#bitcoin-wizards on 2021-01-01 — irc logs at freenode.irclog.whitequark.org

2015-10-30 00:53 sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja

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17:29 <uiuc-slack> <mikerahqc> Hello

17:29 <uiuc-slack> <mikerahqc> @amiller and I were discussing the technical changes needed to blockchain like Bitcoin and Zcash in order to build a AMM (automated market maker)-based DEX

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18:04 <uiuc-slack> <amiller> Even ignoring the zcash part, it's a question about a uniswap like AMM would look in the UTXO model

18:05 <uiuc-slack> <amiller> I think any instruction added to bitcoin script to support an AMM would necessarily break reorg compatibility

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18:28 <yanmaani> DEXes are stupid. People don't trade anything of value on them. They add no value.

18:28 <yanmaani> Centralized exchanges already do everything people need them to, in terms of futures, and in terms of spot, DEXes are not able to deliver either.

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23:57 <uiuc-slack> <mikerahqc> Isn't this true for any (or most) instruction additions or substractions to bitcoin script?

23:58 <uiuc-slack> <amiller> i don't think so, like for example checklocktimeverify was a recent addition to bitcoin script

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