It’s not still the early days of blockchain

Post by yashg » Sat, Jan 15, 2022, 8:21 AM UTC

usrbinbash wrote: post #287

vorhemus wrote: post #249

To me, the most promising use cases for a blockchain would be activities that are today carried out by government agencies, states or lawyers. Anyone who has ever bought a property in central Europe knows how much money has to be spent on trustees and notaries. If such transactions can be carried out in a secure way between buyer and seller without an intermediary, that would be a huge win. However, the lobby of lawy…

Until the first person gets tricked into signing over his property for free...then suddenly, all these lawyers, agencies and notaries are back on the track again, because it turns out they were there for a good reason the entire time: To make sure its really really really hard to get someone to hand over his home via something like a typo or a misclick.

Post by baby » Sat, Jan 15, 2022, 8:23 AM UTC

jodrellblank wrote: post #152

baby wrote: post #68

Earlier quoted context omitted.

Have you heard of leverages, margin calls, derivatives, put options, etc.? DeFi is pretty much the same level of complexity but implemented on top of cryptocurrencies.

This https://youtu.be/8CAafjodkyE?t=104 is a recent thing I found mind blowing; 2020 iPhone can do on-device image processing and object recognition and speak a description of what the camera sees. Just quietly a builtin feature. 2010 iPhone, I was mind-blown by the Word Lens app which could do OCR on text in the camera feed, translate the words into another language, and overlay the results on the image in near-real…

Post by maxfromua » Sat, Jan 15, 2022, 8:23 AM UTC

cmews wrote: post #252

hubraumhugo wrote: post #33

I'm still very opposed to the idea of taking a technology and then searching a problem for it. Why? Back in 2017 during the first hype cycle, blockchain companies raised hundreds of millions with ICOs. I became very interested in the technology too, and some friends still work in this space. 4 years later in the web3 era, there is not a single product aside from trading/finance that got traction. Use cases like stori…

Helium network is an example of a successful blockchain project/application in my opinion. They created the biggest decentralized lorawan network in the world that is used by more internet of things companies everyday. Also they are trying the same thing for creating a decentralized 5G network. It’s still early days for them because I think they started in the end of 2020 or the start of 2021, but they have grown to…

Post by usrbinbash » Sat, Jan 15, 2022, 8:24 AM UTC

anonporridge wrote: post #122

ryandamm wrote: post #83

Earlier quoted context omitted.

I believe this characterization fails to engage with what money actually is and does. It sounds good in print but fails in practice. Except for bitcoin's current "monetary" uses, like money laundering and tax evasion.

I personally prefer a money that isn't explicitly designed to encourage hyper consumption and short term thinking. Better for the planet. But what do I know? I'm just a dumb ape.

Post by _fizz_buzz_ » Sat, Jan 15, 2022, 8:24 AM UTC

mirzap wrote: post #200

Well, 10y ago is not ages ago. Email existed for 30 years before it was ready for consumers. Same is with the internet. Certain types of technologies require decades research and development. I would argue that in 20 years it will still be "early days" of blockchain. And only in mid 40 we will figure out apps and who nows what to fully utilize underlining technology. Right now we are just coping what we have outside…