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Would you be so kind as to cherry-pick a few successful "real world" Blockchain projects then?

glerk 4y ago
There are a lot of successful blockchain projects that respond to various use cases. On top of my head: - Uncensorable money: og bitcoin and pretty much everything else - Uncensorable money + privacy: monero, tornado.cash, etc. - Decentralized exchanges/automated market makers: curve.fi, uniswap, etc. - Prediction markets: polymarket etc. EDIT: looks like omen and augur are dead
- thematrixturtle 4y ago
  Please note the stipulation "real world": everything you just listed involves moving bits about in the crypto world.
  - glerk 4y ago
    Those bits moved around in the "crypto world" represent real world things. Do you also believe that email has no real world applications because it just involves moving bits between computers or that the money in your bank account isn't real because it's just some bits in a database?
  - cornel_io 4y ago
    Eh, by that logic you shouldn't consider any fintech company to be "real world" either because they just involve moving bits around in the banking world. The difference is that you consider the traditional banking world legit and the crypto one scammy and fake, which is a perfectly valid opinion to have, but completely begs the particular question of whether any of this shit has real world utility.
- pirate787 4y ago
  Both Omen and Augur appear to be dead. Omen isn't online, Augur isn't available on the US but their email signup is broken and they haven't posted on social media in a year. "Company is a fucking joke. I invested upon launch and there's still nothing usable after half a decade. Been seeing the same "roadmaps" for 5+ years. Company raises hundreds of millions and can't manage to launch a simple UX for prediction markets lmfao..." https://www.reddit.com/r/Augur/comments/mvsyf8/comment/gyu4sg5/?utm_source=share&utm_medium=web2x&context=3 https://www.reddit.com/r/Augur/comments/mvsyf8/comment/gyu4s...
  - glerk 4y ago
    That's unfortunate to hear, I haven't followed these projects in a while. Looks like their competitor PolyMarket is now the most popular prediction market: https://polymarket.com/ https://polymarket.com/
    - pirate787 4y ago
      Polymarket looks interesting but crypto/blockchain isn't necessary for prediction markets-- with Polymarket you still need a trusted entity to record whether the event happened. There are much more legitimate non-crypto prediction markets -- this new one is actually federally regulated in the US https://kalshi.com/ https://kalshi.com/
      - glerk 4y ago
        Some of these prediction contracts can be resolved using a decentralized oracle (I know this is the model Omen was trying to implement). But even if there is a trusted entity involved, a smart contract I can interact with directly using blockchain transactions is better than having to provide my picture, passport and SSN to some company that builds a database of all my trades. This problem is even worse if I move to a jurisdiction where you need to be accredited to play, or where prediction markets are illegal. For many of these financial applications, crypto/blockchain isn't strictly necessary, but it can be very useful.

There are a lot of successful blockchain projects that respond to various use cases. On top of my head: - Uncensorable money: og bitcoin and pretty much everything else - Uncensorable money + privacy: monero, tornado.cash, etc. - Decentralized exchanges/automated market makers: curve.fi, uniswap, etc. - Prediction markets: polymarket etc. EDIT: looks like omen and augur are dead

thematrixturtle 4y ago
Please note the stipulation "real world": everything you just listed involves moving bits about in the crypto world.
- glerk 4y ago
  Those bits moved around in the "crypto world" represent real world things. Do you also believe that email has no real world applications because it just involves moving bits between computers or that the money in your bank account isn't real because it's just some bits in a database?
- cornel_io 4y ago
  Eh, by that logic you shouldn't consider any fintech company to be "real world" either because they just involve moving bits around in the banking world. The difference is that you consider the traditional banking world legit and the crypto one scammy and fake, which is a perfectly valid opinion to have, but completely begs the particular question of whether any of this shit has real world utility.
pirate787 4y ago
Both Omen and Augur appear to be dead. Omen isn't online, Augur isn't available on the US but their email signup is broken and they haven't posted on social media in a year. "Company is a fucking joke. I invested upon launch and there's still nothing usable after half a decade. Been seeing the same "roadmaps" for 5+ years. Company raises hundreds of millions and can't manage to launch a simple UX for prediction markets lmfao..." https://www.reddit.com/r/Augur/comments/mvsyf8/comment/gyu4sg5/?utm_source=share&utm_medium=web2x&context=3 https://www.reddit.com/r/Augur/comments/mvsyf8/comment/gyu4s...
- glerk 4y ago
  That's unfortunate to hear, I haven't followed these projects in a while. Looks like their competitor PolyMarket is now the most popular prediction market: https://polymarket.com/ https://polymarket.com/
  - pirate787 4y ago
    Polymarket looks interesting but crypto/blockchain isn't necessary for prediction markets-- with Polymarket you still need a trusted entity to record whether the event happened. There are much more legitimate non-crypto prediction markets -- this new one is actually federally regulated in the US https://kalshi.com/ https://kalshi.com/
    - glerk 4y ago
      Some of these prediction contracts can be resolved using a decentralized oracle (I know this is the model Omen was trying to implement). But even if there is a trusted entity involved, a smart contract I can interact with directly using blockchain transactions is better than having to provide my picture, passport and SSN to some company that builds a database of all my trades. This problem is even worse if I move to a jurisdiction where you need to be accredited to play, or where prediction markets are illegal. For many of these financial applications, crypto/blockchain isn't strictly necessary, but it can be very useful.