Warren Buffett and vitalik butyrin interview words for decentralized: Exchanges

in #hive5 years ago

I'm losing the race to start so centralized finance obviously this is the mother earth of everything every transaction everything that's been happening since the beginning as you see across the street over there is the big banks centralized finance brought what's money and how can you not trust how can you trust someone you don't know if he's not part of your community that's why centralized finance has been growing and growing and what do I believe in.

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I believe first that everything should be centralized obviously, I believe that everything should be nontransparent to make sure that only my friend Bob is allowed to play the golf and get the best sweet deals out I don't want equal access obviously and I want to make sure that I have a highly big success of censorship within my network what does that rain not all of these guys but some of them maybe could look into that business model and some of that guys could enable you to have a fair way of transacting to the platform.

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centralized finance well again it goes back to the same thing why do you trust your family because it's a very small group so you trust the state you trust say because you have citizenship in it you trust a company. After all, it has liabilities and it's regulated through a system that you live in and more importantly, is that when you work with a centralized system you don't only have one small little DAP and one still small product.

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I believe that you know coming from the centralized worlds and looking at the defy rule there probably best of both and there's probably a way that actually our Brotherhood could get better right we know that there are things to be improved on the security measures on the privacy as well on the control side but most probably if we have a digital ID for example on the blockchain that could probably change a lot what do you think about that I agree I agree and you know defy there's so much coming along and this is really where we want to go so that people have the option and all problems can be solved depending on what your needs are.

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The blockchain you could see lie transaction happening so you could calculate the faith of your vote so if you have five solutions and it's only halfway through and maybe only 30% of people voted but the solution a is winning and to see is winning I swear to god you're gonna choose rather than a or the C you're not gonna think about the B you're not gonna think about the D you're not gonna think of the so by this elimination process it actually brings that transparency for some level because actually could be not good at all so always way to maybe to centralize voting system.

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The multiple different exchanges and see what's the best price or you could do more smartly with pattern recognition what we're doing so in this case, we are sold half of BTC against triple Ganic CC sorry and then XT sees against eath and the other case you would go from 0 5 BTC on hit BTC 2x RP and then again on hit BTC back to ether so here you're seeing that there are different exchanges but as well there are different routes to get to the same results is that the end you want something at a better price that would better liquidy and that is so cool because you can create trading pairs that do not exist on the market as of today so if you want to buy the whole betokened darker British Pound you'll likely go from British crown to BTC BTC to homie token having at least two exchanges in between and that will take anywhere from 20 to 30 to 40 minutes.

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But what if you could execute that in milliseconds and that's what we really believe will help mass adoption in the years to come so this obviously our token we did in ICO is very successful in 2017-18 now we're really bringing making sure that it's the heart of America system by bringing membership utilities so like you got free trading with our token we have obviously back backburner and we have referendums making sure you have your vote counts and we'll be bringing more and more cool features as multi-resolution evolves in our ecosystem Luli and of course as we like to say the future is now guys if you want more information you would like to see demos if you want to bring your app in the future and compare your pricing compared to ours we can have a lot of fun we can do some fun battles as well.