Mallyx
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June 14, 2017, 06:19:26 AM |
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So my token can be delisted for any reason at Wave platform. This is bad. Decentralisation is number 1 in crypto or not?
Since the tokens still exist on the Waves blockchain, what's to stop somebody from building their own Waves DEX? It would obviously be separate from the official wallet but isn't the official wallet just a "client" for the DEX? Surely someone can code a DEX on Waves that has no filters. Not sure to understand the questions. On the node's config file you can setup a new genesis block among some other options to create easily your own blockchain based on Waves. So yes, with some tricks anyone could create his own DEX on his own blockchain.
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NorrisK
Legendary
Offline
Activity: 1946
Merit: 1007
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June 14, 2017, 06:47:17 AM |
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So my token can be delisted for any reason at Wave platform. This is bad. Decentralisation is number 1 in crypto or not?
Since the tokens still exist on the Waves blockchain, what's to stop somebody from building their own Waves DEX? It would obviously be separate from the official wallet but isn't the official wallet just a "client" for the DEX? Surely someone can code a DEX on Waves that has no filters. Not sure to understand the questions. On the node's config file you can setup a new genesis block among some other options to create easily your own blockchain based on Waves. So yes, with some tricks anyone could create his own DEX on his own blockchain. He doesn't mean create a new blockchain, but create a new marketplace on top of the blockchain to allow for coins to be traded that are not supported by the official DEX. As far as I understand, the trading is still decentralized, it's just the trading pairs that can be moderated. Didn't even silk road moderate certain "goods" at one point?
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bct_ail
Legendary
Offline
Activity: 2618
Merit: 2220
https://t1p.de/6ghrf
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June 14, 2017, 07:12:46 AM |
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So my token can be delisted for any reason at Wave platform. This is bad. Decentralisation is number 1 in crypto or not?
Since the tokens still exist on the Waves blockchain, what's to stop somebody from building their own Waves DEX? It would obviously be separate from the official wallet but isn't the official wallet just a "client" for the DEX? Surely someone can code a DEX on Waves that has no filters. Not sure to understand the questions. On the node's config file you can setup a new genesis block among some other options to create easily your own blockchain based on Waves. So yes, with some tricks anyone could create his own DEX on his own blockchain. He doesn't mean create a new blockchain, but create a new marketplace on top of the blockchain to allow for coins to be traded that are not supported by the official DEX. As far as I understand, the trading is still decentralized, it's just the trading pairs that can be moderated. Didn't even silk road moderate certain "goods" at one point? Why should anyone trading those coins? Where do you see the value in those coins? I do not think, the devs would allowed that anyone create a new marketplace on top of the existing DEX
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Luke2939
Full Member
Offline
Activity: 224
Merit: 100
Building Wealth through AI and the power of the bl
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June 14, 2017, 07:24:08 AM |
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So my token can be delisted for any reason at Wave platform. This is bad. Decentralisation is number 1 in crypto or not?
Since the tokens still exist on the Waves blockchain, what's to stop somebody from building their own Waves DEX? It would obviously be separate from the official wallet but isn't the official wallet just a "client" for the DEX? Surely someone can code a DEX on Waves that has no filters. Not sure to understand the questions. On the node's config file you can setup a new genesis block among some other options to create easily your own blockchain based on Waves. So yes, with some tricks anyone could create his own DEX on his own blockchain. He doesn't mean create a new blockchain, but create a new marketplace on top of the blockchain to allow for coins to be traded that are not supported by the official DEX. As far as I understand, the trading is still decentralized, it's just the trading pairs that can be moderated. Didn't even silk road moderate certain "goods" at one point? Why should anyone trading those coins? Where do you see the value in those coins? I do not think, the devs would allowed that anyone create a new marketplace on top of the existing DEX I think it highly important to sort of moderate the tokens or assets created on WAVES DEX as there are lots of scam tokens to steal money from new innocent users. This is bad for crypto and especially for WAVES platform. I have already seen 2 to 3 fake assets trying to copy MobileGO on DEX. And 2 to 3 days back, we even had a fake Ethereum on DEX! What the hell?!?
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Mallyx
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June 14, 2017, 07:26:03 AM |
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So my token can be delisted for any reason at Wave platform. This is bad. Decentralisation is number 1 in crypto or not?
Since the tokens still exist on the Waves blockchain, what's to stop somebody from building their own Waves DEX? It would obviously be separate from the official wallet but isn't the official wallet just a "client" for the DEX? Surely someone can code a DEX on Waves that has no filters. Not sure to understand the questions. On the node's config file you can setup a new genesis block among some other options to create easily your own blockchain based on Waves. So yes, with some tricks anyone could create his own DEX on his own blockchain. He doesn't mean create a new blockchain, but create a new marketplace on top of the blockchain to allow for coins to be traded that are not supported by the official DEX. As far as I understand, the trading is still decentralized, it's just the trading pairs that can be moderated. Didn't even silk road moderate certain "goods" at one point? Why should anyone trading those coins? Where do you see the value in those coins? I do not think, the devs would allowed that anyone create a new marketplace on top of the existing DEX I think by tweaking the lite wallet you can create your own market place with selected markets. But peoples will have to download it. I think it highly important to sort of moderate the tokens or assets created on WAVES DEX as there are lots of scam tokens to steal money from new innocent users. This is bad for crypto and especially for WAVES platform. I have already seen 2 to 3 fake assets trying to copy MobileGO on DEX. And 2 to 3 days back, we even had a fake Ethereum on DEX! What the hell?!? They are working on unique asset names for the new release. Should be soon.
