Some Thoughts On the Bittrex Delist and Gridcoin

in #gridcoin5 years ago (edited)

With regards to the delisting itself, at the very least we must respect that Bittrex is an exchange and an exchange is a business and businesses have the freedom to make their own decisions without an explanation. Unless they decide to enlighten us on their rationale, we are left to draw our own based on their public comments on delisting found here. That is the system in which we operate. It is neither good nor bad. It just is.

However, if you do not agree with the system in which you operate, change the system, build an alternative, innovate for your own needs.

This is a driving principle of open systems, open-source organization and development, and distributed ledger technology. Anyone can use the tools available to innovate. There is no need to seek permission.

Let's look at the quintessential example of an open system: the internet.

The internet created a protocol for global communication and exchange of information. It was implemented as an open system. Ideas, business, culture, technology, whatever; no one needed to ask permission to build anything they wanted on the internet. Some people innovated on scales of a few -- a group of friends making a geocities site to share ASCII art -- while others innovated on scales of billions. It made no difference.
Open-source communities continued the legacy of the open internet. Without seeking permission, people built on the work of others in order to innovate for their own needs. People built for themselves instead of for the strategic goals of a larger entity. People built with passion. They built things of soul.
DLT is a result of this legacy. Its initial tech, the Bitcoin blockchain, was implemented as an open system. All permissionless blockchains are implemented as open systems. No one needs to seek permission in order to participate, to run a node, to change the code, to build, to innovate.

Gridcoin is such a system.

The people that participate do so for their own reasons, without permission, to foster change for their own reasons. They build with passion because they build with purpose. They build with purpose because there is a change they'd like to see or use. They build with Gridcoin because it offers a means to their end.

I cannot speak for anyone but myself, however from the people I have met over my years in this community, I am confident when I say that most of these sought after changes are systemic.

We live in a world of closed scientific, economic, and macro systems. We want to build alternatives to these systems.

Gridcoin and the larger blockchain ecosystem offers everyone the tools, opportunity, and community to open these systems to the levels of innovation open systems historically encourage.

All anyone needs to do is learn to use them.

Sort:  

It's a pity that they did not take into account what Gridcoin means for the science computing...

Maybe they did. The reality is we just don't know.

Can someone recommend a different exchange? I had been doing all my trading on Bittrex: GRC, bitcoin and Byteball.

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.028
BTC 62928.79
ETH 2465.26
USDT 1.00
SBD 2.55