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Perhaps we don’t change our minds because we haven’t seen a convincing counter-argument to the thesis that blockchains are fundamentally about getting rich quic
by bradleyjg 5y ago
Perhaps we don’t change our minds because we haven’t seen a convincing counter-argument to the thesis that blockchains are fundamentally about getting rich quick through buying in early (or pre-mining) and then finding greater fools.
The most successful actual applications thus far, as far as I can tell, have been silk road and paying ransoms.
I know people that send money home and they don’t use cryptocoins. These remittances communities are savvy and price sensitive, if there was a superior product it would be spreading like wildfire.
- pfisch 5y agoPolymarket is a real use case.
- deleted 5y ago[deleted]
- legulere 5y agoWhy do you need a blockchain for that? Gambling and Insurance existed both long before blockchains.
- djamrozik 5y agoPolymarket is centralized, but one benefit of it is that you can sign up and fund your account anonymously (though you do require an email). Users are not restricted by state or national laws. On a true decentralized gambling app, email would not be needed, just wallet. It would also be difficult to regulate (the team behind it could be anonymous). And I'm not saying this is great or anything, but it shows how you can build something with a blockchain that you could not otherwise.
- pfisch 5y agoBecause of the blackmarket nature of the betting, which is illegal in many countries.