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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?

#91

Post by latchkey »

galaxyLogic wrote: post #81
RexM wrote: post #21

Earlier quoted context omitted.

I had not heard of Akash before. So I pay real dollars to setup and run a K8S cluster and people pay me in funny money to host their app on it? Looking at the calculator[0] the price fluctuates quite a bit. The 30 day average is 1 AKT/$0.35 while the current price is $0.215. [0]: https://akash.praetorapp.com/calculator

I would like the reverse case where my app runs in other people's machines and I get paid in crypto whenm people use it. Is there such a thing?

Google: "accept crypto payments"

For example:

https://bitpay.com/online-payments/

Re: Where are all the crypto use cases?

#92

Post by koonsolo »

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!

Re: Where are all the crypto use cases?

#93

Post by seibelj »

dmitriid wrote: post #85
seibelj wrote: post #67

Earlier quoted context omitted.

I’m extremely deep in this space, so I will provide some more anecdotes. A lot of the Chinese crypto engineers (of which there are many) are paid in USDT. This avoids all of the capital controls and knowledge the state has. There is an entire subculture of Chinese who operate their businesses in USDT, mostly digital ones but it has bled into the physical world as well. In Hong Kong duffel bags full of paper currency…

> 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

Re: Where are all the crypto use cases?

#94

Post by petesergeant »

> 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 presumably it either has a mechanism to stop CSAM on it, at which point it can also be censored, or the Feds are coming for you if you run a node…

> Helium - Incentivization layer for the LoRaWAN network

Some kind of payment mechanism for sharing Wi-Fi? I didn’t have time to dig deep enough, but almost certainly a centralised authority would work better because it almost always does

> NFTs

Better handled by a central authority, and looks like OpenSea is already acting as one re stolen apes etc

> A blockchain is not a database … A blockchain is an escrow without a third party

And the lack of use-cases for that is the reason there are so few use-cases for blockchain

Re: Where are all the crypto use cases?

#95

Post by guerrilla »

stale2002 wrote: post #76
guerrilla wrote: post #37

Earlier quoted context omitted.

> Bitcoin, as one example, does a better job limiting supply and preventing inflation than its fiat alternatives. You assume that's a plus, but most of the world acts on the opposite assumption, i.e. NAIRU-like policies. I'm not picking a side, just pointing out that you disagree with almost every expert on the planet.

> I'm not picking a side, just pointing out that you disagree with almost every expert on the planet. The beauty of crypto is that if you don't like this feature of crypto, you don't have to use it. Everyone gets what they want! The "experts" who prefer inflationary currency can keep using that, and people who don't want their money inflated can choose otherwise.

Or... there are reasons nobody does that.

You do realize deflationary "currency" disincentivizes spending, right?

Re: Where are all the crypto use cases?

#96

Post by wickoff »

pfraze wrote: post #42
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.

Sorry to make you repeat yourself, but we’re looking at DIDs and I’d like to know your arguments against them. Do you mind linking to a comment or summarizing?

Two words. Identity theft.

Re: Where are all the crypto use cases?

#98

Post by radicalbyte »

nl wrote: post #34
tptacek wrote: post #8

If these are powerful use cases, you probably won't need to inform us about them; we'll all be using Filecoin instead of S3, or Radicle instead of Gitlab. Instead of "here are some popular use cases", you'll say "you rely on crypto every day, in order to access this structured knowledge graph thing everyone uses". If replacing S3 and Github are the strongest cases you can make, I'm dubious: I don't doubt there are pe…

I think self sovereign identity (ie, what Keybase did but standardized and anchored on a public blockchain rather than a private database) is an interesting consumer-facing technology that is crypto based and isn't a scam. Identity plays are tricky commercially but there do seem to be some interesting shoots of growth around it.

Nah, SSI is interesting but it has absolutely 0 need for a blockchain. It's just another case of a solution looking for a problem.

The only reason anyone cares about blockchain is because of the ability to speculate. Remove that and it's a tiny niche tech - which certainly has use cases but nothing you can build a Facebook or Google around.

Re: Where are all the crypto use cases?

#99

Post by latchkey »

dmitriid wrote: post #83
latchkey wrote: post #70

Earlier quoted context omitted.

> You can't use these "DeFi loans" to buy a house in the real world. You can if the person selling the house agrees to accept the token (likely some form of stablecoin). Whether that matches your definition of 'real world' or not, these things have happened already. We will probably see less of this in the US, but I can imagine someone in another country gladly accepting tokens. I don't see why this is so far fetched…

> don't see why this is so far fetched at this point Because you've fetched it far with "I can imagine someone gladly accepting tokens for a house"

You mean like this?

https://www.cnbc.com/2022/05/02/greenwich-mansion-for-sale-w...

Re: Where are all the crypto use cases?

#100

Post by cowtools »

WatchDog wrote: post #66
bruce511 wrote: post #13

He misses the two main use cases, and the two things that crypto are used for that dwarfs everything else. A) it's a great speculative asset. Huge volatility in value means fortunes can be made (and lost) in days not lifetimes. All those crypto ads on the radio talk about "investing" in Bitcoin - marketing it as an asset, not about using it as currency. It appears to be a zero sum game. I'll make no judgement about i…

Adding to B, it's also great for money laundering and avoiding sanctions. If you are a Russian oligarch, it's great for being able to pay your superyacht crew.

I suppose, but is it that much better than cash?
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