TLDR; With every design decision comes tradeoffs.
The article could be helped by first defining what “arbitrage” is. Generally, it means that a trader has a positive probability of trading two identical assets, result in a position of 0, but with profit.
Good point, really what that row should read is “Cancels are an expensive consequence”
In a p2p environment users are placing orders privately so allowing them to expire will be a safe method for retiring orders. This is not the case on a public order book, as the moment that order is “off value”, the maker will rush to…
Hey thanks for reaching out and my bad for missing this earlier.. 1. Point on low latency mainly has to do with the lack of a central location where orders need to be passed. Because users are communicating pricing peer to peer, the latency is simply the distance between the nodes and the process time at each node. The races you are referring to I…
Hey Will, thanks for this, and I hope you have a good start to 2018, likely to be an exciting year for both 0x and AirSwap.
>The overhead associated with negotiating each over-the-counter (OTC) trade makes this approach unsuitable for moving small amounts of value.
Very sorry you had this experience with the whitelist.
We used a third party service for our KYC, and because of limitations involved, we ended up sleepless for 72 hours trying to get everything in order.
You are welcome to audit any of our public Ethereum addresses. We can assure you the ETH will be used to continue to build a next generation platform.
Hi it’s Oved, co-founder of AirSwap.
What we are building is a peer-to-peer exchange that promises two of the key advantages of a decentralized exchange: users are always in control of their own assets, and liquidity is accessible by anyone globally. We chose the Swap design because it promises scalability, privacy, and…
Really unfortunate to hear this extreme price movement, and I fear that because much of trading is automated these days that this may be a more than expected regular occurrence unless the proper controls are put into place.