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Doesn't diminish your point in itself, but NBA Top Shot is a bad example since it runs on a centralized chain (Flow) and even recently had drama about a user be
by leppr 6y ago
Doesn't diminish your point in itself, but NBA Top Shot is a bad example since it runs on a centralized chain (Flow) and even recently had drama about a user being locked from withdrawing their funds [1].
There are tons of ways trust assumptions about smart contracts can be misunderstood. The current general education level about crypto seems similar to when snake oil sellers where sprinkling "artifical intelligence" in their products to make them "smarter". A drip of "blockchain" and suddenly your product is "trustless".
[1]: https://defited.medium.com/my-centralized-experience-dapper-3d3e3a99cbd7 https://defited.medium.com/my-centralized-experience-dapper-...
- qqii 6y agoI did not know this, thank you for brining it up! From the story it looks like this is the classic issue of bridging blockchain with the real world. Am I right in understanding he's trying to withdraw USDC from Flow to Ethereum (https://support.meetdapper.com/hc/en-us/articles/360059124673-Withdrawing-your-Dapper-Balance-in-USDC https://support.meetdapper.com/hc/en-us/articles/36005912467...) and requires KYC and the process is actually centralised? I'd have imagined that Cricle would have build a decentralised flowUSDC-ethUSDC bridge but perhaps there's a regulation reason which also explains the KYC requirements. If this is the case, hopefully someone else can pick up the slack and create a Flow-Eth bridge/atomic swap.