Brent Fitzgerald pfp
Brent Fitzgerald
@bf
The big ugly problem facing the crypto space: Will any of the products and protocols funded by speculation use cases have any use at all for mainstream use cases? Do Curve or Aave or DAI matter for people who aren’t using the blockchain like an underregulated casino?
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Brent Fitzgerald pfp
Brent Fitzgerald
@bf
There’s an ongoing quest for legit non-speculation use cases: Private blockchains for enterprise coordination. Banking the underbanked. P2P payments. Payroll. Identity. Fundraising. But we’re trying to develop these narratives around people and projects mostly just here to gamble. Those are the early adopters.
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mactar pfp
mactar
@mactar
I think the lack of legal clarity is the primary reason we don’t see mainstream use cases. At least more so than the tech not being able to provide them. Fwiw, DAI has like 700m in RWA backing I think
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Les Greys pfp
Les Greys
@les
I read this as “the guy problem facing the crypto space” I have no idea why. Some meta?
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sean pfp
sean
@swabbie.eth
I think the problem is most people still think of crypto as a finance industry when it’s just a tech industry. Finance is a set of activities - the medium on which we do it is just a tool. Making a token or a stock (.com bubble) doesn’t magically create value - it’s just information. In the future. . .
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Tayyab - d/acc pfp
Tayyab - d/acc
@tayyab
If anything they are incredible learning experiences on how to build credibly neutral, permissionless, composable systems. I’ll take it for just that.
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𒂭_𒂭 pfp
𒂭_𒂭
@m-j-r.eth
100%, just not in its raw form. unfortunately, the challenge has been cooperating in a normally pvp game. imho we need scalability more than anything because the automated pvp behavior can be abstracted away to a different layer and more regen instruments can encapsulate that.
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Fran pfp
Fran
@0x99fran
I dont agree with this framing at all. First of all, many businesses operate on speculation. Casinos are often profitable businesses. The returns from the stock market are driven by only a small subset of stocks. Most stocks do not actually deliver returns. But no one argues that these are not valuable.
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Dinesh Raju pfp
Dinesh Raju
@dinesh.eth
I agree the casino narrative is strongest right now. But that's not surprising. The oldest asset is a something “coin” and created as a reaction to a flawed tradfi system after all. The casino narrative has just had the most time to mature. You can see mainstream use cases coming into production though.
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