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I got caught up in the hype of Bitcoin and thought it would change the world, but the reality is that it doesn't really 'do' anything. All the apps that I've se
by scottybo 7y ago
I got caught up in the hype of Bitcoin and thought it would change the world, but the reality is that it doesn't really 'do' anything. All the apps that I've seen on the blockchain are pointless, or more efficiently built using non-blockchain stacks.
I was interested in a coin called MedicalChain which promised to store your medical records in the blockchain, but it seems to be vaporware (lost a little bit on that one!).
When Libra came along I thought that it would be 'the one'. Finally, a blockchain that could reach the mass market and actually be usable. Just a shame it's Facebook...
- Vadoff 7y agoSounds like you got caught up in Blockchain hype, not Bitcoin hype.
- biolurker1 7y agoRead up the Deutsche bank latest report and you will feel better if you didn't sell
- 1ark 7y agoLink to the report: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD000000000050...
- lazzlazzlazz 7y agoHave you looked into the so-called "DeFi" space? Compound, MakerDAO, Synthetix, and others have some very interesting and surprising product offerings with incredible potential. Celo and others are working on Libra alternatives. Arweave has probably the most compelling decentralized but economically thoughtful web-friendly storage system I've seen — and it's launched, live, now. They certainly "do" things, although they're in early days. And none of them are Bitcoin.
- Mithriil 7y agoArweave looks promising at first, but by reading their yellow paper [1], we realize they want the storage to be permanent and immutable. It seems interesting for archives that are not gigantic in size, but for websites... [1] https://www.arweave.org/files/arweave-yellowpaper.pdf https://www.arweave.org/files/arweave-yellowpaper.pdf