Anyone else here still think crypto is a giant scam?

I still think I've had better luck with casino blackjack than cryptocurrency

whoa i'm convinced

i'm waiting for someone to tell me how blockchain will do anything besides internet money. then i'll shoiw you why you're wrong. there is a reason it hasn't been used for anything besides money in the last 10 years

this

you really can't decouple cryptocurrency from blockchain

anyone who did would have an invention more innovative than satoshi's

Revelation 13:17 crypto will bring the end of the world

as opposed to revolutionizing society ironically?

Land claims. Medical records. Do some basic research my faggot.

You're the equivalent of someone putting your fingers in your ears and going "I CAN'T HEAR YOU"

Most of it, yes. You think people give single shit about muh decentralization? When they send crypto to wrong address or get .exe file that takes their private key, you think they will just be "oh well!". No they will ask gov for help...

Banks are still top dog and will remain that way. Only reason crypto exist now is to make money. No one gives a shit about tech.

>Land claims
good luck getting every municipality onboard with your blockchain idea. many towns are still using DOS based programs. completely unfeasible for real world use.

>Medical records
so everyone (or every provider) is going to have a datawarehouse to store every medical claim on it? not going to happen. oh, just the big companies will? then you're back to centralization which doesn't need blockchain.

0/10 please try again

>that brapper

>good luck getting every municipality onboard with your blockchain idea.
lol sweden is already doing it as of last year

you sound like an idiot and I'm not sure why you're worth convincing of anything.

>lol sweden is already doing it as of last year
they're experimenting with it, not using it.

>you sound like an idiot
that's all you got? sorry that i'm winning and you're getting mad lmao

I've seen plenty of hype and speculation, but absolutely zero specific examples of a practical use. Can you give an example of how you would like to see block chain used to do something that would improve your life?

It has massive potential for things like the power-grid, private parties with solar panels for instance, they get recompensed if they put more on the energy net, with blockchain that whole distribution and compensation network can be automated without any human being necessary.

Similar applications are possible for managing logistics, Uber or taxi apps, automating bureaucracy etc
You can make a lot of self-regulating systems with this kind of verification and that means more freedom.

Convince me of why you're worth convincing because I'm skeptical. Time is valuable faggot.

like you're going to convince me with your rando "land blockchain" or "medical records" examples with zero details. you're the retard here, not me. keep buying your dental coins

Your opinions hold very little weight in the grand scheme of things, so yeah, not worth the time.

Bye faggot.

i'm sure you've convinced everyone that's reading this thread. shoo shoo child

supply chain logistics
any real-world smart contract scenario
IoT dapps

protip: you're bad at this

>supply chain logistics
supply chain logistics require external information to be fed into the system (i.e., oracles). therefore it can be tampered by some party and the decentralization and trust components of blockchain are pointless, so it doesn't need blockchain.

>any real-world smart contract scenario
>IoT dapps
provide an example

>Buy movie ticket online
>Each actor, producer, writer is hardcoded into the smart contract, each receiving 3% or whatever their share
>Movie theater receives 10%
>Production studio receives 50%
>All funds held in Escrow until movie is 30 minutes in. If you walk out before that and scan your smartphone at the front desk, all funds refunded.

Consumer-facing smart contracts like REQ are basically a godsend for the movie/music industries where royalty payments are notoriously manipulated.

Or, an even bigger examples would be government budgets and taxes:
>Pay $20 in sales tax
>50% automatically sent to education fund, 20% to road repair, 10% to pensions, etc.
>Funds are visible online with every transaction clearly noted
>Corruption, while never impossible, becomes MUCH harder

>there is a reason it hasn't been used for anything besides money in the last 10 years

Agreed. I want to be optimistic about blockchain tech but what DAPP has the Ethereum platform produced that has real world application? Cryptokitties?

>supply chain logistics
Sorry, blockchain is way too fucking slow for supply chain logistics at this oint

>any real-world smart contract scenario
Which are very few considering the immutability of a smart contract (mistakes, bugs, hacks)
>IoT dapps
Like what? smart power grids? hahahahaha dude try again

i'm with you

oh so all you need is every single production studio, every single actor, every single distributor of films, pretty much every link in the chain to sign up for that platform and cooperate. will never happen

>be elderly boomer
>decide i want to leave the movie at 25 min mark
>very old and use a cane to walk
>slowly get towards the smartphone scanner
>scan it
>BEEP, YOU WAITED TO LONG
>sue for discrimination

Anything that you need a ledger for, but would rather not have a central authority keeping track of it. Right now we pay our banks tons of money each year to do one simple thing. Keep track of the ledger. This made sense before the internet. Now, not so much.

Very easy. They're already unionized. Also...
>Enter your 16-digit address into the field
It's a heck of a lot easier than setting up bank feeds, and hiring A/R departments to collect on invoices

And the internet was used for bulletin boards and cat pictures for the first years. What is your point? Just going to wait until it's completely main stream before you accept it?

so crypto currency - i agree with you there. that's where blockchain works.

I like your optimism but these examples are naive optimism, at best. Why? Because in that huge sequence of events, blockchain isn't tackling those problems at the individual event level.

This is akin to being in the late 90s and saying you're going to stream video on a 56k modem. No, just no. You're fucking not.

In the future, will blockchain tackle these issues? Maybe, but it won't be the blockchain we're talking about today.

