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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

#231

Post by hnthrow1010 »

stevenjgarner wrote: post #140
rrdharan wrote: post #106

Earlier quoted context omitted.

Are you stating that you actually have, or speculating that bitcoin must help such people?

Both. I do quite a bit of offshoring in Central and South America (and elsewhere). If I make payment to contractors in Colombia for example, the recipients have severe restrictions on spending that money outside their country if it is in USD or pesos. Hence crypto. This does not even address the huge number of "unbanked" people in the US who have to pay a fortune in fees for their payments to family back "home" - cry…

Crypto isn't helping there, that's just another form of regulatory arbitrage. If you're exchanging the crypto for USD or pesos anyway then what you're doing is still probably illegal.

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

#232

Post by Fezzik »

rvz wrote: post #224
stevenjgarner wrote: post #196

Earlier quoted context omitted.

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' nonse…

I read the whole thing, including the survey results summary, but nowhere do I see how a survey of 2,000 of their own subscribers can be magnified to “represent” three million people. That methodology is not mentioned anywhere that I can see. And while I am definitely not a statistician this seems like massaging the numbers to an extraordinary degree.

I certainly have no doubt that a portion of the 2,000 people surveyed, that are very-likely already interested in cryptocurrency, use cryptocurrency for cross-border transactions as they say they do. But that’s all the survey shows absent an explained methodology for extrapolating larger numbers from their pool.

Edit: clarity.

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

#233

Post by Schroedingersat »

ww520 wrote: post #150
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.

That's predicated on the idea that bitcoin has other uses.

Adding nodes to a linked list in the least efficient way possible to promote an mlm doesn't create any value.

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

#235

Post by 4512124672456 »

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…

> Trustlessly

With cryptocurrencies, you need to trust:

* The exchanges (and other ramps for getting useful money into the system and out of the system)

* The developers of the chain

* The developers of the smart contracts

* The developers of wallets

* The miners

* The internet providers

* The hardware manufacturers

* The government (yes, they could punish usage of cryptocurrencies hard if they wanted to)

> 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.

Which can all be lost or stolen easily without a central authority and a judicial system. Do not underestimate the power of phishing, especially if it is directed towards specific people.

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

#236

Post by boppo1 »

spicymaki wrote: post #132
toolz wrote: post #87

Earlier quoted context omitted.

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.

Is bitcoin an investment or a currency? I don't think it can be both. If the value of bitcoin as speculative asset is going to rise, then it is best to not spend it, but to hoard it. If everyone is hoarding bitcoin how can you use it to buy things? If it is a currency then it needs to have a stable value. If the value stabilizes, then no one will want to invest in it. Since it does not have any "real" commodity value…

I agree that bitcoin needs to decide whether to be an investment or a commodity of exchange.

> If everyone is hoarding bitcoin how can you use it to buy things?

When people need something more than bitcoin, they'll trade for it. Food, shelter, medicine, etc. People will certainly trade for these things. But maybe they'll pass on replacing a phone that's only 2 years old or getting an xbox or 6 pack of beer.

It's fascinating to me that people say currency can't be deflationary or people will hoard it. You're so against people hoarding, i.e. saving money? People act like the economy will stop, but no matter how deflationary a currency is, people will still trade it for needs like food and shelter.

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

#237

Post by hnthrow1010 »

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…

>If we relied on blockchain tech, it would've been processed in a day.

Why? This is an unsubstantiated claim. Blockchains still have an outside body that you're required to trust, several in fact. The most prominent one is the miners.

I can't tell what the admin issues with your sale were because you didn't mention them, but it seems like being able to see the validity of the claim wasn't the issue that took 6 years for lawyers to resolve. You can show them the validity in person on the day of the sale.

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

#238

Post by Fezzik »

stevenjgarner wrote: post #146
Fezzik wrote: post #100

Earlier quoted context omitted.

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/

The survey results I saw, the important citations I didn’t see is how they extrapolated the results to represent anything more than the responses of 2,079 people that are interested in surveys about cryptocurrency and cross-border transactions. Therein lies the rub.

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

#239

Post by simonw »

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.

The failure of crypto to actually take off in El Salvador is pretty well documented at this point I think.

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

#240

Post by hnthrow1010 »

cowtools wrote: post #50
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.

The internet did not have to overcome network effects in the same way that cryptocurrency has. If there was a "super-centralized" network that already had major success (for example, imagine a world in which teletext or something was dominant before the internet) then the internet/web may have had a serious competitor. Instead, the internet was largely reverse-compatible with previous networks such as the phone netwo…

>The internet did not have to overcome network effects in the same way that cryptocurrency has.

This line of thinking is extremely dangerous, even moreso for something that's claiming to be a currency. This is the mentality that lead to these ponzi-like schemes; the promoters are prioritizing growth at all costs for the sole purpose of overcoming the network effects. Not because they actually built decent products.

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