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> We believe that the next wave of computing innovation will be driven by crypto. There’s actually another less obvious interpretation of this, which is that t
by SkyMarshal 5y ago
> We believe that the next wave of computing innovation will be driven by crypto.
There’s actually another less obvious interpretation of this, which is that the creation of cryptocurrencies is funding the development and deployment of new technologies, some of which may be useful beyond cryptocurrencies.
There are a number of academic research labs that have been funded in part or in whole by cryptocurrencies, and which exist to pump out new cryptography, distributed systems architectures, etc.
For example, zk-SNARKS got a huge boost in use by cryptocurrencies the past decade, and there’s been an explosion of derivatives and advancements funded by the cryptocurrency industry since.
Beyond the hype and buzzwords, that’s at least one lasting and tangible benefit of this industry.
- 71a54xd 5y agoExcept for the leveraged Binance futures "tokens" that basically didn't function properly and all tanked without any real legal repercussions for Binance[0]. Unfortunately all of the competent exchanges with assets similar to these (let's be honest here... only FTX) aren't available for use in the USA in their full capacity. [0] - https://www.theblockcrypto.com/post/49898/how-a-misleading-tweet-drove-binance-listed-matic-token-tank-by-70 https://www.theblockcrypto.com/post/49898/how-a-misleading-t...
- SkyMarshal 5y agoDid you respond to the right post? I don't see how anything you wrote is relevant to my post. You're talking about trading, I was talking about R&D.