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What net-beneficial applications of crypto would you suggest I look at if I wanted to re-evaluate my perspective on crypto? I was a very early crypto fan, love
by valeness 5y ago
What net-beneficial applications of crypto would you suggest I look at if I wanted to re-evaluate my perspective on crypto?
I was a very early crypto fan, loved talking about decentralized trustless networks, legal smart contracts, that kind of thing. But after years and years of just getting burned by the space being taken over by financial people spouting cultist rhetoric, the space has lost it's shimmer to me.
Asking somebody to join a community and look around themselves is a huge demand of trust when the industry has coordinated rugpull after rugpull using social tactics very similar to your own.
I would very much like to hear about promising applications of crypto and blockchain outside of some esoteric financial ploy for more money.
What I am most interested in is making something like game cosmetics into NFTs that can be traded around players. For example: Imagine getting a rare Season 1 helmet in the new Halo game, and then being able to trade it with your friends in season 2 for something else. The blockchain is actually useless here aside from the fact that it's a protocol that defines ownership outsde of the game so that the central authority can't place limits on trading.
But I just haven't seen anything in that capacity so you'll still have to color me cynical
- fab1an 5y agoTake a look at Loot project by Dom Hof (the creator of vine, but now mostly known for Loot...:) It is exactly how you describe, but so so much more: why limit your Halo / skyrim character to one game world when you could take it into any other format and play with it there? NFT composability is a huge topic and extremely exciting in terms of these optionalities. Again: https://www.lootproject.com/ https://www.lootproject.com/ Also see my comment above with some more examples in response to another question...
- AnIdiotOnTheNet 5y agoNone of that requires anything provided by a blockchain, but does require significant effort by developers to form consensus around formats, representations, and access[0]. [0] one could just decide to ignore the NFT after all, or mint their own NFTs for the same asset.
- qu4z-2 5y agoWhy would I want to play my Skyrim character in Halo?
- lawtalkinghuman 5y agoI can totally see Nintendo wanting to enable you to bring your collection of fancy, rare high-powered guns from Borderlands, carried by your favourite shiny Pokémon, into a no-holds-barred Mario Kart match so you could turn a fun all-ages racing game into an absolute bloodbath. Totally fits with their brand image etc. Despite the likely bad PR, fiddly intellectual property issues, and the fact auctioning off high value gameplay items to the highest bidder turns games into tremendously boring pay2win experiences, the value in NFTs is that a game company might let players use assets bought or acquired in one game in a different game, even though they could do that already do that by just making private contractual relationships between existing game companies.
- xtracto 5y agoI always say blockchain is just another database tech. Are you excited by Cassandra, cockroach db , scylla or similar technologies? Then you can be similarly excited with Blockhain databases. The concensus mechanisms in public blockchains are an interesting mechanism from the purely academic PoV. But yeah... what is happening now is like if a bunch of non-technical marketing and sales people took MongoDB in a MLM campaign.
- duderific 5y agoI guess maybe you didn't check out the site, since there's an article linked which is about exactly what you're describing: https://kotaku.com/ubisofts-nft-announcement-has-been-intensely-disliked-1848182203 https://kotaku.com/ubisofts-nft-announcement-has-been-intens...