Quote from: iamnotback on June 22, 2016, 06:39:56 PM

MP nixes DEX for real-time trading:

http://trilema.com/2013/why-i-nixed-p2p-colored-coins-and-all-that-jazz/

He implies that if we prove him wrong, then he can just take the value for himself.

But if the system is truly decentralized, he can't take the value and no one can.

Who is correct? MP or the future of DEX?

I'll say something about this with code.

Perhaps part of the reason of me starting this thread is because I share some of the ideals Bytemaster holds. I was curious why no one uses the dex when it assists with our pursuit of "life, liberty, and property." I do hold concerns around algo's, distribution, decentralization, etc... however these are all ground floor projects and if successful should be able to improve on these items over time. With many things in life you only learn from failures and those who are strong enough pick themselves back up and try again.

Changing gears slightly with the article you linked but highly relevant about all blockchains. Many talking points.

-How much decentralization or how distributed do we need a system to be? Most obvious answer is enough to prevent downtime via artificial issues, ddos etc...
-Will xy amount be safer compared with the current banking system? Social engineering of hacks, think bank of Bangladesh, civil asset forfeiture, list goes on.
-Will xy be safer compared with current business models? Customer record keeping
-Where is the weak link? Blockchain or end user?

A properly coded, peer reviewed, always improving blockchain (think llinux) should be a better solution compared to many of the systems out there.

When you read about the following, day after day, why is crypto still on the ground floor? Yes BTC can help, but a combination of the current crypto systems can really make a difference. Is it ego's or greed that keep the talent from cooperating on these projects?

The markets are rigged
http://www.zerohedge.com/news/2016-05-23/cme-admits-futures-trading-was-rigged-under-old-system

Asset forfeiture. You don't own property, you lease it from the .gov. You don't own your money, your only allowed to use it under their terms
http://www.zerohedge.com/news/2016-06-08/how-irs-used-civil-asset-forfeiture-ruin-lives-two-connecticut-bakers
http://www.zerohedge.com/news/2016-06-22/irs-admits-illegally-seizing-bank-accounts-agrees-give-money-back#comment-7722469

Capital controls. This will spread
http://www.zerohedge.com/news/2016-06-22/uk-regulators-demand-bank-wargames-modelling-capital-controls-bank-runs-20-devaluati

iamnotback, I am curious where your project is headed.