Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
jd1959
on 21/04/2017, 23:09:12 UTC
makes me wish i bought more

Me too! I guess hindsight is 20/20 though. Crazy pump going on now. It will be interesting to see if it can be sustained or not.

Now that I have a little bit more understanding of how the DEX works, I am not really that bullish on this project anymore. The way I understand it, it requires everyone to download the full blockchain of each coin they want to trade. How inconvenient... If that stays a requirement, then I'm not sure how big this can get (as far as volume/liquidity on the exchange).

The hardest part about DEXs is getting volume and liquidity on them. Up-thread there is mention of not wanting to go the multisig route with oracles hosting the wallets, because it is not fully decentralized. Although I agree it is not fully decentralized, I think for a DEX to work you need to compromise as far as decentralization and ease of use. I still think this project has some room for growth, but I don't know about its near term viability. It could be a decade before any decent volume is being transacted.

Bitshares, InstaDEX, Supernet, etc. have all struggled to gain decent liquidity/volume after garnering a huge amount of hype and a large market cap (all of those were as high as #2or #3 on market cap list at one point... well maybe not Supernet, but it was pretty high up there too). I kind of feel like this project is headed down the same path.

I will keep my Blocknet coins, because I want a DEX to succeed, but I hope the convenience of trading is addressed.

Food for thought.

Public perception is everything.

I'm not saying that the gui devs are doing a bad job, they are kicking ass in fact, however, maybe you need a few more to get stuff out a little sooner.

There are not many people interested in seeing GUI coming out. Those who need it will compile it themselves, will take a couple of hours. If you are interested in utility that Komodo provides, you will eventually figure out how to take advantage of it without diving too deep into technical stuff. We all saw it coming a mile away and took an appropriate action.

A easy install GUI wallet is essential for mass adaption. As for the GUI team it looks like a case of  "Ambition outweighing Ability"  and we are now witnessing talk of smart contracts, and other complex additives

This project has been running for "8 months" and people are still complaining about wallet problems. Supernet still using NXT wallet this has become a comedy of errors, still I suppose we all need a laugh now and then.

Cheers Jon  Roll Eyes