81–90 of 296 posts
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>- Drugs. Delivered to your door in a plain wrapper. What are the transaction costs like on BTC these days? I'm surprised many people still bother with BTC given the enormous costs I've seen.
You don't pay in BTC for drugs though. Montero is usually preferred and transactions are much cheaper and private.
This author is way behind the times. Bitcoin is obsolete. Nano (nano.org) is what the author should be looking at as the future of p2p digital currency. Nano transactions are feeless and take under 1 second, fully confirmed. If you send 1 Nano the recipient receives 1 Nano. There is no mining involved so it is green and it is decentralized. These features make microtransactions possible. You could use it to pay a fra…
This article is misinformed. The past two years have seen a Cambrian explosion of apps on ethereum. financial apps on ethereum - https://defipulse.com/ - https://uniswap.info/home - https://compound.finance/ - https://nexusmutual.io/ - https://bloom.co/ - https://baseline-protocol.org - https://augur2.eth.link/ non-financial apps on ethereum - https://audius.org/ - https://ens.domains/ - https://decentraland.org/ pop…
DefiPulse - a scheme for speculating in the future price of Etherium. Uniswap - a scheme for assisting with speculating in cross rates between various cryptocurrencies. Compound - it pays interest. But who's paying the interest? It doesn't seem to make loans. Possible Ponzi. Nexus Mutual - insurance against failure of smart contracts, based on smart contracts. Bloom - "validate anything about anyone." A signing servi…
Looking at all the comments here I have a single response to most of them: I'll call it a solution when it is implemented. You can talk all you want about solutions to some of the (minor) problems addressed here (ignoring the rest of the problems) but unless it is in use then the article's commentary still stands. Unless it has a ton of users, the article's commentary still stands. If you really do believe in block c…
If you got a few hours of free time you should really check out this project out.[4]
Disclaimer I am a cardano(ada) holder and I actively take part in this project as a pool operator.
[1]https://iohk.io/en/research/library/ [2]https://twitter.com/BetterStake/status/1296217244217868289 [3]https://twitter.com/search?q=cardano%20Raspberry&src=typed_q... [4]https://github.com/input-output-hk
Bitcoin has lots of uses: - Getting money out of China. Buy into a mining consortium with yuan, get a fraction of the bitcoins, sell outside China for dollars or euros. You're manufacturing and exporting, which the government of China likes. - Extortion. The ransomware extortion business depends on Bitcoin. - Drugs. Delivered to your door in a plain wrapper.
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Yeah thanks to COVID there is a ton of new interest in defi as a form of unregulated gambling.
I don't know if you've seen the stock market lately... clearly the largest casino in the world is on Wall Street. But anyways, DeFi has tons of use cases including automated crop insurance based on weather events, decentralized money markets for car loans, tokenized rental real estate, synthetic derivatives, standard savings and loans utilizing stablecoins, etc etc. The notion that blockchain hasn't found product mar…
Its a mixture of “I don't respect this market and thats the only actual distinction” along with “I have no idea these criticisms are present in actual currencies as well as the stock market and commodities spot markets and credit market and derivatives market and collectibles market”
Eventually they move the goal post so far that they are giving actual relevant criticisms of blockchain technology, like scalability concerns
And then they get flipped into realizing they can actually contribute to the solution and spread awareness
And then in a few short years they have enough clout to raise capital in the space
Besides bitcoin are there any other blockchain apps that have large user bases?
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I wrote this below but copying here as it's hard to write a huge comment twice. That's a long article itself but this might be a good starting point: https://consensys.net/blockchain-use-cases/ Consensys is run by an Ethereum co-founder and one of the most prestigious organizations in this space, so that page might seem intimidating but it's good, factual information. Ethereum allows for the usage of unique and real…
> Money was obvious as it's impossible to have internet money if you can just ctrl+c and ctrl+v it to make copies. Ah, yes, that was Amazon's mistake. Accepting Internet money has meant that I've been able to just email them photocopies of the same money over and over. Hahaha, it has been the perfect crime. I hope Amazon never embrances Ethereum and I can keep getting free merchandise forever.
There are precisely two legitimately useful applications of the blockchain data structure that have been invented: 1. Money 2. Zooko's Triangle Your prior should be that anything else is some kind of delusion or scam.
And the cost of bitcoin has naturally been inflating to the cost of the power needed to do the mining ... so the whole thing looks a lot like a bubble, great if you got in and out early, bad news for everyone else.
This author is way behind the times. Bitcoin is obsolete. Nano (nano.org) is what the author should be looking at as the future of p2p digital currency. Nano transactions are feeless and take under 1 second, fully confirmed. If you send 1 Nano the recipient receives 1 Nano. There is no mining involved so it is green and it is decentralized. These features make microtransactions possible. You could use it to pay a fra…