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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

#141

Post by kelnos »

stevenjgarner wrote: post #98
readams wrote: post #54

Earlier quoted context omitted.

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

Cool, but the grandparent was specifically talking about inflation hedging, not about payments.

Regardless, the article you link does not actually claim what the title says it claims:

> PYMNTS research reveals that many consumers (24%) see the option to send funds in cryptocurrency as a key motivator in choosing a payment services provider (PSP), in fact.

That does not mean 24% of cross-border payments are made in cryptocurrencies. It means that 24% of people think that it's important that their payments provider supports cryptocurrency as an option (and says nothing about whether or not they exercise that option, or even have an account with such a provider).

Also, even if this were true, that does not mean you are correct in stating that cryptocurrencies are about payments. It's pretty clear that far, far more people use them for investing speculation.

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

#142

Post by Aunche »

jonas21 wrote: post #70
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 as skeptical of Bitcoin as anyone, but this is not a very good argument. You'd come to the same conclusion if you evaluated the state of aviation in 1900 or photography in 1820. Even the Internet was useless to the average person in 1982 (13 years in).

Photography and flying always had obvious practical applications. The problem was that the technology was not quite there yet. As far as I can tell, there isn't any obvious technological problem that's limiting the success of blockchain.

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

#143

Post by stevenjgarner »

Fezzik wrote: post #100
stevenjgarner wrote: post #85

Earlier quoted context omitted.

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.

Umm ... that was an exact quote from the article.

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

#144

Post by siliconc0w »

IMO as an inflation-hedge and as a payments network (once PoS or layer-2 gets going) is going to be the crypto killer-app. Possibly even a reserve currency. It shouldn't be all of your portfolio but I think it's a reasonable hedge given the current direction (or even current state) of most major economies.

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

#145

Post by pedalpete »

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…

My understanding, and I haven't been there in a while, but apparently Argentinians were using Bitcoin and other crypto's to store currency because the government had made it difficult to trade US dollars for Argentinian pesos. Even when I was there, a grey market existed for trading dollars. The gov't tried to keep very tight controls on exchange of currency.

However, recently Argentina has banned banks from converting crypto to pesos.

So, I think we can say that it was happening enough that the gov't took action. If it wasn't happening at all, they wouldn't have done anything.

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

#146

Post by stevenjgarner »

Fezzik wrote: post #100
stevenjgarner wrote: post #85

Earlier quoted context omitted.

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.

I would not call the "survey of 2,079 respondents" by Stellar Development Foundation [0] "woefully-lacking-of-legit-citations".

[0] https://www.stellar.org/

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

#147

Post by tremarley »

MBCook wrote: post #83
victorvosk wrote: post #63

Earlier quoted context omitted.

I agree except "an staggering amount of crime". This has been studied a lot and there is no clear evidence of more crime than normal occurring just because of bitcoin

Why did ransomware explode after Bitcoin came along? Why is it (and Eth) the payment method everyone asks for? Because it’s far far easier to use for ransomware and to hide your trail than any traditional bank transaction or money transfer.

Ransoms have been paid via Bank Wires, PayPal and other technologies for decades.

99% of internet based ransoms are still being paid via Bank Wires.

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

#148

Post by MBCook »

influxmoment wrote: post #61
testesttest wrote: post #55

Earlier quoted context omitted.

Have you tried storing the list lately? I don't think you have a 10TB plus flash drive. https://etherscan.io/chartsync/chainarchive Crypto is more and more centralised because the hardware to run your own node is now thousands of dollars. That is without even getting into miners...It is kinda failing.

That's Ethereum. Largely was consider a bad ideas because it's too large to independently validate

You’re right. 324 GB is far more manageable. Their point is totally invalid.

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

#149

Post by cornel_io »

thematrixturtle wrote: post #43
glerk wrote: post #30

Earlier quoted context omitted.

There are a lot of successful blockchain projects that respond to various use cases. On top of my head: - Uncensorable money: og bitcoin and pretty much everything else - Uncensorable money + privacy: monero, tornado.cash, etc. - Decentralized exchanges/automated market makers: curve.fi, uniswap, etc. - Prediction markets: polymarket etc. EDIT: looks like omen and augur are dead

Please note the stipulation "real world": everything you just listed involves moving bits about in the crypto world.

Eh, by that logic you shouldn't consider any fintech company to be "real world" either because they just involve moving bits around in the banking world.

The difference is that you consider the traditional banking world legit and the crypto one scammy and fake, which is a perfectly valid opinion to have, but completely begs the particular question of whether any of this shit has real world utility.

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

#150

Post by ww520 »

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 do see one use of Bitcoin - harvesting energy in remote places where the electricity transmission cost is prohibitively high. Cheap energy in remote places that have no chance of transmitted out for normal usage is converted to value in Bitcoin.
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