4 ms·

What's an actually useful, not-contrived use case that crypto enables that isn't otherwise possible _for the average resident of a stable/wealthy country_?

dopidopHN 5y ago
I work in crypto since a little while, and have following the tech since 2014 or so. I’m still really skeptical of that trash fire going anywhere. Including my day job. I can only thing of one application, and it still have to deliver: Providing mesh network of wifi, LoRA or 5g where the node are administered by individuals. The nodes are mining a proof of coverage. And effectively being payed to deliver a service ( providing wifi/LoRA/5g coverage ) The nodes cannot trust each other, and having a decentralized ledger help them split the bill and compensate the nodes for their work. In my view it would provide a “last miles delivery of coverage” I have a few project in mind that I won’t mention here. The crypto they are using is not subject to much speculation. That my favorite use of that tech stack. ( since the decentralized land ledger projects seems to not go anywhere )
valzam 5y ago
(I am hugely sceptical on most things crypto) generally speaking the view of a rich, stable country might make you blind to some real use cases because you just don't have them. But for people in less privileged countries having a permissionless system of digital dollars is actually extremely useful. Also my pet theory is that Bitcoin MIGHT suck money out of the property market and make home ownership more affordable.
meowkit 5y ago
Decentralized Identity for individuals and devices. I've found the images here to be a good quick and dirty summary: https://www.gsma.com/identity/decentralised-identity https://www.gsma.com/identity/decentralised-identity
- 65 5y ago
  Maybe I'm just dense, but this seems more like a centralized identity more than a decentralized identity. Which, if you lose, like I have with various wallets I've had over the years, seems extremely sketchy.
- deleted 5y ago
  [deleted]
fungiblecog 5y ago
there isn't one. but by the time people realise that a few unscrupulous people will have made a ton of - fiat - money out of the gullible masses.
kranke155 5y ago
NFTs have proven incredible for indie digital artists across the world, but particularly for artists from the third world where making a living off them is a bit easier. There’s a huge honest indie art movement on the Tezos NFT space. Good places to look around in: Fxhash (amazing generative art market that creates uniques through interaction between the code and the blockchain) Hic Et Nunc (now multiple sites, fully decentralised art market) OBJKT (sort of a better UI for Tezos NFTs, same stuff as in Hic).
- addicted 5y ago
  What does NFTs add to this that couldn’t be achieved by FXHash hosting ownership status in a PostgreSQL database?
  - kranke155 5y ago
    Nobody trusts a single SQL database or any single developer or company. The advantage is that you have a trust less, decentralised database no one can alter and has thousands of people hosting it. This is a common fallacy I’ve seen among developers - the idea that because the technical solution is inferior it’s social value must be inferior. Blockchain is not a technical solution, it’s a social solution. At least as far as NFTs it has solved an insoluble problem, which was no one trusted anyone in particular with a ledger about digital art ownership - but they do trust everyone/a a large group that’s incentivised to keep hosting it, and has problem to be tampering resistant.
sincerely 5y ago
Kind of baffled that nobody has mentioned this yet, but: Buying illegal drugs online

dopidopHN 5y ago

I work in crypto since a little while, and have following the tech since 2014 or so. I’m still really skeptical of that trash fire going anywhere. Including my day job. I can only thing of one application, and it still have to deliver: Providing mesh network of wifi, LoRA or 5g where the node are administered by individuals. The nodes are mining a proof of coverage. And effectively being payed to deliver a service ( providing wifi/LoRA/5g coverage ) The nodes cannot trust each other, and having a decentralized ledger help them split the bill and compensate the nodes for their work. In my view it would provide a “last miles delivery of coverage” I have a few project in mind that I won’t mention here. The crypto they are using is not subject to much speculation. That my favorite use of that tech stack. ( since the decentralized land ledger projects seems to not go anywhere )

valzam 5y ago

(I am hugely sceptical on most things crypto) generally speaking the view of a rich, stable country might make you blind to some real use cases because you just don't have them. But for people in less privileged countries having a permissionless system of digital dollars is actually extremely useful. Also my pet theory is that Bitcoin MIGHT suck money out of the property market and make home ownership more affordable.

meowkit 5y ago

Decentralized Identity for individuals and devices. I've found the images here to be a good quick and dirty summary: https://www.gsma.com/identity/decentralised-identity https://www.gsma.com/identity/decentralised-identity

65 5y ago
Maybe I'm just dense, but this seems more like a centralized identity more than a decentralized identity. Which, if you lose, like I have with various wallets I've had over the years, seems extremely sketchy.
deleted 5y ago
[deleted]

fungiblecog 5y ago

there isn't one. but by the time people realise that a few unscrupulous people will have made a ton of - fiat - money out of the gullible masses.

kranke155 5y ago

NFTs have proven incredible for indie digital artists across the world, but particularly for artists from the third world where making a living off them is a bit easier. There’s a huge honest indie art movement on the Tezos NFT space. Good places to look around in: Fxhash (amazing generative art market that creates uniques through interaction between the code and the blockchain) Hic Et Nunc (now multiple sites, fully decentralised art market) OBJKT (sort of a better UI for Tezos NFTs, same stuff as in Hic).

addicted 5y ago
What does NFTs add to this that couldn’t be achieved by FXHash hosting ownership status in a PostgreSQL database?
- kranke155 5y ago
  Nobody trusts a single SQL database or any single developer or company. The advantage is that you have a trust less, decentralised database no one can alter and has thousands of people hosting it. This is a common fallacy I’ve seen among developers - the idea that because the technical solution is inferior it’s social value must be inferior. Blockchain is not a technical solution, it’s a social solution. At least as far as NFTs it has solved an insoluble problem, which was no one trusted anyone in particular with a ledger about digital art ownership - but they do trust everyone/a a large group that’s incentivised to keep hosting it, and has problem to be tampering resistant.

sincerely 5y ago

Kind of baffled that nobody has mentioned this yet, but: Buying illegal drugs online