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> The potential for cool applications of blockchains is still there, but so far it seems to me cryptocurrency has mostly just been abused as a vehicle for crazy

> The potential for cool applications of blockchains is still there, but so far it seems to me cryptocurrency has mostly just been abused as a vehicle for crazy, baseless manias, and little to no meaningful application. Check out DeFI on Ethereum and your hope will resurrect. aave.com, pooltogether.com, goodghosting.com, polymarket.com, ens.domains, gitcoin. https://ethereum.org/en/dapps/ https://ethereum.org/en/dapps/

pjc50 4y ago
> goodghosting https://gitcoin.co/grants/1112/goodghosting-a-defi-savings-game https://gitcoin.co/grants/1112/goodghosting-a-defi-savings-g... : so this is a weird sort of mutual society / tontine kind of thing? Which has been gamified to encourage you to make regular deposits? However, it's missing three things: - what are the actual interest rates? - some sort of explanation of to what extent the principal is at risk to e.g. defi hacks or rugpulls or the collapse of the counterparty - registration with the UK FCA if you're marketing to UK customers https://register.fca.org.uk/s/ https://register.fca.org.uk/s/