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by fastdev 2990 days ago
> The decentralized approach to this is to announce the sale on the network/market and pick the best offer

It seems that we already have similar marketplaces implemented in a centralized fashion, e.g., Nasdaq. It allows to perform price discovery and does not force you to see to a specific party.

Do we really need to build a decentralized marketplace?

1 comments

Centralized marketplaces / price comparison services / middle men etc exist and do a good job

But very often they can't do the optimal prices or all the inventory - eg stock not listed on nasdaq - so it comes down to "are you able to move quickly/cheaply" (and/or is the inventory able to move quickly/cheaply)

> But very often they can't do the optimal prices

Are there any reasons why a centralized marketplace are worth in price discovery?

> eg stock not listed on nasdaq

I guess if a stock is not listed on Nasdaq it either listed somewhere else or there are some (probably reasonable) legal restrictions that prevent it from being listed.