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> and real utility is commonplace I'm not trolling, but I really don't know what this real utility is. I've been extremely active in crypto for two years (as
by puranjay 4y ago
> and real utility is commonplace
I'm not trolling, but I really don't know what this real utility is. I've been extremely active in crypto for two years (as a user, not a trader) and I still don't know if there is any real utility, outside of gated access to communities and/or voting on DAO proposals. Whatever utility there is either very minor or refers to something in the future.
In two years, everything in crypto has largely been the same. Transactions on Metamask run the same way. Mobile experience is uniformly awful. Buying shitcoins is still using the same old crummy Uniswap interface. The only difference is that there are a bunch of new chains VCs can pump and dump on.
Most projects in crypto are deeply involved in navel gazing. All these bridge projects are a good example - they all hail it as "revolutionary" if you can transfer funds from Sol to ETH. Outside of crypto, people ask "but why?"
- Mo3 4y ago> Whatever utility there is either very minor or refers to something in the future. That sums it up pretty nicely, at least for DeFi. Layer 1 currencies do have utility as currency, albeit defined by adoption. I sometimes pay for my pizza in Bitcoin. Some banks use XRP as a SWIFT-style cross-border payment network.