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> decentralized file storage, lending protocols, stablecoins (Dai in particular) I mean...yeah! Go builders! I wish you success. But I have my doubts around th
by Arubis 4y ago
> decentralized file storage, lending protocols, stablecoins (Dai in particular)
I mean...yeah! Go builders! I wish you success. But I have my doubts around these ones.
Decentralized file storage seems maybe to be better addressed by IPFS, which uses cryptographic protocols but isn't cryptocurrency.
Stablecoins are mathematically and conceptually fascinating (like most of this space!), but what do they get you that you don't get with fiat currency? The answer I've actually seen applicable here (aside from "enable black markets") is to enable fairly paying people across borders that live in places with absurdly distorted exchange rates. So that's a win as a transfer medium; less so for storage (Cf. all the stablecoins that've unpegged recently).
I freely admit not being sufficiently educated around the current state of lending protocols in the cryptocurrency space to have an informed opinion.