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Velocity: decentralized derivatives built on Ethereum

48 pointsby moeadhamalmost 9 years ago

4 comments

ianpurtonalmost 9 years ago
The article skips over the biggest risks of running an anonymous market like this.<p>1. How do we know the pricing feed is not tampered with. If Bitstamp takes a huge position in this market they can make it so that they win.<p>2. The &#x27;trusted oracle&#x27; velocity can also take positions if it sees a whale opportunity and steal funds.<p>As an aside if you have a trusted oracle then there&#x27;s no need to use ethereum. You can implement all of this on the Bitcoin blockchain.
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modelessalmost 9 years ago
It&#x27;s not decentralized if there&#x27;s a trusted oracle.
vonklausalmost 9 years ago
hmmm. this seems wildly unneccessary. derivatives are complicated finacial products, why do they need to be introduced into an ecosystsm that is complex by itself. also, on mobile (presumably also on the web) it just says derivatives built on ethereum and a link to the white paper. no idea what this does&#x2F;use case. might be wise to put up a but more info.
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aj7almost 9 years ago
Impossible to get content.
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