Arlyn I truly respect you and the team behind XC and that is the reason I am still here trying to grasp something that I do not seem to be able to grasp.
Im seeying more your point if people do not need to buy tokens to trade on the exchange they will still need to buy in whatever coin that is inside the blocknet to be able to use the exchange and they will be able to exchange it just with coins in the blocknet.
what I had in mind was a 3.0 web service exchange build on top of the mesh network you see my point? noone would have need to buy in any coin of any network he would just go in the exchange and create an account and trade. the exchange would have been on top of the mesh network instead of servers.
I see your point that with the blocknet exchange people will be able to trade from day 1 the coins in the blocknet. what I think is you can see my point also. The users would have arrived once you would have build a new exchange.
Hey Cryptico
A web 3.0 exchange built on top of the mesh network would not be something you'd log in to. Your app would receive bids and asks directly from other nodes, and it would trade directly with other nodes.
If it were only on the XC network, then how would Xnodes accept other currencies? They couldn't, because they're just XC wallets.
Alternatively you could build a traditional centralised exchange on XC's mesh network, offering different currency pairs as per usual.
But this would be no more secure than Bittrex/Mintpal/Poloniex. Its owners could still freely abuse their position of power in myriad ways.
What we're waiting for is a truly decentralised exchange. And for this to work, there needs to be an API in every currency's nodes that enable them to talk to nodes from other currencies.
It needs an XBridge. It needs the Blocknet.
You lost me big Time here. I thought The mesh Network was truly decentralised and that none could OWN or manipulate any of the Xnodes mixers in the Network.
So at this point How do you see XC in web 3.0 development? and How do you justify the Xmixer to stay on-line to collect fees? will xmixer collecting fees from the Block-net. No.
So there is no point to develop web 3.0 on top of the Mesh Network as there could be a third party Ownership of the Network? How?
Please Explain how a website on web 3.0 on XC Network as it is in the road map and was promised to Investors is different from another website called exchange.
Thank you.
There's a difference between the network that communicates data to your node, and the data itself. You've been thinking that just because XC's web 3.0 network will be decentralised, the services ("data") that run on it will be decentralised too. That's not necessarily the case.
XC's mesh network, as you correctly thought, is truly decentralised and no one party owns or can manipulate all the nodes.
But a mesh network can transmit any kind of content - traditional websites or radically new things like a decentralised exchange. That's part of the usefulness of XC's web 3.0 architecture - it can do anything traditional network architecture can do, and more.
So someone could build a traditional centralised exchange and serve it from XC's mesh. This would make it pretty hard to DDOS the site, but the site's owners could still do whatever they want with your account and not get caught.
None of this changes XC's web 3.0 development plans of course. The sort of network architecture that XC will deliver is a major advancement and a valuable service. XC's mesh is well suited to support a web 3.0 content server, and users of it will still benefit from its robustness and cost-effectiveness. Xnode owners will still get paid to serve web content to customers. In fact, since we're part of the Blocknet, XC's web 3.0 content server now has an additional market for its web 3.0 service. That's pretty significant.