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I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

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Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#91

Post by acdha »

RF_Savage wrote: post #66
m3kw9 wrote: post #57

Earlier quoted context omitted.

Could have had similar effect by holding any other currency that isn’t equally hyper inflating. Like the USD

Sadly many countries have currency controls that prevent that.

… and that means that if cryptocurrencies ever see notable adoption, those same currency controls will be expanded to cover it. There's this popular mythology that cryptocurrencies are immune to regulation but in reality it's just that most countries don't spend time regulating things which aren't widely used. If that changes, cryptocurrencies are perfect for those governments to enforce since the public ledgers provide an easily-audited track record of all of your activity to compare with what you reported.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#92

Post by Mr_P »

toolz wrote: post #87
simonw wrote: post #56

Earlier quoted context omitted.

I hear this a lot. I want details: - Which countries? - What portion of the population are benefiting from crypto? Is it a tiny portion of nerds or has it become more mainstream now? - With the crash in cryptocurrency over the last few months are these people in those countries still glad that they used this, or are they regretting it? I don't doubt that there exist individuals in countries with high inflation who ha…

El Salvador uses it as a government enforced national currency. I struggle to understand how people still make the claim that it's useless or that it's niche - it's a recognized and enforced national currency now, not some neat project.

What a convenient source of liquidity for the various drug cartels in El Salvador who need to launder their money.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#93

Post by toolz »

readams wrote: post #54
chrisabrams wrote: post #48

Earlier quoted context omitted.

What country do you live in? Because I know plenty of folks in certain countries with massive inflation and projects such as bitcoin are their refuge from 100-1000% inflation a year. When you say “in 10 years” when did that 10 year time frame start and end? Are talking about the 1960s or the 1990s? Because most people I knew didn’t start using the internet regularly until the mid to late 90s or about 30 or so years a…

There are a lot of much better assets to buy as an inflation hedge.

If you live in a wealthy country, yes, but if you have limited bank access and consequently likely a country with unstable fiat, which assets would you suggest are more stable for long term holding? Certainly not physical assets, as people without banking access aren't likely to have vaults or some way to protect something like gold.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#94

Post by wil421 »

chrisabrams wrote: post #48
rzwitserloot wrote: post #38

I keep saying this, but: Bitcoin is well over 10 years old by now. In 10 years, the internet was already clearly adding a ton of value all over the place. Bitcoin is not really a 'young technology' anymore, and the only thing it has enabled so far is risky, unregulated investment strategies, and an staggering amount of crime.

What country do you live in? Because I know plenty of folks in certain countries with massive inflation and projects such as bitcoin are their refuge from 100-1000% inflation a year. When you say “in 10 years” when did that 10 year time frame start and end? Are talking about the 1960s or the 1990s? Because most people I knew didn’t start using the internet regularly until the mid to late 90s or about 30 or so years a…

I’ve heard people say this but when I’ve asked people from places like Venezuela they use dollars not bitcoin. Even places with not so good local currency will gladly accept Euros or Dollars instead.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#95

Post by smsm42 »

Taek wrote: post #46
rzwitserloot wrote: post #38

I keep saying this, but: Bitcoin is well over 10 years old by now. In 10 years, the internet was already clearly adding a ton of value all over the place. Bitcoin is not really a 'young technology' anymore, and the only thing it has enabled so far is risky, unregulated investment strategies, and an staggering amount of crime.

When the Internet was 10 years old the year was 1987.

What event you are counting from? The term "internet" was first used in 1974 (https://datatracker.ietf.org/doc/html/rfc675) AFAIK, but the technology has been in development since 1960s.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#96

Post by macspoofing »

Keyb0ardWarr10r wrote: post #76

The primary purpose of blockchains is to prevent a central authority of regulating a currency, anything beyond it is hype. You're discarding the technology as whole without taking into regard its original intent.

So … the primary use-case of blockchains is to skirt AML regulations?

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#97

Post by smsm42 »

hotpotamus wrote: post #52
Taek wrote: post #46

Earlier quoted context omitted.

When the Internet was 10 years old the year was 1987.

But Al Gore didn't even take office until 1992.

That's why he had time to invent the internet! You can't do that while being busy with congressing and stuff.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#98

Post by stevenjgarner »

readams wrote: post #54
chrisabrams wrote: post #48

Earlier quoted context omitted.

What country do you live in? Because I know plenty of folks in certain countries with massive inflation and projects such as bitcoin are their refuge from 100-1000% inflation a year. When you say “in 10 years” when did that 10 year time frame start and end? Are talking about the 1960s or the 1990s? Because most people I knew didn’t start using the internet regularly until the mid to late 90s or about 30 or so years a…

There are a lot of much better assets to buy as an inflation hedge.

Crypto is not about investing, its about payments. "Almost 25% of US Cross-Border Remittance Senders Use Crypto" [0]

[0] https://news.ycombinator.com/item?id=32291999

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#99

Post by caiomassan »

YetAnotherNick wrote: post #35
smsm42 wrote: post #4

I kinda question the scientific methodology of "take the first N Google results". Not only for obvious reasons, but also for the reason that a lot of infrastructural projects that have a lot of real world effects are not routinely discussed in the press (because they are extremely boring to everybody but specialists, also because nobody but the specialists knows they exist, or understands how they work) and thus woul…

> first of all, on a decentralized blockchain you can not really censor a transaction This is not true. Even though blockchain is decentralized there could be a single chain/few chains of truth if you want to convert it to real money. And that chain could only be the one that would be approved by coinbase, bitfinex etc. If they want to censor an address they simply could stop accepting those transactions, and then mi…

if the other party accepts crypto too, you don't need the "real money" you speak of.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#100

Post by Fezzik »

stevenjgarner wrote: post #85
rzwitserloot wrote: post #38

I keep saying this, but: Bitcoin is well over 10 years old by now. In 10 years, the internet was already clearly adding a ton of value all over the place. Bitcoin is not really a 'young technology' anymore, and the only thing it has enabled so far is risky, unregulated investment strategies, and an staggering amount of crime.

I'm not sure the "8 million adults — who made online payments to friends or family in other countries used at least one kind of cryptocurrency" would agree with you. [0] [0] https://www.pymnts.com/news/cross-border-commerce/cross-bord...

This woefully-lacking-of-legit-citations article says nothing like what you are asserting it says.
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