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While extremely interesting and even innovative, of those innovations are only useful in the hermetic world of their own blockchain, due to the oracle problem.
by acjohnson55 5y ago
While extremely interesting and even innovative, of those innovations are only useful in the hermetic world of their own blockchain, due to the oracle problem. The idea of real-world DeFi is purely hypothetical, at this point.
- sjtindell 5y agoYeah to be honest with you, I don’t believe much at all in this talk about “real world” integrations. If you’re interested please check out a couple other comments I made on this thread that touch on that. My opinions are developing as I go.
- acjohnson55 5y agoRead through your other comments, and I don't think that there being a market for money games is sufficient to keep the crypto train going, if it can't find its way into the underpinnings of the real economy. People play money games with things that are indispensable, like the stock market. Failing that, I'm skeptical that people will find crypto interesting after it finds its top. It may just find itself as a perpetually fringe and somewhat seedy sector, like MLM -- a place where fortunes are made off the backs of folks who are betting their meager savings on a chance at better prospects.
- sjtindell 5y agoI get that and think it’s possible for sure.