Bitcoin blockchain - removing intermediaries

[JPage]

Imagine totally eliminating intermediaries like stock brokers and the 'house' in sport books.  This is the great power of the blockchain.  Now, these guys have enabled a system to trade assets - with zero human inputs in the trading chain.  If you can't understand why this is incredible, you are missing the big story of blockchain.  

https://www.cryptocoinsnews.com/omnidex-bitcoin-blockchain-crypto-exchange/

[neurotypical]

I think gambling will be huge in the future when people become aware of bitcoin. The fact that you can gamble any amounts anywhere at any time for small amounts... this is impossible to do with the traditional banking, because of intermediaries and so on.

[calkob]

I know, great is'nt it .....................

[prabowo96]

It's already working?
       
Wow $99/month is a bit high for the starter plan

[shinratensei_]

Imagine totally eliminating intermediaries like stock brokers and the 'house' in sport books. This is the great power of the blockchain. Now, these guys have enabled a system to trade assets - with zero human inputs in the trading chain. If you can't understand why this is incredible, you are missing the big story of blockchain.

https://www.cryptocoinsnews.com/omnidex-bitcoin-blockchain-crypto-exchange/

That's so fuckin amazing in this day, totally with no human inputs in the trading chain and all of the automation, this will make the another innovation with the totally of automation system seems the another centralized exchange like coinbase and bitstamp are left behind from this innovation. That's an interesting article. and totally this can be implementing into the sport books and this can be a good idea for the first sportsbook with full automation without brokers and house.

[Kakmakr]

In my opinion these intermediaries are stealing the cream and the icing on the cake. They enrich themselves on the backs of the poor, and being centralized institutions they sacrifice security and also sabotage our privacy by having to adhere to centralized regulations, for example AML/KYC regulations.

We should use Bitcoin as it was supposed to be used. Person to Person... with zero intermediaries.!!!!!

[pooya87]

maybe instead of a link to cryptocoinnews you should give a TL;DR and newbie friendly comment explaining how this works.

- what i see is that there is no bitcoin trading yet,
- there is no trading with fiat which is a big part of trading
- there is 0.05% fee!!! for trading so it is not completely decentralized!
- i didn't completely understand it but i think the trades are happening with tokens(?) in an escrow like system so again it needs trusting a third party!

[~Bitcoin~]

Actually as platform doesn't have yet supporting bitcoin and Maidsafe, Agoras Tokens, Synereo, Tether and Omni are only supported. If they can atleast add bitcoin-tether trading than it will be nice but it looks like we have to wait for next version release.

Future versions of the OmniDex exchange will seek to include bitcoin and other leading tokens that aren’t built on the Omni protocol.

I have checked another decentralized trading platform with bitcoin-fiat support like bitsquare however it seems they are still in beta testing. Does anyone have experience with bitsquare?