Re:Ask HN: How aware are you about building decentralised so...
by sprafa on Tuesday July 06, 2021 @12:34PM
(#27750795)
Huh? Are you not familiar with uniswap? That’s a fully decentralised exchange running on blockchain.
Re:Ask HN: How aware are you about building decentralised so...
by bombcar on Tuesday July 06, 2021 @12:48PM
(#27751040)
Interesting - I expected there to be one, but I've never heard of it compared to the big-names.
Re:Ask HN: How aware are you about building decentralised so...
by DennisP on Tuesday July 06, 2021 @01:28PM
(#27751655)
You might not have heard of it but it does significant volume. For example, if you look at the USDC markets and sort by 24-hour volume, you'll see that Uniswap is at the top.
Re:Ask HN: How aware are you about building decentralised so...
by sprafa on Tuesday July 06, 2021 @01:15PM
(#27751477)
Uniswap is relatively new - started really working last year. There are large numbers of decentralised exchanges now.
Re:Ask HN: How aware are you about building decentralised so...
by chrisco255 on Tuesday July 06, 2021 @12:49PM
(#27751067)
Because we tried the whole centralized database thing and it just leads to trillion dollar monopolies built on value extraction of users and open source developers.
Re:Ask HN: How aware are you about building decentralised so...
by sprafa on Tuesday July 06, 2021 @03:11PM
(#27753009)
Yep
You can run someone else's software and pay for the actual running thereof, it's called installing it on a virtual machine (and things like the AWS Marketplace exist for turn-key solutions). Maybe something "microtransactiony" could happen here - but why would you need a blockchain when AWS can just make "Marketplace for normal people"?
And many of the other solutions provided end up having a central authority, in which case why not just have ... a database? Amusingly enough most crypto exchanges are internally run not on a blockchain but on a database, even though in theory one entirely on a blockchain might be a workable use case.