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If we look at Lightning, it enables a full implementation of the 402 response code flow, which would allow for decentralized identity and payments in the use of

If we look at Lightning, it enables a full implementation of the 402 response code flow, which would allow for decentralized identity and payments in the use of machine learning networks for a wide variety of AI based systems. One such use case may end up being the "killer" use case for crypto and may make up for the speculative phase we're in now.

knorker 6y ago
> One such use case may end up being the "killer" use case for crypto and may make up for the speculative phase we're in now. If I had a penny for every time someone said "X may be the killer use case for cryptocurrencies"...
- jarym 6y ago
  Yep. So far crypto has been the killer use case for the problem of excess electricity. 100% no BS its true.
- yui43 6y ago
  You’d have 587 million dogecoin, which is totally useful currency and not a speculative joke named after a meme.
pk_kinetic 6y ago
It seems rather poor form to ask someone to disclose their exact crypto holdings for the sake of legitimizing, or delegitimizating their position. Couldn’t it just be a binary yes or no? Disclosure: I own some crypto.
- reducesuffering 6y ago
  No I don't think it's poor form. If we had a forum full of people talking about how great Facebook is, and when forced to disclose their $FB holdings, realize everyone is holding $100,000+ of $FB, we might realize we have skin in the game to talk it up instead of objectively evaluating it. Big difference in incentives between $10 and $100,000. Stake 0.05 BTC, 1.2 ETH
  - pk_kinetic 6y ago
    Imagine a world where you can’t argue about anything without disclosing the exact amount of stake you have in it. Skin in the game works both ways. FOMO is a real thing.
    - mijamo 6y ago
      Your comment is funny because in many countries all people that talk in a national assembly need to disclose their stakes. So yes I can imagine it, because a lot of parliaments work exactly like that. And I am not sure what "both ways" means but of course you have to disclose if you have taken a short position in the matter.
      - pk_kinetic 6y ago
        People who talk in a National Assembly have real influence on laws so conflict of interest is a real problem. If the chair of the SEC comes out for or against crypto (or any financial product) of course we should know what investments he holds. We’re arguing about a subject on a message board. It’s not going to have any influence whatsoever on the price or whether it fails or not. I would hate to have to disclose the exact amount of Toyota stock I own anytime I argue with someone the merits of Toyota over Ford or Honda.
        reducesuffering 6y ago
        You don’t have to. However, TFA explicitly asked you for this discussion. You’re free to join the thousands of other discussions where there’s no ask to disclose stake. There’s value in one that does.
        pk_kinetic 6y ago
        I haven’t made a case either for or against crypto either way in this thread, except to state that I have some crypto. There might be value in a discussion that asks for disclosure. I’m not sure this discussion is working as intended though, judging the amounts of disclosures in the comments. Just an observation.
- deleted 6y ago
  [deleted]
- tim333 6y ago
  He doesn't say "exact crypto holdings." I'm sure something like disclosure - I hold some ETH would do.

knorker 6y ago

> One such use case may end up being the "killer" use case for crypto and may make up for the speculative phase we're in now. If I had a penny for every time someone said "X may be the killer use case for cryptocurrencies"...

jarym 6y ago
Yep. So far crypto has been the killer use case for the problem of excess electricity. 100% no BS its true.
yui43 6y ago
You’d have 587 million dogecoin, which is totally useful currency and not a speculative joke named after a meme.

pk_kinetic 6y ago

It seems rather poor form to ask someone to disclose their exact crypto holdings for the sake of legitimizing, or delegitimizating their position. Couldn’t it just be a binary yes or no? Disclosure: I own some crypto.

reducesuffering 6y ago
No I don't think it's poor form. If we had a forum full of people talking about how great Facebook is, and when forced to disclose their $FB holdings, realize everyone is holding $100,000+ of $FB, we might realize we have skin in the game to talk it up instead of objectively evaluating it. Big difference in incentives between $10 and $100,000. Stake 0.05 BTC, 1.2 ETH
- pk_kinetic 6y ago
  Imagine a world where you can’t argue about anything without disclosing the exact amount of stake you have in it. Skin in the game works both ways. FOMO is a real thing.
  - mijamo 6y ago
    Your comment is funny because in many countries all people that talk in a national assembly need to disclose their stakes. So yes I can imagine it, because a lot of parliaments work exactly like that. And I am not sure what "both ways" means but of course you have to disclose if you have taken a short position in the matter.
    - pk_kinetic 6y ago
      People who talk in a National Assembly have real influence on laws so conflict of interest is a real problem. If the chair of the SEC comes out for or against crypto (or any financial product) of course we should know what investments he holds. We’re arguing about a subject on a message board. It’s not going to have any influence whatsoever on the price or whether it fails or not. I would hate to have to disclose the exact amount of Toyota stock I own anytime I argue with someone the merits of Toyota over Ford or Honda.
      - reducesuffering 6y ago
        You don’t have to. However, TFA explicitly asked you for this discussion. You’re free to join the thousands of other discussions where there’s no ask to disclose stake. There’s value in one that does.
        pk_kinetic 6y ago
        I haven’t made a case either for or against crypto either way in this thread, except to state that I have some crypto. There might be value in a discussion that asks for disclosure. I’m not sure this discussion is working as intended though, judging the amounts of disclosures in the comments. Just an observation.
deleted 6y ago
[deleted]
tim333 6y ago
He doesn't say "exact crypto holdings." I'm sure something like disclosure - I hold some ETH would do.