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Where are all the crypto use cases?

evanjconrad.com

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Re: Where are all the crypto use cases?

#121

Post by eldenwrong »

aforwardslash wrote: post #115
seibelj wrote: post #93

Earlier quoted context omitted.

The Chinese government has committed horrible atrocities. The US government to this day has people locked for life in prison because they sold marijuana for the third time and were sentenced to life. Prior governments worldwide sanctioned human slavery and collected taxes on slave sales. You say illegal - but I say immoral

I'm quite far from defending the chinese government,but your whole thread seems to be an incentive for tax evasion "because the government commits horrible atrocities". Governments are not "moral" or "immoral" - they are amoral. Their purpose (when they are good) isn't to improve conditions for everyone, just their citizens. And if that comes at a cost to other citizens in other countries, they are still within their…

No post body was provided.

Re: Where are all the crypto use cases?

#122

Post by meheleventyone »

seibelj wrote: post #93
dmitriid wrote: post #85

Earlier quoted context omitted.

> This avoids all of the capital controls and knowledge the state has So. Illegal movement of money.

The Chinese government has committed horrible atrocities. The US government to this day has people locked for life in prison because they sold marijuana for the third time and were sentenced to life. Prior governments worldwide sanctioned human slavery and collected taxes on slave sales. You say illegal - but I say immoral

It’s highly unlikely the people facilitating illegal money movement and exchange are morally clean which seems to be your criteria here.

Re: Where are all the crypto use cases?

#123

Post by seibelj »

spupe wrote: post #119
seibelj wrote: post #93

Earlier quoted context omitted.

The Chinese government has committed horrible atrocities. The US government to this day has people locked for life in prison because they sold marijuana for the third time and were sentenced to life. Prior governments worldwide sanctioned human slavery and collected taxes on slave sales. You say illegal - but I say immoral

What a ridiculous argument for tax evasion. Your tax money also supports elderly care, orphanages and a range of essential services that you have already benefited from. What you are doing is immoral - freeloading.

I didn’t realize promoting free speech, which would get you arrested and potentially murdered in China, meant you were an immoral person.

But with absolute government control over the payment rails, such activism is impossible without a sword over your neck.

Re: Where are all the crypto use cases?

#124

Post by shafyy »

rnk wrote: post #112
tptacek wrote: post #38

Earlier quoted context omitted.

I'm a broken record on why I believe this is a distinctively bad use case for public blockchains, for whatever it's worth. But it doesn't matter that I think this use case is doomed; what matters is: it's not a serious mainstream thing right now. If it becomes one, you won't have to argue; it'll be self-evidently an important use case.

Please explain what this is a bad use case. I'd love to learn why that is.

Not the person you're responding to, but my view on this is: Having one online identity that is publicly viewable by everbody is a privacy nightmare. Yes, I know that it's pseudonymous, but it's possible for a sufficiently motivated entity to find out who is behind a pseudonym.

Re: Where are all the crypto use cases?

#125

Post by theshrike79 »

rnk wrote: post #112
tptacek wrote: post #38

Earlier quoted context omitted.

I'm a broken record on why I believe this is a distinctively bad use case for public blockchains, for whatever it's worth. But it doesn't matter that I think this use case is doomed; what matters is: it's not a serious mainstream thing right now. If it becomes one, you won't have to argue; it'll be self-evidently an important use case.

Please explain what this is a bad use case. I'd love to learn why that is.

Because you can't remove stuff from a blockchain.

Change your name? Old name still there. Change your phone number? Still there. All old email addresses? Still there.

Re: Where are all the crypto use cases?

