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The best smart contracts don't need to be reverse engineered, they've got shared, verified source code. The bugginess is a real problem as you've pointed out. T

The best smart contracts don't need to be reverse engineered, they've got shared, verified source code. The bugginess is a real problem as you've pointed out. The "impossible to sell anything" couldn't actually be farther than the truth from all my experience buying and selling NFTs. Over $150,000 USD worth of digital collectable game cards have been traded this week alone over at https://opensea.io/recent https://opensea.io/recent - everything is based on cryptographic signing and verified ownership on smart contracts, and it works great.

simias 7y ago
Digital assets are obviously the best possible use case for blockchains and smart contracts, but can it really work outside of that use case? And even for that use case is it really more convenient than centralized solutions? From what I can tell browsing through this website those digital "assets" seem to be yet another speculative outlet with some limited gamification on top. It's cool from a technical perspective but where do we go from there?
- ErikAugust 7y ago
  You can make real games that leverage these type of assets. Plug: https://www.megacity.gg https://www.megacity.gg.
- alanfalcon 7y ago
  We're going to get the Metaverse from there, eventually! And it will be glorious. A great definition of the Metaverse and what role blockchain may play in it: https://soundcloud.com/siggraph-spotlight/30-tim-sweeney-and-the-metaverse https://soundcloud.com/siggraph-spotlight/30-tim-sweeney-and... I can confirm that the blockchain is way more convenient than centralized solutions for buying and selling digital assets once you get over the initial friction (which is still way too much). The keys here are open standards, composability, and trustless atomic transactions. As a user, I basically look at ethereum as an in-game currency—and the game is the whole of the ethereum gaming space (still nascent, yes, and polluted by a great many scammy speculative shell games) rather than a single game. As for working outside of digital asset use cases, there are certainly a large number of people trying to get it to work though I agree the use case is much less clear cut. Without exactly agreeing with Vinay here, I at least appreciated the perspective he shared in detail on this episode of the NonFunGerbils podcast: https://nonfungerbils.com/podcast/3-vinay-gupta-indexing-the-physical-world https://nonfungerbils.com/podcast/3-vinay-gupta-indexing-the...
nradov 7y ago
So in other words it's being used for something even more useless than trading Beanie Babies.

simias 7y ago

Digital assets are obviously the best possible use case for blockchains and smart contracts, but can it really work outside of that use case? And even for that use case is it really more convenient than centralized solutions? From what I can tell browsing through this website those digital "assets" seem to be yet another speculative outlet with some limited gamification on top. It's cool from a technical perspective but where do we go from there?

ErikAugust 7y ago
You can make real games that leverage these type of assets. Plug: https://www.megacity.gg https://www.megacity.gg.
alanfalcon 7y ago
We're going to get the Metaverse from there, eventually! And it will be glorious. A great definition of the Metaverse and what role blockchain may play in it: https://soundcloud.com/siggraph-spotlight/30-tim-sweeney-and-the-metaverse https://soundcloud.com/siggraph-spotlight/30-tim-sweeney-and... I can confirm that the blockchain is way more convenient than centralized solutions for buying and selling digital assets once you get over the initial friction (which is still way too much). The keys here are open standards, composability, and trustless atomic transactions. As a user, I basically look at ethereum as an in-game currency—and the game is the whole of the ethereum gaming space (still nascent, yes, and polluted by a great many scammy speculative shell games) rather than a single game. As for working outside of digital asset use cases, there are certainly a large number of people trying to get it to work though I agree the use case is much less clear cut. Without exactly agreeing with Vinay here, I at least appreciated the perspective he shared in detail on this episode of the NonFunGerbils podcast: https://nonfungerbils.com/podcast/3-vinay-gupta-indexing-the-physical-world https://nonfungerbils.com/podcast/3-vinay-gupta-indexing-the...

nradov 7y ago

So in other words it's being used for something even more useless than trading Beanie Babies.