I don’t think whether a blockchain is the best way to implement something is going to be the determining factor in its success. The world is full of sub-optimal solutions that succeed for other reasons, human irrationality being the foremost. Fifteen years in and I still can’t figure out wtf problem Twitter was supposed to solve.
1 Like
Where else can you yell at all your favourite celebs in one place?
Do they ever read any of it tho? I sure wouldn’t.
Anyway, I was just thinking deep thoughts while brushing my teeth, and I guarantee that within the past week somebody has written an article talking about how blockchains are a solution in search of a problem, which they then published as a series of individual tweets, combined into a thread, which another user then requested a bot written by a third party further aggregate for them and publish on a different web site so they could read it more easily. And all those individual tweets got lots of hearts and replies about how silly it was for people to do something that didn’t make a whole lot of sense.
2 Likes
It’s all network effects? Always has been.
1 Like
I see the biggest potential value of blockchain as creating a record of activity that is transparent and traceable in a way that a centralized authority can’t obscure. Obviously, some people don’t want certain transactions on the chain. Other people want to be able to point to something brag-worthy, hence NFTs.
The uses increase if we can diminish people’s expectations of privacy and make them comfortable with more of their business being in the public eye. Social media has helped in this regard, as people become used to putting their lives online.
The focus of crypto should be on security, not secrecy.
Here is one such use - property titles. Obviously, you can just do this with a central government agency, but in some countries with lots of corruption I can see advantages to it being on the blockchain. Even in the US, where we pay an exorbitant amount for title insurance, I can see advantages if there were a blockchain that it easy to check.
Downside is of course what happens if blockchain hacked, do you lose title? I could see some dual system where you have a multi-sig wallet and both the owner of the property and a government official would have to authorize the transaction.
2 Likes
pretty clear that as long as people have time/money they’re going to buy this, 4th of july weekend should be another nice bounce and the economy is still fine so they still have money.
now in between who knows I suppose
This is a solution only where:
- central government is too corrupt to reliably determine title and
- said government is nevertheless reliable enough to enforce title (that they are too corrupt to determine).
Both can’t be true together in the real world. There isn’t a technological solution to some things.
3 Likes
When people are home/bored they buy crypto seems to be a proven theory.
60% of the time it works every time.
I just paid $14 for two taro boba slushies in a run down shopping center in Forida. Seems not sustainable.
1 Like
If you had used bitcoin to buy those slushies today you’d already have made that money back plus a thousand dollars.
So eventually it will crash back to zero but there will be a pot of gold there?
6 Likes
Decentralized finance just voted to steal someone’s money, and liquidate it.
https://twitter.com/solendprotocol/status/1538442258348793856
Maybe Awice was that user 
Feels dead catty.
I am itching to buy some as a gamble.
Yeah they seem to just be mirroring equities’ futures which seem really dead catty
I’m putting money into the casino if Eth falls to $500.
2 Likes