So we want people to feel comfortable using us and third, I'm funding this myself. I think people generally get network effects. Brian Krogsgard: Hello and welcome to Ledger Cast. The blend of stable coins is super interesting to me, like the way. With the multi-wallet API support, this reduces the use of 3 different wallet APIs in order to achieve the goal of querying 3 types of cryptocurrencies. Their users won't know it, but yeah, we're powering all of that. One is want to be like the internet archive of the new financial system.
This episode is brought to you by Delta. Perhaps this is overkill for what we have right now, but what we're intending to build is the data backbone for the new financial world, for the open financial system. Clay Collins: Exactly, yeah. And, Clay, I look forward to just keeping an open channel and learning more about what you're working on and what you're thinking about. Hey Clay, welcome to the show. But this is a normal old business, not like a blockchain project itself. Then two other scenarios I've seen, one was when Binance had the Syscoin hack and shenanigans that they did recently, someone stole 11 Syscoin for 96 BTC each. So I think you summarized that correctly. And it's kind of these companies that other people find boring, I find immensely interesting. Of what became a big company with Leadpages to saying, "Hey, we're gonna get involved in cryptocurrency and go after this data play."? We're cryptocurrency trading api bitcoin exchange api python not issuing a token.
So yeah, we're doing all of that and then add to that different indexes. The more stuff that gets built on Ethereum, the more likely Ethereum creates that stronghold, even if, like everybody believes, it's garbage. I had heard a really good audio documentary about cryptocurrencies and there was a part of me as a product person that respects the craftsmanship that said to myself I want to create something that is like planet money level. Other exchanges do things like. Brian Krogsgard: I think they support like a dozen exchanges so that you can see the actual order book, the depth charts, recent trades, all that stuff, right there in the app. Clay Collins: All that stuff and tracking their behavior before you even have an email address or some sort of identifier. Those are the folks that pay. Clay Collins: They were nice enough. I think there's something real about Ethereum. So it could just be a crappy programmer somewhere. Brian Krogsgard: Or three nines, whatever your promise. Clay and I've been talking a good bit over the past several weeks, ever since I pinged him on Twitter looking for information about their API. If you want to set up an online store yourself and want to use a ready-made Bitcoin checkout system, Bitpay will be the best candidate.
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It's not something that most people have the stomach for because it's slower at first, but it pays off in spades down the road. It would be the bid jump way across the ask and purchase something like way over here. I actually knew cryptocurrency trading api bitcoin exchange api python who you were in your prior company, which is Leadpages by the way, for anyone listening from the web space. A lot of these hedge funds really aren't doing forex trades, but in a lot of ways, that's what Bitcoin coin. Clay Collins: Like an abstraction layer. So I'm super interested in this, but what.
Don't other sites like maybe Live Coin Watch have this data?" And they don't. But you're not involved in the day to day management of the company. Krakens own API allows you to get asset info, ticker info, trades, order book, balances and other various ledger features. And I'd like you to fill in for everyone else, like what the heck is Nomics at a thousand foot view? And then I was actually looking to potentially use your API and we're gonna dig into this about what Nomics is, why you're building what you're building. Instead of all that PHP work and Coinbase API, you can cut time and enhance security with Bitpay. So if you buy their stable coin blend, I guess their whole point is like you're buying the average of all the stable coins so that it will be stabilized to stable coin mix to be even closer to a dollar. Brian Krogsgard: Yeah, definitely not. I go to Vegas every once in a while. It doesn't necessarily matter, as long as that's what people keep building on, and the developer ecosystem builds around. Would that be from there and higher or lower the bar? Clay Collins: Usually they've filed as a sort of a Reg D fund or they're usually regulated in some way, so they're not just playing with their own money. And it's millions of dollars.
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A lot of websites and Bitcoin startups actually use the Coinbase API due to its features and plus, its micro-transaction system is more efficient when identifying who established the transfer of funds between Coinbase users and who received. Or is this marketing for Nomics? Backtest your strategies, use the best possible crypto data to run simulations and backtest your trading or investing strategies. I think kind of the DNA you have to have to make this kind of product is very different from the average product in this space. That's something- Brian Krogsgard: So, their API is actually going to come directly cryptocurrency trading api bitcoin exchange api python from you? There's just a lot of bizarre stuff happening in this space. It's like Visa: the more people that accept Visa, the more valuable Visa. It was really a pain in the ass, but the interesting thing is, after I finished that, I figured out what my workflow was for creating these, and I've realized. That doesn't even get into a future where there's derivative products or futures or options. So y'all want to support all of that someday right? So we really wanna open source that and it's powered on the back end by the Nomics API, which is an aggregator API.
It's so much faster. For instance, I know custody is an issue for real institutional investors, whereas, for a lot of people with a little less on the line, they can kind of manage custody in-house. It was called usdt USD and people were integrating with that and they didn't know is that tethered to USD or is that USD to true USD. I apologize for shilling. You place a phone call, you arrange the price ahead of time, and then you do the trade. Brian Krogsgard: Especially if you need information back quickly and reliably. Because in the web or whatever, open-source software, historically we don't really assign monetary value directly to the platform, a protocol, an API, whatever. I think we should hire a CEO and I can stay on the board." In fact, I wanted to stay on the board and so I started thinking about. Brian Krogsgard: How do you bring exchanges on to participate to this? What I'll be really, truly. Everything you do on m is actually pretty advanced for someone that at least wants to view and use a data. CoinMarketCap has become industry leader through consistent top quality work in the field of crypto price data. So how did you transition from building a big company.