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> it promotes a broken business model that neither solves old problems nor offers new problems with novel solutions Have you looked at recent crypto currency r
by whatisweb3 4y ago
> it promotes a broken business model that neither solves old problems nor offers new problems with novel solutions
Have you looked at recent crypto currency research? ZK snarks and starks, multiparty computation, new polynomial commitment schemes and ZKP-friendly hash functions, new BFT consensus mechanisms. These are all novel solutions to age old problems.
The use cases are niche, partly because the technology still has a long way to go before it becomes user friendly. We are only on the cusp of seeing stablecoin regulation - a few years from now, with robust stablecoins, PoS, and scalable L2s, the applications and use cases might look entirely different.