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I'm not a hater. I am just applying some critical thinking and design thinking to try to figure out where the value is in all of this to the customer. I am happ

I'm not a hater. I am just applying some critical thinking and design thinking to try to figure out where the value is in all of this to the customer. I am happy to say I'm wrong, and happy to backflip.

seibelj 5y ago
Here is one of many comments I have written https://news.ycombinator.com/item?id=25641940 https://news.ycombinator.com/item?id=25641940 But again, to those reading this thread, HN is not a place where you will find a lot of people who patiently defend crypto and blockchain. It garners a lot of downvotes.
- jeremycarter 5y ago
  I will read it without bias. Thank you.
- kaladin_1 5y ago
  >> But again, to those reading this thread, HN is not a place where you will find a lot of people who patiently defend crypto and blockchain. It garners a lot of downvotes. Blockchain is a wonderful piece of technology. IMHO I do not think anyone really has personal beef with the technology. I think majority really want to understand, and if they're asking and posing questions it is because do not understand. There might be some that have their skin in it going south but I doubt that's the situation of many. People really want to understand its use case as money.
puranjay 5y ago
Please see my comment here: https://news.ycombinator.com/item?id=27258671 https://news.ycombinator.com/item?id=27258671 some links to complement the comment: https://curve.fi/ https://curve.fi/ - for exchanging different tokenized stable coins (such as USDC > EURO). Already has over $300M in daily volume exchange. https://yearn.finance/ https://yearn.finance/ - a platform where anyone can code and deploy an investment strategy, provided it is voted on by people who hold the platform's governance tokens. Already has over $3B in assets locked in. Good idea to look at their governance platform as well: https://snapshot.org/#/yearn https://snapshot.org/#/yearn https://aave.com/ https://aave.com/ - a platform to borrow or lend your tokenized assets. Already has over $9B in assets invested
- mbesto 5y ago
  > https://curve.fi/ https://curve.fi/ - for exchanging different tokenized stable coins (such as USDC > EURO). Already has over $300M in daily volume exchange. I'm confused. How do you get EURO currency in your hand with this? i.e. either physical paper or in my bank account?
  - puranjay 5y ago
    1. Transfer to your bank account via an exchange (KYC applies) 2. Turn it into cold hard cash or a bank transfer via P2P (no KYC ) 3. Withdraw cash directly from a Bitcoin ATM (KYC may apply depending on the exchange issuing the card) 4. Transfer to a crypto debit card and buy from stores directly (KYC may apply depending on the exchange issuing the debit card) 5. Pay directly with your crypto at relevant stores (projects like AMP - https://amptoken.org/ https://amptoken.org/ - US only for now)
    - mbesto 5y ago
      1. But I still need a bank in the currency on the other end. So this might eliminate some forex fees, but that's it? 2. Again, still need a bank account on the end. 3. How pervasive are these? Can I find one on the street while traveling Munich for example? How do I get a card? 4/5. No one wants to use crypto because they get FOMO on price fluctuations. Until then it's basically useless. Until crypto becomes pervasive as a medium of exchange it's as useless as a bar of gold.
      - puranjay 5y ago
        1. P2P exchanges can happen in cold hard cash. No bank account necessary. 2. Bitcoin is barely a decade old. Ethereum was launched in 2015. Most of the DeFi core projects were launched in 2019-2020. This is extremely early stage and comparing it to the ease and convenience of legacy financial systems is a little disingenuous. It might be complicated currently, but it works. I give up. All I see on HN are people who’ve somehow dismissed an entire new tech sector without even being curious about it. The arguments are trite and shallow. At the very least, if you are on HN, I expect you to be curious about the technology and make up your mind after satiating that curiosity.

seibelj 5y ago

Here is one of many comments I have written https://news.ycombinator.com/item?id=25641940 https://news.ycombinator.com/item?id=25641940 But again, to those reading this thread, HN is not a place where you will find a lot of people who patiently defend crypto and blockchain. It garners a lot of downvotes.

jeremycarter 5y ago
I will read it without bias. Thank you.
kaladin_1 5y ago
>> But again, to those reading this thread, HN is not a place where you will find a lot of people who patiently defend crypto and blockchain. It garners a lot of downvotes. Blockchain is a wonderful piece of technology. IMHO I do not think anyone really has personal beef with the technology. I think majority really want to understand, and if they're asking and posing questions it is because do not understand. There might be some that have their skin in it going south but I doubt that's the situation of many. People really want to understand its use case as money.

puranjay 5y ago

Please see my comment here: https://news.ycombinator.com/item?id=27258671 https://news.ycombinator.com/item?id=27258671 some links to complement the comment: https://curve.fi/ https://curve.fi/ - for exchanging different tokenized stable coins (such as USDC > EURO). Already has over $300M in daily volume exchange. https://yearn.finance/ https://yearn.finance/ - a platform where anyone can code and deploy an investment strategy, provided it is voted on by people who hold the platform's governance tokens. Already has over $3B in assets locked in. Good idea to look at their governance platform as well: https://snapshot.org/#/yearn https://snapshot.org/#/yearn https://aave.com/ https://aave.com/ - a platform to borrow or lend your tokenized assets. Already has over $9B in assets invested

mbesto 5y ago
> https://curve.fi/ https://curve.fi/ - for exchanging different tokenized stable coins (such as USDC > EURO). Already has over $300M in daily volume exchange. I'm confused. How do you get EURO currency in your hand with this? i.e. either physical paper or in my bank account?
- puranjay 5y ago
  1. Transfer to your bank account via an exchange (KYC applies) 2. Turn it into cold hard cash or a bank transfer via P2P (no KYC ) 3. Withdraw cash directly from a Bitcoin ATM (KYC may apply depending on the exchange issuing the card) 4. Transfer to a crypto debit card and buy from stores directly (KYC may apply depending on the exchange issuing the debit card) 5. Pay directly with your crypto at relevant stores (projects like AMP - https://amptoken.org/ https://amptoken.org/ - US only for now)
  - mbesto 5y ago
    1. But I still need a bank in the currency on the other end. So this might eliminate some forex fees, but that's it? 2. Again, still need a bank account on the end. 3. How pervasive are these? Can I find one on the street while traveling Munich for example? How do I get a card? 4/5. No one wants to use crypto because they get FOMO on price fluctuations. Until then it's basically useless. Until crypto becomes pervasive as a medium of exchange it's as useless as a bar of gold.
    - puranjay 5y ago
      1. P2P exchanges can happen in cold hard cash. No bank account necessary. 2. Bitcoin is barely a decade old. Ethereum was launched in 2015. Most of the DeFi core projects were launched in 2019-2020. This is extremely early stage and comparing it to the ease and convenience of legacy financial systems is a little disingenuous. It might be complicated currently, but it works. I give up. All I see on HN are people who’ve somehow dismissed an entire new tech sector without even being curious about it. The arguments are trite and shallow. At the very least, if you are on HN, I expect you to be curious about the technology and make up your mind after satiating that curiosity.