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>The "internet" was useful from conception. It was useful but it was not understood to be useful by a large majority of people. The crypto industry has develo
by decentralised 8y ago
>The "internet" was useful from conception.
It was useful but it was not understood to be useful by a large majority of people.
The crypto industry has developed novel crowdsourcing (ICOs, DAICOs, etc), fungible and non-fungible tokens, transparent voting mechanisms, token curated registries, oracles, prediction markets, state-channels, distributed time service, Zero Knowledge cryptography, leaderless consensus in distributed systems, fraud proofs, algorithmic stablecoins and a lot more.
- manigandham 8y agoWe're discussing cryptocurrencies, not cryptography. Prediction markets (called options or futures) have existed for a very long time and many other things you list are not related. We're also discussing whether it is actually useful or not, not whether it is widely understood to be (which depends on it being useful first). So the question remains, what utility do cryptocurrencies provide so far?