added by sari · updated 2y ago
We already know blockchain's killer apps
- -Dark web and black market payments: a payments layer for those who require anonymity and censorship-resistance.
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- The second form of tokenization, asset tokenization, is the process of taking a traditionally illiquid asset and transforming it into fungible shares on a blockchain. Those shares can be traded on a trustless marketplace to enable their liquidity.
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- -Tokenization: Protocol tokens, such as Filecoin, serve as an intra-protocol incentive scheme. By calibrating the incentives and how they align with the token, you can create a protocol just like BitTorrent where instead of merely hoping users do the right thing, you pay them to do the right thing. And instead of hoping users aren’t assholes, you c... See more
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- Economists have long day-dreamed about problems that could be solved by market mechanisms. The laboratory has been opened, and by simply issuing a coin and a few rules, you are free to run your own cryptoeconomic experiment.
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- As a consumer technology, cryptocurrencies are a hot mess. They’re extremely difficult to purchase, the networks are slow, the transaction fees are high, the community is full of trolls, hackers, and scammers, it’s far too easy to lose your funds or have them stolen, and even if you win the battle to secure your funds or use a custodial service lik... See more
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- -Payments (macro and micro): So long as cryptocurrencies require their users to have impeccable key management, blockchains can’t solve the peer-to-peer payments problem. Parallel to this, many economies are making big leaps forward in the ease of traditional payments. Look at Venmo in the U.S., M-Pesa in Africa, or AliPay and WeChat Pay in China. ... See more
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- Vitalik Buterin, argues that crypto won’t have a killer app at all. I disagree.
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- A blockchain solves these problems. If you issue your assets as a token on a blockchain to begin with, then you inherit an enormous shared infrastructure for managing and maintaining markets.
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago
- I argue there are four killer apps for blockchains:
from We already know blockchain's killer apps by Haseeb Qureshi
sari added 3y ago