RE: Bringing the ultimate Defi to Hive-Engine??? by okean123

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Viewing a response to: @cryptographic/qgjcs2

defi · @okean123 · Sep 12 '20 (edited)

The way liquidity pools usually work is that by buying a huge amount of something you would push the price up. The price is not fixed, but varies constantly and according to which side of the market pair gets bought/sold.

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@cryptographic · Sep 12 '20

We'll see how it works out. If it was really feasible, you can bet Wall Street would have discovered it years ago - and it's not like they haven't had hoards of MIT grads working on it either. 

Algos game, and can be gamed.

Trash in, trash out. You know the old saying.

Auction markets continue to be controlled by humans for a very good reason. Nobody in their right mind is running out there creating "liquidity pools" for the pink sheets now, are they?

Lots of people are going to get hurt with this "pie in the sky", and don't say I didn't warn you.

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@okean123 · Sep 12 '20

$0.31

I mean Uniswap was around for two years now and it works without any issues - it has more trading volume than most of the centralized exchanges. 

And I'm sure Wallstreet wouldn't use something like that, but they generally don't like and use decentralized solutions, so that's logical. 

As you said we need to see how it will work out on HE to see if it will be something good.

👍 cryptographic

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