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Issue #27: Deeper Dive into Decentralized Finance (DeFi)
- sharemywin 5y agoCouple thoughts: 1. for the bulk of the population most don't need to store much financial value past a couple of days or hours even. 2. if true competition of transaction fees, data storage and computation happens a lot of stored value will disappear. think replacement value not market value. 3. With Defi cross chain transactions offer real competition across chains and hence transaction fees. 5. Proof of stake seems like it could be efficient enough to provide a competitive alternative to a central authority 4. A waitlist combined with some kind of discount on a marketplace utility token, an auction to build and service the network as well as an affiliate program might offer the economics to solve the chicken and egg problem. Which would reduce the power of network effects. 5. and if there were a marketplace of bots that indexed the world to maximize the value and utility on your time it would realize watching ads is a very poor use of your time and it would be much more efficient to work an hour on a side project and pay for a bunch of content credits then watch 30 hours of advertising.