James:
Well, you know, let’s weave in a crowd question that’s going to come in. Caleb asks, how would you put it, bullish pools of liquidity, improved decentralization, what, you know, the core tenet of blockchain and kind of why is a big reason for kind of why blockchain is an important new technology.
Tom:
I think it’s a great, I think it’s a great question Caleb. You know, in a way I would say let me, before I say how it improves decentralization, let me start with the opposite, that is, it’s actually quite centralized. What we do is pretty centralized. In other words, Bullish is a Cayman Islands-based company that owns a Gibraltar submarine. There is a board of directors, there is a management team, the management team and board of directors are regulated by the Gibraltar Financial Services Commission. We make decisions very, very, very centrally. If we do things that aren’t kosher from a compliance perspective or don’t add value to shareholders, shareholders can remove the board. The board of directors can dismiss the management.
So it’s all sort of centralized in, in, in, like that. So I don’t want to get into that, you know, I don’t want to sell you the decentralization benefits, although I want to give you the precursor to it right away. The second thing I want to say goes back to James. The second part of James’ question that I haven’t answered is that we really have built our entire exchange on what I call an operating system, which is itself a blockchain. So we use the EOSIO software, which is a blockchain software. This has powered a number of public blockchains, EOS, Wordly in particular, and everything we do on the exchange we run through that blockchain. So that gives us an unchanging audit trail which is beneficial for building credibility in the crypto space because, you know, there are a lot of packs and carpet pools and outright scams.
So we have an immutable audit trail. We have a secure environment in which to deploy code, and in the future, since we’ve built everything on a blockchain, we have the opportunity to turn this externally, outside the four walls of a bullish, and/or more easily connect with other people Blockchains that exist, but it’s a centralized blockchain. And so I don’t want to beat about the bush again. We don’t have decentralization in the sense of public blockchains. Now we could start a debate. Our public blockchain is actually decentralized. I would argue in the case of bitcoin, but there are very few mining pools that effectively control these networks. So there is a spectrum of decentralization, but to answer your question directly, Caleb, what we offer is unique and differentiated liquidity.
And for the most part, if you go beyond that, the tokens that we are, the coins and tokens that we list are these decentralized platforms and what our overall belief is. The world will not allow unhindered, unregulated risk transfer of these tokens and coins, mainly because you are dealing with bad actors, I mean think bad state actors think drug cartels think hackers, especially hackers. So we think you’re going to have some level of centralization in terms of exchanges, and we’re one of those exchanges, but we’re going to be able to trade on those decentralized protocols and provide liquidity without liquidity to your tokens, like us I’ve all learned that these projects fail, they wither and die. And that’s how we spend most of our time.
James:
Fascinating. Good. Another question came in very quickly. It’s kind of like that, and it’s, you know, kind of a thought that I had when you explained that, you know, so on some level you kind of, almost a stable coin of a situation happen where you are, you you are nice
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.