FaceDeer

joined 1 year ago
[–] FaceDeer@kbin.social 2 points 9 months ago

At which point your local grocery store or gas station wouldn't be accepting whatever currency is your current local currency. The point would remain the same - a currency doesn't have to be universally accepted everywhere on the entire planet for it to still be a useful currency.

[–] FaceDeer@kbin.social 13 points 9 months ago (4 children)

I'm sure there will be (or already are) Trump and Biden Loras.

[–] FaceDeer@kbin.social 0 points 9 months ago (5 children)

Bitcoin, no, because it's a hopelessly out of date blockchain that actively resists having new capabilities added to it. Ethereum, on the other hand, is designed that way from the ground up. Many of the other smaller but more modern blockchains are also like that.

[–] FaceDeer@kbin.social 0 points 9 months ago

Ah, so now the absence of shilling is the problem? What a wonderful catch-22 you've got there.

How about Filecoin, a decentralized cloud storage system to go with Golem's cloud computing? I can keep on listing non-currency uses for blockchains for quite a while, you know.

[–] FaceDeer@kbin.social 5 points 9 months ago* (last edited 9 months ago) (1 children)

It was on this thread on internetofshit@suppo.fi. I'm guessing it's a community dedicated to pooping on the Internet of Things, so when something like this comes along they really really want it to be true. I wasn't paying attention to the communities when I was posting, though, just clicking through all the repost references and giving a cursory glance to see if someone had already pointed out the fakeitude.

[–] FaceDeer@kbin.social 5 points 9 months ago
[–] FaceDeer@kbin.social 3 points 9 months ago (2 children)

Does your grocery store or gas station accept Qatari riyals?

[–] FaceDeer@kbin.social 3 points 9 months ago (1 children)

Different transactions use different amounts of space so it's always going to be a rough estimate.

[–] FaceDeer@kbin.social -1 points 9 months ago* (last edited 9 months ago) (3 children)

Yup, more insults, and rejection of another example. You even explicitly state you don't know what the example is, you're just convinced it's useless because it involves cryptocurrency. Nicely circular reasoning.

How about Golem? It's a decentralized cloud computing marketplace. And I should note preemptively, just because you don't use it doesn't mean nobody does.

[–] FaceDeer@kbin.social -2 points 9 months ago* (last edited 9 months ago) (5 children)

Wow, big surprise. Insult me, demand I provide a use, then immediately claim that use isn't valid and throw more insults. It's almost like it's not worth engaging with you.

How about Gnosis? It's a prediction market.

[–] FaceDeer@kbin.social -2 points 9 months ago (7 children)

Heh. I bet if I had been suggesting particular uses you'd be calling me a shill for those particular uses. "Shill" is such a lazy accusation to throw about, you can sling it at anyone who's interested in anything.

How about ENS? It's a decentralized version of the Domain Name System.

[–] FaceDeer@kbin.social 0 points 9 months ago* (last edited 9 months ago) (7 children)

Alright, so let's call them cryptotokens instead. I've always preferred that myself, it's a much more general description of what they do. It doesn't change what they are but if that term makes you happier we can go with that.

It renders it useless outside of as a bit of gambling on the side.

Hardly, there are lots of things you can do with these things. A ledger is more than just for tracking money, it's a database. You really can't think of useful things that could be done with a completely decentralized and permissionless database?

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