>Oh I'm sorry sir, you just missed the 30-minute mark. Here, take this voucher for a free daytime matinee next time your nursing home bus comes through

>datawarehouse
You clearly have no idea what you are talking about.

i accept it, i own bitcoin

>Very easy
lmfao

you don't know what a data warehouse is?

>they're experimenting with it, not using it.
Jesus Christ, what do you want? Everyone to flip a switch and change over to DLT? It's a gradual process, just like the internet.

no but can you post more pics of that bitch blease

> Blockchain too slow for supply chain.

Walmart took 2 seconds to verify the origin of mangoes w/ blockchain as opposed to 7 days under current supply chain logistics.

there is a difference between experimentation and a production release my dude

We dont know what will be use for crypto in 10 years but I doubt its going back since there are literal ws institutions and individuals entering now be it for monetary succes or enthusiasim

99% of coins are bs tho u can make shitload of money on them for sure and it will be stupid not to take this opportunity

Buy matrix now

If you can not see the benefit of Smart Contracts then you are a lost cause.

nice argument, we're all convinced now

>Sorry, blockchain is way too fucking slow for supply chain logistics at this oint
too slow? what the fuck does that even mean? it's literally in effect as I write this

Wabi is a dapp

Yes but it's the greatest scam of all time because it allows anyone with half a brain to make money from it. I started making money with it in 2011 and made my first massive amount in 2013. It requires new dumb money to pay old investors. The underlying technology will eventually move on and be used. Hopefully this can continue for a while but because of many factors I don't ever think we will see the type of run like we did during 2017

There will be more runs

2017 run was basically legitimization of crypto and many ppl that didnt want to get involved earlier did last year

I guarantee you there will be at least two bigger runs

Are you really this stupid, or are you pretending?

Those potential uses can't make Veeky Forums money so they don't care.

You know, I used to think I was smart until some random faggot stopped by a thread and said "ur dumb" with nothing behind it. Please attempt to prove me wrong so I can embarrass you.

I can't see corporations buying into smart contracts. What fucking world do you picture where a "smart" contract looks more attractive to them? One where the decreased cost of transactions balances out the ability to pick and choose which data they want to make transparent? Seriously?

If I'm a lost cause for skepticism, then you're one for naivete.

>muh decentralization
sure, let's not talk inefficiencies in global shipping or increasing counterfeit practises or anything.

>IoT
ibm.com/internet-of-things/spotlight/blockchain for one thing, among countless others

>Smart contracts
literally ANY scenario that involves two or more parties and an exchange of services/value under certain agreed terms.

I think there will be more bull runs but it heavily relies on exchanges. Right now finding a good exchange is a nightmare, a lot of them aren't user friendly.

People think normies are all over crypto but it's really mostly just tech savvy people. Crypto needs to grab the facebook and amazon crowd, once it reaches that point then we can say the bull runs are over but even then you'll probably have people FOMOing from coin to coin until the end of time.

>literally ANY scenario that involves two or more parties and an exchange of services/value under certain agreed terms
in order for a smart contact to work, the funds must be allocated to the contract in advance of it being executed, otherwise it cannot guarantee payment. do you understand that NO ONE will ever keep their funds locked away IN CASE the contract is triggered. too big of an opportunity cost.

This literally what will the future look like, funds will be accesible to contracts with one click probably

Not hatin since u are raising valid points tho hating in principles if smart cintracts is retarded

Fuck escrow right? No one uses that shit.

>pick and choose which data they want to make transparent
What are you trying to say? That Smart Contracts can't be 100% private between the parties?

i gotta go but you guys should read this

multichain.com/blog/2016/04/beware-impossible-smart-contract/

>This is akin to being in the late 90s and saying you're going to stream video on a 56k modem. No, just no. You're fucking not.
I agree. It still has a ways to go. The question is whether these same companies and networks will evolve and become the ones we use in the future, or if there'll be brand new ones.

With video streaming, of course, any speculative investment would've been a mistake. The big hyped streaming services like Pseudo.com were a trainwreck... and YouTube didn't come around until 2004.

But then consider how industries like ecommerce, search engines, online payments, financial software, production software and memory hardware are still dominated by their earliest ventures (Amazon, Google, PayPal, Intuit, Adobe, Sandisk). In all these cases, the initial speculative investment turned out to be the right one, even if it was in a bubble at some point.

All of your points are retarded. Not worth responding to. The people here answering you are real idiots.

The companies you mention are maybe 1% of all the trainwreck that was tech overvaluation. Also, those were the early day of tech. Todays tech giant can outcompete todays cryptos without any problem. Stop deluding yourself that you have bought early into Apple.

and why would it trigger if it has been carefully created? you can create an updateable smart contract and use a versioning system with an entryway contract that just forwards all calls to the most recent version of the contract

You can easily spot the children with no critical thinking skills () by their single posts of "ur dumb" while offering no substance. I almost feel bad for them that they'll lead miserable poor existences while I've already made it because of my superior intellect. Peace out

I know our money is not safe in the hands of jews. I know that pretty damn well but banks are safer than crypto. There are exit scams every fucking day.

If the data is distributed, then everyone has access to it.

If it isn't, they're inputting data into what would otherwise be a database that can easily verify it's own integrity.

So can we completely trust it, or can we practically use it? There is an inverse relationship here at the moment. Be excited all you like, but until we see a system that actually implements any of these ideas in a way that is both secure and useful you're just riding the hype train.