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A startup school for a singular technical solution that has now gone years without any demonstrable killer app and which faces immense scaling and regulatory hurdles seems like putting the cart well before the horse here. I very much doubt that the key roadblock to realizing the crypto dream has been the lack of availability of a startup school around it.
A startup school for a singular technical solution that has now gone years without any demonstrable killer app and which faces immense scaling and regulatory hurdles seems like putting the cart well before the horse here. I very much doubt that the key roadblock to realizing the crypto dream has been the lack of availability of a startup school around it.
But cryptography underpins all the killer apps! If you need to communicate, then you need cryptography.
Earlier quoted context omitted.
No one ever said the space is not interesting. It's just goes against human nature and how the world operates. The difference between a failed idea and a successful one is very often simply timing. Things that were complete nonsense in the dot com bubble are billion dollar businesses now. The crypto space is not for this time (imo).
You're right that timing is key, however: >> Crypto = Trust (100%) which is why (in my viewpoint) it matters a great deal, and there's just no way back. Trust is required for monetary exchange, but not only. It also matters where very strong guarantees are needed, which is everywhere, e.g., when setting up contracts or when making statements (expert or regulated) about a product, service, or a status. Trust matters b…
If someone steals my credit number, I will likely not be on the hook for the money and will not lose anything.
If I make a mistake during banking, I can turn to people at the bank about it.
Earlier quoted context omitted.
One of Blockchain's killer apps is...Bitcoin. There is no need to talk about "the crypto dream", people are using what they find useful (coinbase is currently #5 top YC company), and I personally see it inevitable that everything in banking/finance will move to a decentralized model, with smart contracts as a driving force, because of autonomy. Humans haven't really evolved much from say other Apes (or many more othe…
Smart Contracts are far more capable on Ethereum, so I don't see Bitcoin as the killer app.
I also don't think it's smart to compare and take sides when it comes to technology, Bitcoin and Ethereum are both interesting technologies, and one can learn a lot from both.
Crypto... Graphy? Currency? Coccus?
A startup school for a singular technical solution that has now gone years without any demonstrable killer app and which faces immense scaling and regulatory hurdles seems like putting the cart well before the horse here. I very much doubt that the key roadblock to realizing the crypto dream has been the lack of availability of a startup school around it.
> a singular technical solution that has now gone years without any demonstrable killer app But cryptography underpins all the killer apps! If you need to communicate, then you need cryptography.
Earlier quoted context omitted.
You're right that timing is key, however: >> Crypto = Trust (100%) which is why (in my viewpoint) it matters a great deal, and there's just no way back. Trust is required for monetary exchange, but not only. It also matters where very strong guarantees are needed, which is everywhere, e.g., when setting up contracts or when making statements (expert or regulated) about a product, service, or a status. Trust matters b…
Unfortunately people are not 100% trustable, devices are not 100% secure and code is not 100% perfect. If someone steals my credit number, I will likely not be on the hook for the money and will not lose anything. If I make a mistake during banking, I can turn to people at the bank about it.
- which is actually why you use crypto.
> If someone steals my credit number, I will likely not be on the hook for the money and will not lose anything.
- because the bank guarantees the safety of the payment means you use. The fact that you don't have to pay (as a private customer) doesn't mean that stolen credit card numbers and fraud transactions don't cost money. Someone has to pay somewhere in the chain. If the principal is recovered (the stolen money), then someone still has to pay for the overhead of recovering the money (for you). There're insurance and liability-shift mechanisms in place, but the money transfer would be much safer, faster, and cost-efficient if crypto was in place.
> If I make a mistake during banking, I can turn to people at the bank about it.
- So? It's not because your infrastructure uses crypto that you give up of customer support.
Earlier quoted context omitted.
> a singular technical solution that has now gone years without any demonstrable killer app But cryptography underpins all the killer apps! If you need to communicate, then you need cryptography.
This is about cryptocurrencies, not cryptography.
Earlier quoted context omitted.
Unfortunately people are not 100% trustable, devices are not 100% secure and code is not 100% perfect. If someone steals my credit number, I will likely not be on the hook for the money and will not lose anything. If I make a mistake during banking, I can turn to people at the bank about it.
> Unfortunately people are not 100% trustable, devices are not 100% secure and code is not 100% perfect. - which is actually why you use crypto. > If someone steals my credit number, I will likely not be on the hook for the money and will not lose anything. - because the bank guarantees the safety of the payment means you use. The fact that you don't have to pay (as a private customer) doesn't mean that stolen credit…