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Anecdotally, the only “Web 3” that has improved my life is Monero. It’s the best way I’ve found to send money to strangers on the internet. I’ve opened unoffic
by olah_1 4y ago
Anecdotally, the only “Web 3” that has improved my life is Monero.
It’s the best way I’ve found to send money to strangers on the internet. I’ve opened unofficial bounties and paid open source developers to implement them, as one example.
It really “just works” in a way where other crypto currency doesn’t.
I still support many other projects in this space, but Monero was the only one I felt comfortable actually using.
- only_human 4y agoSoftware developers should universally reject payment in crypto, but especially monero. I know I would if you tried to pay me with that. It's the same situation as tornado cash. By using it you're providing cover for north korea and other sanctioned entities to launder money: https://www.coindesk.com/markets/2020/02/12/north-korea-is-expanding-its-monero-mining-operations-says-report/ https://www.coindesk.com/markets/2020/02/12/north-korea-is-e... It has no other real legal or legitimate use case, it otherwise works the same as other cryptos. You could just pay those developers in cash. Most developers I've known that aren't hardcore crypto zealots prefer to get paid in cash.
- orwin 4y agoThere is a lot of good ideas in the space. Even NFTs are a good idea overall, when you remove the human greed part. But you're totally right, only monero have a 'legitimate' usecase (bypass the taxation laws).
- zeroclip 4y agoAnother legitimate use case is financial privacy. There are several tools on other blockchains that achieve the same.
- hrbf 4y ago> when you remove the human greed part So they are theoretically a good idea with no practical application in the real world.
- orwin 4y agoKinda like the idea of using NFTs as tickets (for concerts or stuff like that). We recently had an issue with false tickets during a football match in France, I'm sure you can use NFTs here, with a good UI (so unlike 99% of crypto) (not necessarily on a public Blockchain tbh).
- hrbf 4y agoBut why do that? What do you gain with a process that is more involved, slower and open to many forms of attack?
- afiori 4y agoThe problem with good applications of NFTs is that we still do not know what an NFT is. In particular there are a lot of variables around reselling restrictions, profit sharing, meaningful ownership, copyright, etc.
- only_human 4y agoIf you figured out all those variables, they would have to be legally enforced by a legal authority -- meaning there wouldn't be a purpose to use an NFT as a "blockchain authority" anymore. They're fundamentally useless.
- hrbf 4y agoThat doesn’t change the fact that it has no application in the real world beyond being meaningless garbage pushed for a grift.