So, let's all use facebook ... no that wouldn't work they sell off our data...google...apple...the government(bailouts anyone)...
as hard as I try I can't seem time find a central authority that's earn my trust..
do I use them now sure.
and if all I need it is for a couple of crypto coins to hold value long enough to buy crap until my next pay check then I could see it being stable enough for that.
file coin seems like a pretty cool protocol.
prediction markets seem like a cool way to keep truth manageable.
and if 10-40 people run a publicly verifiable block chain and they have a stake if it works then I don't see how small groups or towns couldn't run a local blockchain and it's compatible with a bunch of other ones thru defi.
To me the whole point of blockchain and Defi is that the network doesn't scale but does it really need to.
and as for NFT. I imagine watermarking will be added and apple made billions selling music for 99cents when pirating was at an all time high.
Most people want to see creators create and get paid.
In the long run its going to be about network transaction fees going to near 0.
so as long as distributed means fair competition baked into the networks, crypto will thrive maybe not as an investment but as a way to handle micro payments and funding creators
as hard as I try I can't seem time find a central authority that's earn my trust..
do I use them now sure.
and if all I need it is for a couple of crypto coins to hold value long enough to buy crap until my next pay check then I could see it being stable enough for that.
file coin seems like a pretty cool protocol.
prediction markets seem like a cool way to keep truth manageable.
and if 10-40 people run a publicly verifiable block chain and they have a stake if it works then I don't see how small groups or towns couldn't run a local blockchain and it's compatible with a bunch of other ones thru defi.
To me the whole point of blockchain and Defi is that the network doesn't scale but does it really need to.