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well for one, i am also a skeptic. i just like to be proven wrong by foundational cracks and there are plenty of extremely smart people in the space. i'm certai

by volkk 5y ago

well for one, i am also a skeptic. i just like to be proven wrong by foundational cracks and there are plenty of extremely smart people in the space. i'm certainly not arguing with you around blockchains being a useful tool today. however, i have an imagination and can foresee some usecases where the blockchain would truly change some of the way we do things. will it free us from our so called "shackles?" that a lot of the hypers like to say? probably not. or maybe? who knows. i'll tell you one thing -- there are many successful people investing in the space and generally, success follows success, so i'm optimistic from that viewpoint alone. my main argument with your arguments is that close mindedness and flippancy doesn't get us anywhere.

PaulDavisThe1st 5y ago
> however, i have an imagination and can foresee some usecases where the blockchain would truly change some of the way we do things. OK, what are they?
- _juzq 5y ago
  My brother is really big into crypto, and convinced my dad to get $1k in ETH. Over thanksgiving, they were hanging out talking about crypto, and my dad said he wanted to mess around with swapping tokens around and layer 2's but didn't want to touch his principal. So he opened AAVE, deposited his ETH, and got a loan in about 5 minutes flat. I thought that was pretty cool? I've never taken a loan for anything but student loans but I imagine it would be infinitely more difficult and time consuming to get a small personal loan like that from a bank. I definitely agree that a TON of the crypto space is super scammy, and think it's an absolute shame, I don't blame anyone for being scared off.
  - tehjoker 5y ago
    It's not very convincing if you don't have any experience with actually getting loans. A quick google showed me plenty of fast loan providers.
    - _juzq 5y ago
      It's not? I feel it would be disingenuous to imply that traditional 'fast' loan providers can match the speed/ease of getting a loan in 5 minutes, sitting on your couch, on thanksgiving day, with the funds instantly being available and requiring no documentation, forms, or manual approval. I mean if I'm wrong feel free to show me, I might just be ignorant.
      - m_ke 5y ago
        Affirm? https://www.affirm.com/ https://www.affirm.com/
- octet1 5y ago
  Arweave, for one, uses blockchain for a novel approach to data storage.
  - dmitriid 5y ago
    It's not novel. It's IPFS with all the problems of IPFS made a magnitude worse by financial incentives.
    - octet1 5y ago
      Looking at this: https://www.reddit.com/r/Arweave/comments/gu5elw/arweave_permaweb_vs_ipfs_someone_please_explain/fsnbj1t/?context=3 https://www.reddit.com/r/Arweave/comments/gu5elw/arweave_per... The advantage it has over IPFS is guaranteed permanence and the incentivization is core to that functionality.

by volkk 5y ago

PaulDavisThe1st 5y ago

> however, i have an imagination and can foresee some usecases where the blockchain would truly change some of the way we do things. OK, what are they?

_juzq 5y ago
My brother is really big into crypto, and convinced my dad to get $1k in ETH. Over thanksgiving, they were hanging out talking about crypto, and my dad said he wanted to mess around with swapping tokens around and layer 2's but didn't want to touch his principal. So he opened AAVE, deposited his ETH, and got a loan in about 5 minutes flat. I thought that was pretty cool? I've never taken a loan for anything but student loans but I imagine it would be infinitely more difficult and time consuming to get a small personal loan like that from a bank. I definitely agree that a TON of the crypto space is super scammy, and think it's an absolute shame, I don't blame anyone for being scared off.
- tehjoker 5y ago
  It's not very convincing if you don't have any experience with actually getting loans. A quick google showed me plenty of fast loan providers.
  - _juzq 5y ago
    It's not? I feel it would be disingenuous to imply that traditional 'fast' loan providers can match the speed/ease of getting a loan in 5 minutes, sitting on your couch, on thanksgiving day, with the funds instantly being available and requiring no documentation, forms, or manual approval. I mean if I'm wrong feel free to show me, I might just be ignorant.
    - m_ke 5y ago
      Affirm? https://www.affirm.com/ https://www.affirm.com/
octet1 5y ago
Arweave, for one, uses blockchain for a novel approach to data storage.
- dmitriid 5y ago
  It's not novel. It's IPFS with all the problems of IPFS made a magnitude worse by financial incentives.
  - octet1 5y ago
    Looking at this: https://www.reddit.com/r/Arweave/comments/gu5elw/arweave_permaweb_vs_ipfs_someone_please_explain/fsnbj1t/?context=3 https://www.reddit.com/r/Arweave/comments/gu5elw/arweave_per... The advantage it has over IPFS is guaranteed permanence and the incentivization is core to that functionality.