A Decentralized Cryptocurrency Exchange For The Blockchain Generation...

in #cryptocurrency6 years ago

words - Streamity.jpg

For most of us here on Steemit, when we hear words like blockchain, ledger, fork, hash, ecosystem, fiat, exchange, mining, decentralized, node, immutable - we all at least have a basic understanding of what the words mean, and we can correlate each of those words to their specific function within the cryptocurrency universe.

Cryptocurrencies have even spawned their very own list of crypto specific acronyms like ICO, FOMO, FUD, HODL, and P&D, that are sometimes extremely confusing in their actual meaning, and you genuinely might have more luck deciphering letters of the government alphabet soup spy agencies we hear so much about.

Some of us in fact, for lack of a better word, are “brilliant” in the understanding of these words and phrases - at a glance some can easily distinguish the difference between a distributed and a central ledger, the difference between a public and a private key, and the individual nuances of proof of work, proof of stake, and proof of brain as they relate to any specific currency. Our understanding of these words and terms didn’t happen overnight, and for many of us (myself included) trying to decipher the who, what, when, where, and why, can be incredibly daunting.

We are constantly hearing decentralized this, immutable that, exchange this, ledger that - isn’t Fiat just a crappy Italian car anyhow? The underlying meanings, the implications, and the nuances of these words sometimes are best left to the most brilliant of us to figure out - but sometimes they’re not.

Sometimes it’s up to us to do our own homework, know what the hell’s going on, and make sure we know precisely the who, what, when, where, and why, because the consequences of not knowing always becomes much more expensive in the end, and often with much more than just a monetary cost.

So what does any of this have to do with the price of tea in China, or the price of Steem in Brazil for that matter? What could possibly connect the price of BitShares in Australia, the price of cars in Japan, and the price of NEO in Germany? Which of our cryptocurrency related words is best suited to bind each of the examples together, and what are the implications for not only each and every crypto and country, but for each and every one of us?

What words come to mind when you consider taking your hard earned Dollars, Yuan, Euros, Rubles, Yen, or Pesos, and buying any of the various digital currencies out there? I can tell you what words I tend to think of first, “pain in the ass” immediately comes to mind, and if I had to describe the current system for buying and selling digital currencies using only one word, “sucks” would have to be it.

The recent rapid expansion of digital currencies into the mainstream, has prompted a group of the most brilliant minds among us, to come up with a plan to fix the buying and selling nightmare. They’ve developed an innovative mechanism for exchanging fiat currency into digital currency and vice versa. They have all but eliminated most, if not all of the problems associated with centralized exchanges, and the risks to both buyers and sellers inherent in person to person transfers, are no longer an issue.

So if you’re interested in eliminating the “pain in the ass” of buying and selling digital currencies, and you want to turn the “sucks” into something that… well, into something that doesn’t suck. Or maybe you just want to know what "words" best describe the correlation between someone selling tea in China, buying NEO in Germany, selling BitShares in Australia, and buying Steem in Brazil?

Either way, you need to stop what you’re doing right now – no seriously, stop right now and get over to Streamity, a truly decentralized cryptocurrency exchange for the blockchain generation…

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As far as the inner workings of the cryptoverse - you likely know more than I do... 2906.381.924

Fairly new to this thing well, im new. Like 8 days ago. I have trouble understanding on what or how this thing actully works. I see posts about cryptocurremcy and reading them is driving me crazy. I do not know anything about the terms they are using or how this simply works. Its like they are speaking from a totally different world. I would want to learn more about this stuff but surely it will take a while.😊

Your spot on there @ninaclara21... The crypto world is definitely different... You're not alone though - I've been involved (addicted would be a better word) with Steemit for about 5 months, and Bitcoin for quite a while now (got my first 10 for $1.12 each), but I still feel like I know absolutely nothing. As far as the inner workings of the cryptoverse - you likely know more than I do...

I think you did a great job explaining Streamity.

I'm not sure I did such a great job at explaining the actual Streamity services - honestly it wasn't really meant to. I do these particular contests more for the writing experience - to expand the topics I write about. I think I can write better if I just pick a topic and write down whatever comes to mind, rather than researching a topic - seems to be more fluid and natural. (what do you think)

Plus it gets me off my usual politics rants... LOL...

The article wasn't bland and it had a touch of humor. It was a good introduction for Streamity but you are correct the article didn't actually explain the Streamity services therefore it could not stand alone. A "for example paragraph" might have helped but otherwise it was really good. Better luck on the next competition.

whats the difference between this and bitshares?

I honestly don't know enough about Bitshares to answer that properly.

Streamity seeks to have a truly decentralized crypto "exchange", rather than the centrally controlled model. I know from my own personal experience that buying ANY crypto is a huge pain in the ass, hopefully they alleviate that - or someone else will...

Thanks for the comment @dannyshine - I wish I had a better answer for you...

Always come with the best thanks

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Good information sir thanks for sharing

You got a 1.44% upvote from @allaz courtesy of @drdave!

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