#126

Post by aforwardslash »

hattmall wrote: post #26

The best use case I know of is Handshake. A domain name system that would be resistant to seizures and censorship. Domains are purchased and a fee is paid which gives a sustainable reason for the coin to have value. Though I think the same thing could be accomplished on Ethereum with web3. Of course running your own or shared DNS can have the same value, but I think Blockchain is a legitimate case for decentralizing…

"that would be resistant to seizures and censorship" - from a cursory look, blocking the protocol and/or identifying peer nodes for a participant is almost trivial, for a state-sponsored actor.I dind't see anywhere in their site a proper threat model, attack simulations or any kind of actual fact that supports the claim of resistance to seizure or censorship. Have you seen those? Also, they clearly forget that most modern CAs actually store SSL certificate details on a blockchain. Its called certificate transparency.

Re: Where are all the crypto use cases?

#127

Post by redox99 »

petesergeant wrote: post #94

> cheap loans a loan that might double in the amount of fiat you have to pay back isn’t cheap, it’s nuts. Also there’s significant cost converting to and from fiat to take it out > filecoin https://randomoracle.wordpress.com/2019/12/07/filecoin-storj... > LabDAO Toucan Golden.xyz Why not just a centralised database though? > Radicle.xyz OK sure, if you have code that GitHub won’t accept, then this looks ok, but presu…

> Also there’s significant cost converting to and from fiat to take it out

No there's not. Trades on exchanges are under 0.1% [1]. ERC20 tokens have some fees because of gas but it's a flat amount [2], which is negligible for any operation over a thousand dollars. Fiat withdrawals are generally free [3]. The most expensive part usually is the gas to interact with the DeFi smart contract, but it's also a flat fee.

[1] https://help.ftx.com/hc/en-us/articles/360024479432-Fees

[2] https://etherscan.io/gastracker 0.75USD as of now, but it can reach like 10USD when the network is congested.

[3] https://help.ftx.com/hc/en-us/articles/360043023772-Depositi...

Re: Where are all the crypto use cases?

#128

Post by aforwardslash »

WheelsAtLarge wrote: post #10

Helium as an incentive for the LoRaWAN network is the killer app for crypto. People are building a world wide LoT network. It's all decentralized. It's all being created by people who earn helium as a reward. I think the same model can be duplicated for other needs. If we give it time we'll see more solutions being created using the same model.

I'm old enough to remember WiFi mesh networks, OLPC and how they would change the world in the future. I've lived in that future for a while now, and seldom see an actual mesh network. One of the advantages of LoRa is that is free. Any monetization scheme on top of this is actually prejudicial to the tech. Also - from my limited knowledge - LoRa is actually quite prone to abuse or traffic prioritization; this is often not an issue on a self-regulated community, but it will clearly be an issue if there is monetary incentive to disrupt the network behaviour.

Re: Where are all the crypto use cases?

#129

Post by maccard »

koonsolo wrote: post #92
woopwoop wrote: post #43

> Crypto is successful at being money. If you don't believe me, then I'm happy to sell you the laptop I'm writing this on for 1,000 ETH instead of 1,000 USD. Ford F-150s are successful at being money. If you don't believe me, then I'm happy to sell you the laptop I'm writing this on for 1,000 Ford F-150s instead of 1,000 USD.

If you want to read my article, you can pay me 0.001 Nano (sub-second, 0 fee transaction), or you can pay me $0.001. Oh no wait, you can't pay me $0.001!

And paying you 0.001 in ETH or BTC will cost many orders of magnitude more than that in payment fees alone, and take massive amounts of time to vetify. Meanwhile the actual solution to this problem is micropayments, which can (and allegedly are) better implemented using traditional texhnologies

Re: Where are all the crypto use cases?

#130

Post by bowsamic »

For me it's just a waiting game. I'm not going to start the next big crypto project, and I really don't want to get too caught up in FOMO, so if blockchain actually becomes huge and useful, I'll wait and see. I don't mind if it does, or if it doesn't. There are certainly aspects of it that sound very exciting, but also it seems that the unwieldiness of it counteracts that.

In many ways it's like quantum computing vs. classical computing, everyone is very hyped about it, but no one knows exactly what we are going to do with it, and it isn't clear that the cost and difficulty of using it justify the somewhat ephemeral benefits.

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