can make over _1%_return _per_day_ on investment, trading on cryptocurrency exchanges. This is because of political attacks on cryptocurrency markets preventing the prices from stabilising.
it would be helpful to work with people of opposing politics on such things, so we can become wealthy. personally, i have no income at this time, and have spent my savings.
<snip: karl mentioned some experiences that stimulate paranoia>
The crypto currency exchanges are run by crooks and are full of crooks scamming crooks. (So was the Mortgage Backed Security Market)
If you don't know who the pigeon is, you are the pigeon.
As a very smart man recently posted, we need to replace the crypto currency exchanges with atomic transactions between blockchains.
True. I have a feeling that somebody's implemented that already, but I don't know where to find it. I believe Ethereum does this, but only for on-chain currencies. I saw people discussing new ideas for doing things like this with any chain at all, around the time Qora died. I wasn't close to the community. It sounds like it's important when developing software, to be very clear and honest in the user interface, about the implications of what is going on. Having been through this shit myself, I find Bitshares sufficient. 1. We'd want to write code in a portable manner, so it can be migrated to other platforms when needed. 2. We could measure the relative trust of on-chain exchanges by verifying their price and liquidity relative to other, competing on-chain exchanges. 3. We could measure the overall safety of a given exchange by automatically verifying liquidity with it and the actual chains we are trading with. Merging this verification with actual withdrawals and deposits would deter malicious gaming of the test. 4. If no exchanges are trusted, we could run our own on-chain exchange. I might skip 2 and 3 for now and focus on researching using 4, for once there's an issue. Did you get the part of my e-mail, which you didn't quote, that mentioned bitshares? I sent a public key to Punk via a different channel. karl -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.22 (GNU/Linux) iQIcBAEBAgAGBQJgDBw/AAoJEKGYE0TAVusX0I0P/2Gn3Ub7bN1BN2Paxc9aLpUx a7a/5WL5+/SDqq6dI3YXLujCmcFk1nsUJE9IqPIWrLqY1XiVrxS/uA34IHVE7SMl pk85E1d1f2Kl3KHd/k73l5pdCy8f/Xz14S3ILkCKQzWKqM/d9Q+NTabbry71Q7WM y/s81JR1cQ1DuYDbJJ3viZ5p1VUWft5imLBhpLg5+6tI/fi6W+0QKUkaNwQGYK5S oIwTymlelsM4Wd5ZoY4l+e1lLLFKm2EEYO+3/f6yYzOaQoiWcpFHL4946yLzwtV0 tjgOgG0wfovZCeMWqdCCXNKE3DKZ23bmqBf7SWdHN3TfZ7FGWSTYx5LCjApCsO3A on2IGlBmc5NimDcqUBcf1D++rZ3+sYWY5V8wuYqTAkG6TQDr/JuvEG6TaIjY1uba jI5AXrLJv1MkexN/CKVcGa+vWJB6xgrfDG279mrJmbGUbcl+uHywuV5UwYewETsu lRz//xx4BVwAS4u5zF4/GfI4nxkX0plJAVhPu41DRNETjPSTcwgGjMvEoAJZaeJQ YSrxGZTAGO3iUWxwMKwmk8UzDsEdXNpWvRT568QKqYYyW0UFeMuVADdRazt9RbMC zw5mvwTdKUcPle3AH3taKWFILszT4VGnb7aeo+2xY3QPfFZIyZoOxkctB64CwqFD xeLihFXUs624aeA1BONl =kkV8 -----END PGP SIGNATURE-----