name one real usecase for crypto that isnt buying and selling nfts. at best you could have a decentralized database but the costs would be outrageous
name one real usecase for crypto that isnt buying and selling nfts.
name one real usecase for crypto that isnt buying and selling nfts. at best you could have a decentralized database but the costs would be outrageous
To transfer my money to poor Indian villagers easily.
to launder money and hoodwink the biden administration with financial chicanery
Crypto only exists because the banks are extremely corrupt and bankers are thieves. High inflation encourages high risk investing. Nothing is newer and riskier than crypto. High risk comes with high rewards. If I was rich I probably would’ve thought crypto was stupid but being poor I told myself I needed to research it. I’m so glad I did that back in 2016. It changed my life and made me rich
It’s use case is saving minimum making wagies like myself. What other asset class can you DCA making $8.50/hour and retire after 3 years? I didn’t even have a car when I found Bitcoin. Now I have cars, house, stocks, my lifestyle all paid for by crypto
To hold a form of money that the government cannot take from you. To pay some one in which the government cannot freeze. The more you know, the better you will do anon
Smart contracts which enables the automation of trillions of dollars of work
Can you give some examples?
Insurance, real estate transactions, medical recordkeeping and various tasks
In all cases, standard databases are better for these.
Crypto is a good solution when you want autistic libertarian money that the govt can't easily control. But the public wants security and humanity. Nobody wants a system where clicking the wrong link loses your house deposit. Nobody wants their medical records to disappear if they lose their private key. Most people are babies and the expensive system we have exists because those babies need to be managed by the state.
there will be systems that facilitate the use of blockchain through smart contracts anyway.
sure now its scuffed and unusable for retail and normies but that will change the more crypto grows.
Scalability is the bigger hurdle for sure. Ssecases are immense but the execution is far away
cryptographic key is much better for sensitive data, like adding a private key and signature with timestamp. NFTs right now are fucking retarded grifts but its most likely the early implementation of things like land grants managed by smart contracts.
We already have existing tech that is cryptographically secured. It's relational databases, protected by usernames and passwords, managed by IT teams.
Every time people talk about how there will be future crypto solutions to the security problems, they just describe ways to try and build a system that doesn't have cryptos fundamental properties around crypto.
It's not a mistake that cryptos main use-case (other than speculation) is crime. Crime is an area where the risks involved outweigh the technological risks of how the wealth is transferred.
>relational databases, protected by usernames and passwords, managed by IT teams
Woah, it's almost as if "trustless" was a special property that separates a blockchain from an Excel spreadsheet saved in a cloud.
Yes, the point is it's a negative property for most of the proposed use cases this thread is about.
Trusted organizations serve a purpose because we're human and subject to all sorts of legal and political frameworks that people care about.
>Smart contracts which enables the automation of trillions of dollars of work
Smart Contracts are shit
you have to pay fees in every step until you reach the destination
>you have to pay fees in every step until you reach the destination
Uhm, Anon, have you ever heard of the term "bureaucracy"? You pay fees for every step of the government/corporate paperwork too.
Eliminating counterparty risk across the entire global economy.
Oh right bro, crypto has completely eliminated counter party risk lmfao.
i trust unbiased code and decentralization more than centralized israeli institutions.
NFTs. What? you said a use case that isn't buying and selling NFTs. You can still find use cases in NFTs. Put it bluntly, the best one I've seen is tickets/coupon/gift redemption.
Why wouldn't you just use a database for coupons lmao. You're just describing money in a roundabout way.
BECAUSE ITS COOLER
Escaping hyperinflation in a particular nation seems to be a legitimate one.
Apart from that I can't think of any that aren't antisocial.
Getting to earn yield on my own assets without giving a cut to an opaque kosher money manager
>that isnt buying and selling nfts
Monkey JPEGs are not NFTs.
Real estate ownership records, copyright records, patent records - those are NFTs and they absolutely can bear those $100 in writing fees (reading is public and free).
Some of the responses in this thread are hilariously stupid
So yku own your money
Lending crypto on radiant capital.
You already know
It makes govt, normies, and women seethe. Simple as.
idk I usually use crypto for things like PLEB cus I'm too lazy to look for anything else, I mean, it works for me
Janitor and moderator are compromised by left wing scammers. Abandon board. this website is pedophile discord scammers and nothing more
Buy btc ignore the rest of crypto