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It's more the failure of the crypto community over the past 14 years to develop a use for crypto beyond speculation and crime.
by ProjectArcturis 3y ago
It's more the failure of the crypto community over the past 14 years to develop a use for crypto beyond speculation and crime.
- concordDance 3y agoPaying for porn, avoiding your bank randomly freezing your accounts (happened to a friend of mine, heuristics are only right most of the time), sending money to other countries and donating to peaceful protests.
- lawn 3y agoThe use case was always there: paying for stuff. Unfortunately it hasn't been a priority for the community and the focus has always been on getting rich, instead of working for infrastructure and adoption. Even Bitcoin itself made this choice.
- myfirstacchere 3y ago[dead]
- swift532 3y agoI know for a fact that normal people use crypto in Venezuela, albeit through apps and Binance. Their currency is crap and USD was outlawed for a while. I got the info first hand recently when a Venezuelan dev colleague visited my country.
- lelandfe 3y agoA friend of mine that works with crypto gaming companies frequently expresses frustration that every game they see is gambling, slightly disguised gambling, or terrible.
- mrguyorama 3y agoSeeing as the only value cryptocurrency can bring to your game is law evasion, that's expected.
- jrmg 3y agoWhat other kinds of ‘crypto gaming company’ _could_ there be?
- Paradigma11 3y agoYou can have conventional good multiplayer games with resources that are tokens on the blockchain. That way you can leverage the existing smart contract ecosystem for free. Ppl can create futures, auctions, binary options, arbitrarily complex contracts depending on ingame data that you make available on the blockchain.... without you being responsible for it.
- derefr 3y agoSteam but where you actually own, and so can resell, your game licenses. And where other supply-side companies can take over providing the game-download-delivery logistics if the original company providing that service goes belly-up. Or: Pokemon, but you can trade the pokemon outside the game itself; and the game can prove that your competitive mon were authentically caught and raised, rather than hacked in, because it records all the actions you took to train it. Most obviously: in any MMO with an in-game currency you can and are encouraged to buy with real-world money (e.g. EVE Online), just tokenize the darn thing, so that people playing can easily cash back out of the game when they don't feel like playing any more.
- mrguyorama 3y agoNone of these things have been impossible in a fiat economy. Nothing about the crypto economy makes these easier, more profitable, or desirable for private companies to implement. Nintendo at no point WANTS their players to be able to use their pokemon in something that you didn't have to buy from Nintendo. This isn't complicated to understand. There is no desire from IP holders, from investors, from developers, from anyone involved, to allow you to export your Keanu Reeves skin from Fortnite into whatever else. Why do that when they can just make you buy it again? Why would anyone forgo that literal free money when the vast majority of video game players seem perfectly willing to spend 10s of real dollars on a simple, half assed texture made by an intern in a few days. It's been a literal gold mine.
- TheDudeMan 3y agoIt works well for sending money across the world. Seems like a nice thing to be able to do.
- petesergeant 3y ago> It works well for sending money across the world What is “well” here? Using Wise or similar almost always ends up cheaper and faster when you factor in the need to go to/from fiat, and the chances that you’ll fat-finger the transfer and lose your money, get difficult questions from your bank, or that Wise will collapse with your balance are much reduced as compared to using crypto for this. If you’re trying to evade capital controls, however immoral you may consider them, well that’s something different.
- TheDudeMan 3y agoHow many times has the Bitcoin network collapsed?
- petesergeant 3y agoThe network? No idea, but I suspect low. The exchanges that the vast majority of humans will need to use to convert to and from fiat? I think it's easier to count the ones that haven't collapsed tbh
- ProjectArcturis 3y agoDoes it? If it works well for that, why hasn't it replaced Western Union after all this time?
- TheDudeMan 3y agoYou'd have to ask the people who prefer Western Union.
- cft 3y agoWhen i was in Ukraine before the war an ATM ate my debit card. Being stranded in a foreign country without an ATM card is pretty difficult. I thought that as soon as I walk into that Russian-owned Alpha Bank I would get my ATM card back. It actually took 4 days of daily visits and arguing with them in English and sometimes even in Spanish, where they asked me to write a letter to Kiev in Ukrainian, and wait a month for a decision. After that experience I was afraid to insert my ATM card into any bank machine over there. Instead I started buying Bitcoin on Coinbase and selling it at the local Bitcoin outfit for Hryvna and USD, to pay my rent.
- Apofis 3y ago[flagged]
- nwiswell 3y ago> Anything that begins in crime never has a future. I guess the United States doesn't have much of a future either? https://en.wikipedia.org/wiki/Boston_Tea_Party https://en.wikipedia.org/wiki/Boston_Tea_Party
- qazpot 3y agoLol, you are calling an act of rebellion a crime. Now I am begining to understand why people like Moral Relativism, it gets them gotcha moments on internet.
- lettergram 3y agoQuite literally how liquidity is kept in the cash market as well. lol You think all those people paid under the table is "legal"?