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Those ideas should in theory be pretty easy to find: It's the intersection of the sets of uses that (1) benefit from no government oversight, (2) absolutely ne
by smackeyacky 4y ago
Those ideas should in theory be pretty easy to find:
It's the intersection of the sets of uses that (1) benefit from no government oversight, (2) absolutely need to have their ledger distributed and (3) perform better than whatever solution is currently used.
A lot smarter people than me have already concluded that the only use cases in that intersection are illegal.
You might argue that "it smells like tyranny then" and cite the transfer of value in and out of oppressive or failing countries, but that seems to be the single and only (and still illegal) use of crypto currencies.
The crypto defenders whose only argument is "JUST WAIT YA DIDN'T WAIT LONG ENOUGH FOR THE PROPER USES TO EMERGE WTFBBQ" - we've waited long enough I think.
- ETH_start 4y agoThe smart money is in crypto because autonomous smart contracts, subject to automated validation by software run by thousands of different people, are more reliable than humans acting on their own discretion, subject to their own integrity. FTX, through its acquisitions, was technically "highly regulated", yet it collapsed. Several other centralized financial services, including Celsius and Genesis, collapsed. In contrast, in this latest cycle, no leading DeFi applications collapsed or lost any customer funds. They operated flawlessly through all of the market turmoil.
- sagarm 4y ago> autonomous smart contracts, Are there some examples you can point to? This seems like an interesting space. > leading DeFi applications collapsed or lost any customer funds What DeFi applications do you consider leading?
- pa7x1 4y agoUniswap, Aave, RocketPool, MakerDAO, Curve... They are all built on top of Ethereum. They operate without human intervention, providing exchange facilities, lending, decentralized staking, stablecoins... The basic primitives of an automated financial system.