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* Ens domains: so it's sort of a DNS for cypto resources? Cool I guess, but it has no use outside of the crypto space. * PoolTogether: that's literally a lotte
by Gazoche 4y ago
* Ens domains: so it's sort of a DNS for cypto resources? Cool I guess, but it has no use outside of the crypto space.
* PoolTogether: that's literally a lottery. Hardly an innovation.
* Aave: oh, _another_ crypto lending platform. Aside from the fact that most of these are Ponzi/scams that have collapsed in spectacular fashion recently (see Anchor, Celsius, etc), this is another app that only exists within crypto to earn more crypto.
Those 3 examples illustrate the problem of "dApps". There may be a vibrant ecosystem of idea and apps, but when you try to unwind them you realize most of them are entirely self-referential within the crypto ecosystem and there's no utility connecting them to the real world. That's because the few apps that do try to connect to the real world quickly realize that the space of problems that can actually be solved by crypto there is ridiculously small.