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I have this discussion at least once a week. What would you build if you could deploy an uninterruptible, transparently verifiable, fully autonomous software ap
by lazzlazzlazz 6y ago
I have this discussion at least once a week. What would you build if you could deploy an uninterruptible, transparently verifiable, fully autonomous software application? I promise you that we can discuss many examples (any kind of marketplace or platform but with community governance and no rents, decentralized exchanges, global-by-default payments, highly interoperable and efficient financial infrastructure), but what would you build?
That's the answer to your question.
- csa 6y agoI will be sure to relay this answer to my non-tech friends who ask about cryptocurrencies. I’m sure this answer will send them running to buy. /s All joking aside, for a conversation you say you have weekly, this is a really lame answer due to the abstractness of it. My guess is the reason you don’t give concrete answers is because either tech already exists for that use case or non-crypto tech could be easily developed if it doesn’t already exist. Please, please, prove me wrong. I want to be a crypto fan, but vague answers like the ones you provided above are the reason a lot of people think crypto is smoke and mirrors and/or snake oil salesmen.
- dfjklgj45985 6y agoGP is incredibly "concrete": >...any kind of marketplace or platform but with community governance and no rents, decentralized exchanges, global-by-default payments, highly interoperable and efficient financial infrastructure... As seen in various forms here: https://ethereum.org/en/dapps/ https://ethereum.org/en/dapps/ I can only guess that you are not familiar with the technical jargon. Your pleading strikes me as potentially disingenuous, but I will speak earnestly in spite of that. You will or (will not) be a "crypto fan" after you've absorbed enough technical literature to make your own judgement about what is happening. If you have the time, I recommend starting with the Bitcoin and Ethereum whitepapers.
- csa 6y agoI have read the white papers. I am familiar with the jargon. The list that was provided was of abstract ideas without stating a specific market — any market. The ethereum apps you linked to might be interesting from a technological standpoint, but they don’t really add value — they just are [banking function] or [payment function] with cryptocurrency. The most generous example that I can come up with is that crypto makes it possible to displace PayPal and similar payment processing middlemen, but I’m not sure most people (outside of a few legal outliers) actually want those middlemen replaced. So even then, the issue isn’t that crypto is so great, it’s just that the fiat currency system is slightly inefficient while being incredibly fixable. I guess I just don’t see the demand in the marketplace for what crypto is providing the supply for (other than as a tool for speculation... it’s really good at that).