Ten years in, nobody has come up with a use for blockchain

zionbar · Dec 29, 2017

Sherbert Hoover said:
You posted this in the wrong thread. I went ahead and reported the post so a mod can move it back to the correct thread and combine your rapid fire multi-posting into one post in that thread as well.

I don't have to do anything. I'm not "hating", I'm stating facts and opinions, and backing up my reasoning every step of the way.

I have a few hundred dollars each invested in bitcoin, ethereum, and bitcoin cash right now. I could easily invest more or start foraying into other alt coins, but decentralization is not one of my concerns. My risk aversion keeps me from doing so. I have responsibilities and a family to provide for, so tossing funds at something as volatile as cryptocurrency just for the thrill of it, compared to a safer investment vehicle such as an index fund or large cap stock, is not a smart financial decision. I think we can both agree on that.

I honestly cannot believe that you are attempting to come across as knowledgeable with responses of "If youre gonna be a hater just admit it bro". What are you going to do, push me?

I was well aware of the XRP escrow, as I am well aware that they are in control of the escrow, not a third party. I also was aware of the founder's dealings with their own coin. I can assure you that I know far more about Ripple and XRP than you do.

Maybe u do know more than me about ripple i doubt it but did u know enough to buy it when it was 70 cents like i did? Nope u were busy bashing it

Buy the shirt man

redjebo · Dec 29, 2017

jazzc said:
You're acting as if there needs to be any other reason other than profit to do something

So, if hypothetically, everyone in the world buys crypto with their money, then everyone will somehow get richer? The money, be it flat or crypto, or whatever, represent the things/services you can own/have in exchange for them. You can't just globally change the currency and suddenly have more commodities available to buy with it.

selembar · Dec 29, 2017

On November 15, 2017, the first digital Zug ID will officially be registered on the Ethereum blockchain in front of a live press audience.
https://medium.com/uport/first-official-registration-of-a-zug-citizen-on-ethereum-3554b5c2c238

jazzc · Dec 29, 2017

redjebo said:
So, if hypothetically, everyone in the world buys crypto with their money, then everyone will somehow get richer? The money, be it flat or crypto, or whatever, represent the things/services you can own/have in exchange for them. You can't just globally change the currency and suddenly have more commodities available to buy with it.

I don't understand how what you quoted from me seems to you related with what you wrote here.

Profit in this context means to buy low and sell high. Be it real estate, stock, btc or potatoes.

redjebo · Dec 29, 2017

jazzc said:
I don't understand how what you quoted from me seems to you related with what you wrote here.

Profit in this context means to buy low and sell high. Be it real estate, stock, btc or potatoes.

It was more related to the implication made from most coiners (and I thought is what you imply as well) that if you buy btc and HODL, you'll end up richer, period.
I don't see how is this possible, if everyone was to do that then where would all the stuff magically come from for us to buy with our btc which made us 1000 000% richer, i.e a Lambo for everyone? It's impossible.
So, yeah, some will get richer by buying low and selling high, and for every such person there will must be several other persons that got burned. The end result looks very similar to forex trading or Ponzi scheme.

H3fog · Jan 5, 2018

Plenty of uses. One major use case is that people use accept eth or btc payments instead of paypal payments to avoid chargebacks.

Ten years in, nobody has come up with a use for blockchain

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