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1. Hallå Kitteh (clacke@social.heldscal.la)'s status on Sunday, 24-Dec-2017 14:00:09 UTC Hallå Kitteh

   • Cryptocurrency
   • Caleb James DeLisle
   • h
   @cjd @h Seriously honestly read that as "Kai Stinkbombe" when I first saw your comment. That doesn't affect the argument either way though. :-)
   
   https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 is just wrong. There is definitely a market for things like trustless pegged instruments, disintermediated conditional microtransactions and probably some uses of DAOs, or at least machines or algorithms "owning" capital. And they're not even all illegal! :-)
   
   It's just that this is so much in its infancy that most of the money is still invested in the first Proof-of-Concept.
   
   There is much more to be explored in the space of building really interesting currencies on top of a not-interesting currency substrate. And I think that space contains both "better capitalism", in several different ways and senses, and alternatives to capitalism.
   
   But for this to be real we need more sophisticated contracts than what's possible on BitCoin, and better languages, high and low level, than what's available on Ethereum.
   
   I think what BitShares has been doing for a long time is getting far less spotlight than it should, and that what it does is also the most interesting use case for any coming generic application platform.
   
   !cryptocurrency
   • Hallå Kitteh (clacke@social.heldscal.la)'s status on Sunday, 24-Dec-2017 14:19:21 UTC Hallå Kitteh

     in reply to

     • Caleb James DeLisle
     • h
     @cjd @h The strongest point in the article, which gets obscured by the headline, is that yes, people do want a human factor and fuzzy contracts, and generally, algorithmic code as law is scary, and should be scary, to people. It's not useful for all cases.
     
     But "no use cases" is just not right.