102 sats \ 1 reply \ @kr 19 Nov 2021
Seems like it will be quite some time before the protocol is implemented:
"This initial draft of the whitepaper is meant to establish a conceptual understanding of the high-level design of the proposed tbDEX protocol. It should not be considered complete or final. It represents a proposed design for public comment.
Future revisions of the whitepaper will address incomplete elements and currently unforeseen issues or challenges.
After acceptance of the final protocol design, a tbDEX Protocol Specification will be developed and published. Next, a standard-comformant, open source reference implementation and SDK for wallets will be developed, as well as a reference implementation of the PFI Node software."
Does anyone have any guesses how long this process might take? Months? Years?
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11 sats \ 0 replies \ @k00b 19 Nov 2021
I’d bearishly wager at least 3 years before we see an MVP. Protocols like this are hard as is, but if you’re in a large corporation with layers of approvals and tacking on standards compliance (whatever that means) and community approval it introduces a lot of overhead. They could probably design and build something functional in the 12-18 months barring this overhead assuming they have 1% engineers which they probably do.
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4 sats \ 1 reply \ @DarthCoin 19 Nov 2021
sincerely, I am getting tired of all exchanges (no matter if are dex or not).
We already have in circulation 18+ million BTC.
More than enough to start a Bitcoin circular economy.
Start using your BTC as money. That 's it
FUCK FIAT, FUCK THE BANKS!
I have my own bank: my node
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1 sat \ 0 replies \ @jeff 20 Nov 2021
I'm in. I think many are blocked by the volatility. They can't afford it. And the solutions to spend-and-replace have spreads or fees.
Personally, I'm willing to push through the above to bootstrap. I consider it charity paid to a better future.
BUT - I personally can put my finger on a single blocker I have. I haven't seen it discussed anywhere and I anxiously want a solution.
The only reason I don't wander around asking completely random merchants or general labor contractors if they accept bitcoin, in my neighborhood, is because of the safety aspect. I don't want my house to become a target. I don't want for it to be labeled as "the house where the bitcoin guy lives". I don't want to offer a job to somebody, then they mock me to their criminal-in-the-making friend.
tl;dr I think I need a citadel first
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