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Another point I’d add: isn’t it telling that we haven’t come up with use cases for crypto that aren’t in some way speculation in the last decade plus?

by fmvab 5y ago

Jommi 5y ago
I mean this argument falls apart easily on the debate about use cases for crypto. I'd stay away from making statements like this without backing them up.
- fmvab 5y ago
  What’s your counterexample?
  - Jommi 5y ago
    https://news.ycombinator.com/item?id=30730243 https://news.ycombinator.com/item?id=30730243 Or the fact that you trustlessly trade a virtual currency to any other virtual currency. The fact that thats possible is insane.
gfodor 5y ago
Crypto enables illicit transactions.
- lern_too_spel 5y ago
  Only because they haven't yet been regulated. That has already changed in China and is about to change in the US. Then that use case goes away.
  - gfodor 5y ago
    Maybe, maybe not. Certainly some people who are doing this will continue to do so despite regulation. In any case disproves the comment I was replying to.
rvz 5y ago
ENS [0] seems to be a use case here [1][2] and even the concept can be used by merchants for users to donate / pay towards verified names e.g: (myshopname.eth) rather than 0x123..cdef. That still isn't an example? I mean, I can even see that in reputable payment services like Stripe, BitPay and Coinbase Commerce in the future. [0] https://ens.domains https://ens.domains [1] https://www.skiff.org/updates/skiff-ens https://www.skiff.org/updates/skiff-ens [2] https://www.skiff.org https://www.skiff.org
- amilich 5y ago
  Thanks for sharing, we totally agree with the utility in collaboration and sharing. ENS/wallets give users a lot of utility on Skiff - it makes logging in to privacy-first platforms easier (manage on secret key/seed phrase), sharing easier (ENS vs. an address), and decentralized storage can be nice if you don't want your data hosted on big tech.
jgod 5y ago
What other way do you have to do this? First sentence of the Bitcoin whitepaper: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
- grumple 5y ago
  Except that's a lie because you need a middleman to process the transaction (mining group). And in reality it ends up having another company like coinbase in the middle as well. So now you're in a worse position than before. Actual cash moves quite easily.
- fmvab 5y ago
  I’d say that’s a feature but what I’m talking about is real in-use projects

Another point I’d add: isn’t it telling that we haven’t come up with use cases for crypto that aren’t in some way speculation in the last decade plus?

by fmvab 5y ago

Another point I’d add: isn’t it telling that we haven’t come up with use cases for crypto that aren’t in some way speculation in the last decade plus?

Jommi 5y ago

I mean this argument falls apart easily on the debate about use cases for crypto. I'd stay away from making statements like this without backing them up.

fmvab 5y ago
What’s your counterexample?
- Jommi 5y ago
  https://news.ycombinator.com/item?id=30730243 https://news.ycombinator.com/item?id=30730243 Or the fact that you trustlessly trade a virtual currency to any other virtual currency. The fact that thats possible is insane.

gfodor 5y ago

Crypto enables illicit transactions.

lern_too_spel 5y ago
Only because they haven't yet been regulated. That has already changed in China and is about to change in the US. Then that use case goes away.
- gfodor 5y ago
  Maybe, maybe not. Certainly some people who are doing this will continue to do so despite regulation. In any case disproves the comment I was replying to.

rvz 5y ago

ENS [0] seems to be a use case here [1][2] and even the concept can be used by merchants for users to donate / pay towards verified names e.g: (myshopname.eth) rather than 0x123..cdef. That still isn't an example? I mean, I can even see that in reputable payment services like Stripe, BitPay and Coinbase Commerce in the future. [0] https://ens.domains https://ens.domains [1] https://www.skiff.org/updates/skiff-ens https://www.skiff.org/updates/skiff-ens [2] https://www.skiff.org https://www.skiff.org

amilich 5y ago
Thanks for sharing, we totally agree with the utility in collaboration and sharing. ENS/wallets give users a lot of utility on Skiff - it makes logging in to privacy-first platforms easier (manage on secret key/seed phrase), sharing easier (ENS vs. an address), and decentralized storage can be nice if you don't want your data hosted on big tech.

jgod 5y ago

What other way do you have to do this? First sentence of the Bitcoin whitepaper: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

grumple 5y ago
Except that's a lie because you need a middleman to process the transaction (mining group). And in reality it ends up having another company like coinbase in the middle as well. So now you're in a worse position than before. Actual cash moves quite easily.
fmvab 5y ago
I’d say that’s a feature but what I’m talking about is real in-use projects