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Very actual real utility here? What's utility to you? Is buying a in-game COD skin utility? Or how about roblox bucks? How about the trillion dollar derivative

by arberx 5y ago

Very actual real utility here? What's utility to you? Is buying a in-game COD skin utility? Or how about roblox bucks? How about the trillion dollar derivatives market? All those things easily disrupted by DeFi.

notJim 5y ago
I think it's a fair question, but these are not great examples, IMO. COD skins and Roblox bucks can only be produced and sold by one company, so I don't see why you would need a decentralized protocol for them. CS:GO doesn't use DeFi, and apparently the market was active enough to be used almost entirely for money laundering. For other financial markets, I can definitely see more of a case to be made, but it remains to be seen whether that will actually take off. From what I've seen, the crypto markets right now are primarily dealing in crypto, as I said.
- arberx 5y ago
  The difference with COD skins being in-game vs on a blockchain is not only can you associate a universal identity to them (your wallet address), but anyone can see and trade for them anywhere. Maybe not the best example, but if you generalize to artwork/digital content it really makes sense.
  - thegreatpeter 5y ago
    why would COD allow that to happen
  - aero- 5y ago
    Why would you need to trade your COD skin through a decentralized distributed network if that skin is only usable through a specific centralized game? The use cases for CRYPTO and NFT are extremely small. Its a solution that's been looking for a problem for over 10 years.
    - acjohnson55 5y ago
      Agreed. I think the real use for NFT is tradable identities/roles, which grant access to digital or physical experiences that span organizations. Remains to be seen whether someone builds a killer app/experience around that. So far, people are only interested in mundane simulation of physical scarcity.
tnzm 5y ago
Did you accidentally a word? >Is buying a in-game COD skin utility? Or how about roblox bucks? How about the trillion dollar derivatives market? No.

by arberx 5y ago

notJim 5y ago

I think it's a fair question, but these are not great examples, IMO. COD skins and Roblox bucks can only be produced and sold by one company, so I don't see why you would need a decentralized protocol for them. CS:GO doesn't use DeFi, and apparently the market was active enough to be used almost entirely for money laundering. For other financial markets, I can definitely see more of a case to be made, but it remains to be seen whether that will actually take off. From what I've seen, the crypto markets right now are primarily dealing in crypto, as I said.

arberx 5y ago
The difference with COD skins being in-game vs on a blockchain is not only can you associate a universal identity to them (your wallet address), but anyone can see and trade for them anywhere. Maybe not the best example, but if you generalize to artwork/digital content it really makes sense.
- thegreatpeter 5y ago
  why would COD allow that to happen
- aero- 5y ago
  Why would you need to trade your COD skin through a decentralized distributed network if that skin is only usable through a specific centralized game? The use cases for CRYPTO and NFT are extremely small. Its a solution that's been looking for a problem for over 10 years.
  - acjohnson55 5y ago
    Agreed. I think the real use for NFT is tradable identities/roles, which grant access to digital or physical experiences that span organizations. Remains to be seen whether someone builds a killer app/experience around that. So far, people are only interested in mundane simulation of physical scarcity.

tnzm 5y ago

Did you accidentally a word? >Is buying a in-game COD skin utility? Or how about roblox bucks? How about the trillion dollar derivatives market? No.