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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

#221

Post by BlueTemplar »

kelnos wrote: post #126
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…

Like a sibling poster, I hear this a lot too, but I don't see it as all that significant. Or, rather, these are excellent uses, but Bitcoin is a terrible way to accomplish this -- it's just a huge shame that there may not be better options. An actual currency should have a stable value. Bitcoin will never have a stable value (at least not while it is popular) due to speculation. People who believe Bitcoin is a safer…

Increased popularity was supposed to make it more stable. Which indeed seems to have happened, with each boom/crash less extreme than the previous one ?

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

#222

Post by BlueTemplar »

aordano wrote: post #176
pedalpete wrote: post #145

Earlier quoted context omitted.

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 converti…

Very few people here in Argentina actually hedged against inflation with cryptocurrency, it's always USD, EUR, precious metals or high-ticket items (like guns). Regarding the subset of people that actually engages with cryptocurrency, most of them are in it to make a buck, not prevent their money from losing value. Similar story for some Venezuelan folks i know. To be fair, cryptocurrency as a way for transferring mo…

Not if you want to transfer value to the other side of the world..? (which admittedly is quite a niche use case)

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

#224

Post by rvz »

stevenjgarner wrote: post #196
kelnos wrote: post #174

Earlier quoted context omitted.

I think most people are rightfully skeptical of survey results where survey methodology is not disclosed.

Their disclosed survey methodology: "The Cross-Border Remittances Report, a PYMNTS and Stellar Development Foundation collaboration, draws from a census-balanced survey of 2,079 U.S. consumers who made cross-border peer-to-peer payments, conducted between June 23 and July 12, 2021. Respondents were an average of 39 years old, and 41 percent were female. Also, 47 percent held college degrees and 48 percent earned more…

There you go.

Not only crypto-skeptics can't be bothered to do basic research and even finish reading the entire PYMNTS article and click the 'Download report' link at the end of the article to see and verify the citations and methodology for themselves, instead they continue to pull out anecdotes, assumptions and at worse fallacies to deny reports like this one because 'all crypto bad', or 'all blockchain bad' nonsense. The decades of denial and ignorance from them is beyond pathetic.

What I am seeing here overall in this thread is a very extreme anti-crypto reaction, because the most vocal of all critics have lots books to sell them and they are certainly on a mission to totally stop all of crypto, blockchain and NFTs.

Good luck with that.

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

#225

Post by Diesel555 »

tremarley wrote: post #198
weej wrote: post #175

Earlier quoted context omitted.

>> "we are forced to own nothing and be happy. Bitcoin, Blockchain and crypto solves this." Serious question, what/where does this apply to? I get NFTs for digital authenticity, but PKI solves this too. How does one "own nothing without blockchain" when we have property deeds, automobile titles, jewelry and fine art certificates of authenticity all without blockchain? Your comment comes off as a solution looking for…

All of those things requires us to trust somebody, which is a glaring single point of failure in the system. Things can go wrong. When any of these deeds, titles or certificates are lost, burnt or stolen. You have to rely on an outside body to keep a backup safe for you. Blockchain allows us to be super efficient too. Which is a perk. Rather than the need of waiting for someone to certify, deliver, inspect, notify, r…

The problem with blockchain implementation is that most of them still rely on us to trust someone. It is not implemented in the distributed self hosted way people think. The top hacker news submission about Web 3 (blockchain) points out that NFTs and other blockchain technologies are centralized and reliant on trusting someone in practice [1][2].

[1] https://moxie.org/2022/01/07/web3-first-impressions.html

[2] https://news.ycombinator.com/item?id=29845208

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

#226

Post by stillbourne »

dang wrote: post #202
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 keep saying this, but: Please don't do this. We want curious conversation, not repetitive talking points. https://news.ycombinator.com/newsguidelines.html https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so... I don't mean to pick on you personally—it's a serious problem with all threads on this topic.

No post body was provided.

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

#227

Post by hnthrow1010 »

seibelj wrote: post #206
gitanes wrote: post #195

Earlier quoted context omitted.

Argentina. 100% of annual inflation. People use crypto everyday to get money in and out of the economy.

This is absolutely true - binance plus stablecoins is how the economy works there.

That seems obvious to me that they absolutely don't want crypto. If it's stablecoins they're after then what they really want is USD, so badly that they'll use whatever shady unregulated crypto bank sells it to them.

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

#228

Post by Group_B »

tremarley wrote: post #190
Group_B wrote: post #152

Earlier quoted context omitted.

Crypto does not bypass in any way the ability for a company to charge me a subscription instead of offering me an option to buy something outright.

If you keep money in the bank. You don't own it, the bank does. You need permission to access it and are limited on what you are allowed to use it for. If you keep cash or gold in a safe place. You are only allowed to keep a certain amount. It can be seized at will. Your will that declares what assets go to your children. The deed to your home. The lease for your car. Certificates. Art. Tickets. Contracts. Money. We…

A ledger is only useful if the money it points to is actually useful.

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

#229

Post by hnthrow1010 »

dang wrote: post #202
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 keep saying this, but: Please don't do this. We want curious conversation, not repetitive talking points. https://news.ycombinator.com/newsguidelines.html https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so... I don't mean to pick on you personally—it's a serious problem with all threads on this topic.

I can't speak for the parent comment but I've had the same problem myself in discussing this. I would actually love to have to stop repeating myself, but the crypto CEOs keep also repeating the same marketing lines over and over again with reckless abandon and then a new group of people reads it and pops up the next day asking the same questions. Sometimes I can even directly map some comments to a series of tweets from a CEO just by searching and it's really frustrating. Dan, you should know this as well as anyone: it's easy for some startup to dump out unverified claims all over the internet. It takes continued and constant effort to refute those claims. So what can we do here? It feels like the amount of hype that's (still) happening is inherently not conducive to good discussion.

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

#230

Post by giantrobot »

stillbourne wrote: post #226
dang wrote: post #202

Earlier quoted context omitted.

> I keep saying this, but: Please don't do this. We want curious conversation, not repetitive talking points. https://news.ycombinator.com/newsguidelines.html https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so... I don't mean to pick on you personally—it's a serious problem with all threads on this topic.

Quoted post unavailable.

I don't disagree with your points but dang is the super duper moderator. I don't think he's going back to 4chan or Reddit...
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