4 ms·

This is not a debate that has to be had in the abstract anymore. It's been more than 10 years. Where's the cool stuff that those supposed technology breakthrou

by svara 5y ago

This is not a debate that has to be had in the abstract anymore. It's been more than 10 years. Where's the cool stuff that those supposed technology breakthroughs enabled? I think we all know what the proponents would point to. Are we really impressed by any of that?

TimJRobinson 5y ago
You've seriously never heard of DeFi? There are literally hundreds of apps processing billions of dollars now and new innovative things are launching every day. I work 24/7 in this space and can't even keep up. Defillama had a list of the biggest apps, just work your way through the list. Or listen to the bankless podcast.
- kirso 5y ago
  I feel like what you described actually draws people to the tech. The sense of belonging being one of the hackers trying to fix the current issues with current systems. The issue is that many of them are indeed broken, but decentralization is not an answer to 99% of them. What I love about the industry is that it really attracts a lot of cool and smart people similar to what 2000s internet used to be. I just hope you guys won't get REKT.
unsupp0rted 5y ago
The stock answer to this question from Crypto proponents is that the internet also took decades to bring about societal changes. Initially the internet was bulletin boards and poor quality online versions of print shopping catalogues, news articles with no images or low-res images, etc. It took a while for internet-enabled capabilities to noticeably surpass things you could do by dialing an 800-number or mailing a cheque to a PO Box.
- somenewaccount1 5y ago
  It took decades because people couldn't afford computers, nor could they manufacture at today's modem scale, that's what took long. In terms of adaptation, once someone had access to a computer, with few exception people found some utility in their daily lives for it. IMHO, folks who have access to crypto are not finding any immediate use for it in their daily lives. And further, it doesn't seem to scale very well. Sure, enough coins exist, but they can't be transacted without massive fees. Ergo, doesn't scale currently. If some breakthrough solves the scaling problem while retaining it's decentralized nature, it may gain some utility.
  - TimJRobinson 5y ago
    I work in decentralized finance and use it every single day, so do thousands of other people. It's already scaling with layer 2's. For anyone willing to learn I'm happy to explain more.
- mmcnl 5y ago
  The world wide web had caused a global economisch crash just right after its first decade. That's huge.
j3th9n 5y ago
If you have 15 minutes to spare: https://www.youtube.com/watch?v=o73fWsqJDdY https://www.youtube.com/watch?v=o73fWsqJDdY
vvpan 5y ago
Automatic market makers, Argent, RAI, multi-sig wallets, Baseline Protocol, Helium, FOAM Space, lending, digital ownership (say of in-game items), anonymity (I donate to Russian opposition in crypto only), improved payment UX.
- TimJRobinson 5y ago
  I bet he'll never look into these either. Crypto haters on here never seem to want to learn, just close their eyes and pretend it doesn't exist.
  - svara 5y ago
    You're making it too simple for yourself with that label. I'm not a crypto hater. I am a disillusioned early adopter. The Satoshi paper blew my mind and I still have my letter from the Japanese court liquidating Mt. Gox's assets. I have in fact looked at all of the things GP mentioned, hoping to find something that might get me interested again, unsuccessfully. I just can't get excited anymore by people trying to do mundane, perfectly solved things, but this time with Blockchain.

by svara 5y ago

TimJRobinson 5y ago

You've seriously never heard of DeFi? There are literally hundreds of apps processing billions of dollars now and new innovative things are launching every day. I work 24/7 in this space and can't even keep up. Defillama had a list of the biggest apps, just work your way through the list. Or listen to the bankless podcast.

kirso 5y ago
I feel like what you described actually draws people to the tech. The sense of belonging being one of the hackers trying to fix the current issues with current systems. The issue is that many of them are indeed broken, but decentralization is not an answer to 99% of them. What I love about the industry is that it really attracts a lot of cool and smart people similar to what 2000s internet used to be. I just hope you guys won't get REKT.

unsupp0rted 5y ago

The stock answer to this question from Crypto proponents is that the internet also took decades to bring about societal changes. Initially the internet was bulletin boards and poor quality online versions of print shopping catalogues, news articles with no images or low-res images, etc. It took a while for internet-enabled capabilities to noticeably surpass things you could do by dialing an 800-number or mailing a cheque to a PO Box.

somenewaccount1 5y ago
It took decades because people couldn't afford computers, nor could they manufacture at today's modem scale, that's what took long. In terms of adaptation, once someone had access to a computer, with few exception people found some utility in their daily lives for it. IMHO, folks who have access to crypto are not finding any immediate use for it in their daily lives. And further, it doesn't seem to scale very well. Sure, enough coins exist, but they can't be transacted without massive fees. Ergo, doesn't scale currently. If some breakthrough solves the scaling problem while retaining it's decentralized nature, it may gain some utility.
- TimJRobinson 5y ago
  I work in decentralized finance and use it every single day, so do thousands of other people. It's already scaling with layer 2's. For anyone willing to learn I'm happy to explain more.
mmcnl 5y ago
The world wide web had caused a global economisch crash just right after its first decade. That's huge.

j3th9n 5y ago

If you have 15 minutes to spare: https://www.youtube.com/watch?v=o73fWsqJDdY https://www.youtube.com/watch?v=o73fWsqJDdY

vvpan 5y ago

Automatic market makers, Argent, RAI, multi-sig wallets, Baseline Protocol, Helium, FOAM Space, lending, digital ownership (say of in-game items), anonymity (I donate to Russian opposition in crypto only), improved payment UX.

TimJRobinson 5y ago
I bet he'll never look into these either. Crypto haters on here never seem to want to learn, just close their eyes and pretend it doesn't exist.
- svara 5y ago
  You're making it too simple for yourself with that label. I'm not a crypto hater. I am a disillusioned early adopter. The Satoshi paper blew my mind and I still have my letter from the Japanese court liquidating Mt. Gox's assets. I have in fact looked at all of the things GP mentioned, hoping to find something that might get me interested again, unsuccessfully. I just can't get excited anymore by people trying to do mundane, perfectly solved things, but this time with Blockchain.