3 ms·
> Has anyone found a non-criminal use case for blockchain yet? As others has pointed out, DeFi is impressive, though still mostly fueled by speculation at this
by pragmar 6y ago
> Has anyone found a non-criminal use case for blockchain yet?
As others has pointed out, DeFi is impressive, though still mostly fueled by speculation at this point. Digital collectables is another (think digital trading cards with limited supply). Might sound silly at first, but could prove an economic lever for artists and game designers.
> Preferably one that isn't better addressed by a single Postgres instance?
And here's the problem. Blockchain is expensive. A central, trustworthy server is going to be ridiculously inexpensive in comparison. For all the cost, the major benefit is resilience.
- RexetBlell 6y agoLayer 1 is expensive. There are other really cool projects that get the same level of security as layer 1, but are much faster and cheaper. For example https://zksync.io/ https://zksync.io/ allows payments that take less than a second and cost less than 1 cent. It’s based on zero knowledge cryptography. Someone should build a way for people to pay 10 cents per article to read the New York Times without registering using this technology and a stable coin.