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>Blockchains are often criticized for being speculative toys and not doing anything meaningful except for self->referential games (tokens, with yield farming, w
by monkeydust 6y ago
>Blockchains are often criticized for being speculative toys and not doing anything meaningful except for self->referential games (tokens, with yield farming, whose returns are powered by... the launch of other tokens). There >are certainly exceptions that the critics fail to recognize; I personally have benefited from ENS and even from >using ETH for payments on several occasions where all credit card options failed. But over the last few months, >it seems like we have seen a rapid burst in Ethereum applications being concretely useful for people and >interacting with the real world, and prediction markets are a key example of this.
Was hunting this week for real-world use cases for blockchains, this is one to add to the list I feel.
- tptacek 6y agoIt is in the same way drug bazaars are: states have been hesitant to regulate blockchain applications, so they're a form of regulatory arbitrage. Without regulation, nothing prevents conventional predication markets from removing limits.