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The applications which are most interesting are the first implementations of smart contracts. Most notably, truly "stable" tokens which track the price of some

The applications which are most interesting are the first implementations of smart contracts. Most notably, truly "stable" tokens which track the price of something like the USD. One example of this being https://makerdao.com/ https://makerdao.com/ This is made possible through increased liquidity in crypto markets. Specifically, the movement towards decentralized exchanges for crypto to crypto transactions. As this continues to progress, interesting financial innovations like MakerDAO will be become more and more sustainable. One of the primary caveats of doing business in crypto-currency is the fluctuating value. Imagine holding a real decentralized crypto-currency that is pegged to the USD. That will open many doors for commerce, and decrease transaction costs. The ability to swap this token back and forth using atomic swaps will allow people to remain in crypto longer, without exposure to crypto price swings. Once this happens, people will be able to keep a portion of their net worth within crypto currency indefinitely. A stable coin is what the market needs to move forward, and it will happen within the next few years.

annabellish 8y ago
This is literally my point. >most interesting not most successful >the first implementations of smart contracts the latest in the long line of "no, _this_ is what cryptocurrency was always for! All the previous examples were wrong!" >Imagine holding a real decentralized crypto-currency that is pegged to the USD. That will open many doors for commerce, and decrease transaction costs. The ability to swap this token back and forth using atomic swaps will allow people to remain in crypto longer, without exposure to crypto price swings. Imagination is not a successful project. This is literally talking about things which _don't even exist yet_. >Once this happens And here we reach the crux of the issue. _If_ this happens, not once. Just like all the previous things that would have "changed the world", if only a long series of long-unsolved problems in cryptography and distributed computing were solved.

annabellish 8y ago

This is literally my point. >most interesting not most successful >the first implementations of smart contracts the latest in the long line of "no, _this_ is what cryptocurrency was always for! All the previous examples were wrong!" >Imagine holding a real decentralized crypto-currency that is pegged to the USD. That will open many doors for commerce, and decrease transaction costs. The ability to swap this token back and forth using atomic swaps will allow people to remain in crypto longer, without exposure to crypto price swings. Imagination is not a successful project. This is literally talking about things which _don't even exist yet_. >Once this happens And here we reach the crux of the issue. _If_ this happens, not once. Just like all the previous things that would have "changed the world", if only a long series of long-unsolved problems in cryptography and distributed computing were solved.