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A lot of your examples are fallacious arguments that are weak or just generally wrong but your first one is >”list them” If you are arguing that something exi

by lovich 1y ago

A lot of your examples are fallacious arguments that are weak or just generally wrong but your first one is >”list them” If you are arguing that something exists, then being asked to prove its existence is table stakes, not poor arguments You starting with a strong argument in your list of bad arguments and then ending with shit that mocks anyone calling you out makes me believe that you are not discussing this topic in good faith

yieldcrv 1y ago
unfortunately the same thread has been had for any tangentially crypto thread on HN for the last decade and a half, so it just doesn’t feel like my prerogative to answer such a lazy and abstract question yes, that means we are at an impasse. use the search, ask an LLM, if even that is too much initiative for a quite outdated skeptic to take even now then I can’t help you there are hundreds of billions, maybe trillions in volume going through financial services on blockchains and it doesn’t matter if financial services isn’t a sector you care about or are the target audience for, there are people there who will pay to solve problems they have
- EraYaN 1y ago
  Most of the financial services and systems are all still on very boring old databases (hell quite some cobol still touches a ton of it). Since well they don't need to get hype funding for their Series A or whatever. Databases are just pretty good and processing data efficiently. It's a tiny tiny part that actually runs on some blockchain.
  - yieldcrv 1y ago
    there are hundreds of billions, maybe trillions in volume going through financial services on blockchains and yes that is a tiny fraction of all financial services volume at all, or even involving crypto assets. I was referring to the traffic onchain as that’s what’s interesting permissionless liquidity providing in unincorporated partnerships is still novel and unique to those platforms and highly lucrative. on assets that dont need permission to be listed anywhere.

by lovich 1y ago

yieldcrv 1y ago

unfortunately the same thread has been had for any tangentially crypto thread on HN for the last decade and a half, so it just doesn’t feel like my prerogative to answer such a lazy and abstract question yes, that means we are at an impasse. use the search, ask an LLM, if even that is too much initiative for a quite outdated skeptic to take even now then I can’t help you there are hundreds of billions, maybe trillions in volume going through financial services on blockchains and it doesn’t matter if financial services isn’t a sector you care about or are the target audience for, there are people there who will pay to solve problems they have

EraYaN 1y ago
Most of the financial services and systems are all still on very boring old databases (hell quite some cobol still touches a ton of it). Since well they don't need to get hype funding for their Series A or whatever. Databases are just pretty good and processing data efficiently. It's a tiny tiny part that actually runs on some blockchain.
- yieldcrv 1y ago
  there are hundreds of billions, maybe trillions in volume going through financial services on blockchains and yes that is a tiny fraction of all financial services volume at all, or even involving crypto assets. I was referring to the traffic onchain as that’s what’s interesting permissionless liquidity providing in unincorporated partnerships is still novel and unique to those platforms and highly lucrative. on assets that dont need permission to be listed anywhere.