4 ms·
> I want novel use-cases outside of just finance. There was a layman's NFT video suggesting they'd work as a way of doing concert tickets Most of those "novel
by illiarian 4y ago
> I want novel use-cases outside of just finance. There was a layman's NFT video suggesting they'd work as a way of doing concert tickets
Most of those "novel ways" either make no sense or make trivial things hard and hard things nearly impossible. Most people peddling (there's no other word for it) these solutions have no idea how the real world works, or what the real world needs.
> I'd love to see a readable, not-super-technical blog post that lays out the ideas people came up with (and which, if any, panned out)
6 years ago these two articles already described how many "novel ways" make no sense, no matter the intention. All the issues described remain, regardless of how many new buzzwords people come up with in the crypto space:
- https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 https://hackernoon.com/ten-years-in-nobody-has-come-up-with-...
- https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec https://medium.com/@kaistinchcombe/decentralized-and-trustle...
For newer descriptions of how these systems fail, see Molly White: https://blog.mollywhite.net/is-web3-bullshit/ https://blog.mollywhite.net/is-web3-bullshit/ (and other essays and talks)
Edit: There's also The Edited Latecomer's Guide To Crypto https://www.mollywhite.net/annotations/latecomers-guide-to-crypto/ https://www.mollywhite.net/annotations/latecomers-guide-to-c...
- xk_id 4y agoPeople really need to stop listening to molly white, her skepticism is fundamentally no different from what crypto shillers do. It’s toxic and exploits people’s ignorance about legitimate and balanced routes to crypto education. Only the sign is inverted.
- illiarian 4y agoDemagoguery. That's crypto proponents' only response to legitimate criticisms.