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Mallyx
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June 14, 2017, 08:42:21 AM |
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Why the "spams" tokens aren't that bad.Let's start from the beginning... 1. Waves is a fee-marketAnyone can lease, it's easy and only require the user to hodl the coins. No coins will be ever created. It mean that the total amount of available Waves can only decrease (= peoples losing their seed). Leasing/mining is to collect fees only. 2. How fees are generated on the blockchain ?Any transaction require a fee. Creating a token require a fee. Using the DEX require a fee. Even the "spam" tokens generate some fees though the DEX or common transactions. 3. Leasing/mining rewards analysisAccording to http://dev.pywaves.org/generators/, the last 24h generated a revenue of 2BTC. A month ago it was around 1BTC. But the total amount of coins used to lease/mine didn't moved a lot (stuck to 37M). So the reward will continue to climb as the network generate more and more fees, also as the price per Waves is growing. Even spam tokens are healthy for the networks. 4. How to fight those "spam" tokens ?The issue is that peoples get lured or bored. The Waves team is working on unique asset names. It's a first step. Then, they should work on some filters on the lite client to hide/show the tokens we want or not. The fee to create a token is good and shouldn't be increased. The more tokens we have, and the more the network will be valuable. 5. ConclusionI'm happy to see Waves growing, even with the bad side of that grow. It's important for miners/leasers to have new users that use the features I shown on 2.
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Nashamoto
Member
Offline
Activity: 79
Merit: 10
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June 14, 2017, 10:36:46 AM |
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Why does Sasha ignore these investors? Sasha can ignore these investors because nobody cares about 'other' people's money, just their own. This is why crypto adoption will take longer than some here expect, regular users are used to having fraudsters and scammers charged and prosecuted, and in the cryptosphere dishonesty goes unpunished, even when the dishonest activity is done out in the open for all to see.
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GizmoHF
Member
Offline
Activity: 88
Merit: 10
Follow your heart.
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June 14, 2017, 11:10:31 AM |
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I post, because I want to follow Waves bitcointalk. Don't mind me.
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KuromaYoichi
Sr. Member
Offline
Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
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June 14, 2017, 11:20:40 AM |
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I post, because I want to follow Waves bitcointalk. Don't mind me.
You can just click the watch button if you want to follow the thread. It will show up in the watch list whenever someone post in this thread. Regarding some token in the last day, i think we need some filter for those spam token. I agree that we should have the ability to hide some token we don't want.
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starff
Newbie
Offline
Activity: 1
Merit: 0
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June 14, 2017, 11:21:11 AM |
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Hi, guys. Does the Waves have a legal entity in any country? Thx.
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GizmoHF
Member
Offline
Activity: 88
Merit: 10
Follow your heart.
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June 14, 2017, 11:28:36 AM |
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I post, because I want to follow Waves bitcointalk. Don't mind me.
You can just click the watch button if you want to follow the thread. It will show up in the watch list whenever someone post in this thread. Regarding some token in the last day, i think we need some filter for those spam token. I agree that we should have the ability to hide some token we don't want. I appreciate your help, thanks.
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Anarchy101
Legendary
Offline
Activity: 1316
Merit: 1004
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June 14, 2017, 11:42:35 AM |
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Why the "spams" tokens aren't that bad.Let's start from the beginning... 1. Waves is a fee-marketAnyone can lease, it's easy and only require the user to hodl the coins. No coins will be ever created. It mean that the total amount of available Waves can only decrease (= peoples losing their seed). Leasing/mining is to collect fees only. 2. How fees are generated on the blockchain ?Any transaction require a fee. Creating a token require a fee. Using the DEX require a fee. Even the "spam" tokens generate some fees though the DEX or common transactions. 3. Leasing/mining rewards analysisAccording to http://dev.pywaves.org/generators/, the last 24h generated a revenue of 2BTC. A month ago it was around 1BTC. But the total amount of coins used to lease/mine didn't moved a lot (stuck to 37M). So the reward will continue to climb as the network generate more and more fees, also as the price per Waves is growing. Even spam tokens are healthy for the networks. 4. How to fight those "spam" tokens ?The issue is that peoples get lured or bored. The Waves team is working on unique asset names. It's a first step. Then, they should work on some filters on the lite client to hide/show the tokens we want or not. The fee to create a token is good and shouldn't be increased. The more tokens we have, and the more the network will be valuable. 5. ConclusionI'm happy to see Waves growing, even with the bad side of that grow. It's important for miners/leasers to have new users that use the features I shown on 2. Good or bad they should release a spam filter if they do that, it would be awesome in every way possible.
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Grahnite
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June 14, 2017, 12:55:49 PM |
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So what is happening with the whole Kraken thing? Are they going to list WAVES, and when?
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Smolko
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June 14, 2017, 12:57:57 PM |
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What are the next milestones in the waves project?
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Nahalla
Newbie
Offline
Activity: 16
Merit: 0
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June 14, 2017, 01:30:19 PM |
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If I lease all my WAVES I will receive WCT on every 15th day of month?
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Mallyx
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June 14, 2017, 01:44:44 PM |
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If I lease all my WAVES I will receive WCT on every 15th day of month?
You don't need to lease, just hodling is enough. You must hodl for the whole period to max your WCT.
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solarbulten5561
Newbie
Offline
Activity: 11
Merit: 0
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June 14, 2017, 01:59:50 PM |
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qiwoman2
Legendary
Offline
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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June 14, 2017, 02:02:54 PM |
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This is very funny, well with all the gas going on, we needed this new token rofl. I will go check it out in a little while. Also I am holding 234 WAVES for the long term so will I get WAVES COMMUNITY TOKEN in the next airdrop?
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