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Saturday, August 27, 2022

How useful is crypto actually?

Vitalik tweeted in 2017 that crypto has not 'earned' its market cap. He meant 'earned' in several ways but he points to lack of adoption, and lack of social value. I wonder what people think are the projects that have demonstrated the most potential in the areas that Vitalik mentions, and which have demonstrated solid proof of concept or real work users.

From Vitalik: https://twitter.com/VitalikButerin/status/940744724431982594

How many unbanked people have we banked?

How much censorship-resistant commerce for the common people have we enabled?

How many dapps have we created that have substantial usage?

How much value is stored in smart contracts that actually do anything interesting?

How many Venezuelans have actually been protected by us from hyperinflation?

How much actual usage of micropayment channels is there actually in reality?

Which ecosystems are demonstrating the most potential in these areas, and what evidence is there?



Submitted August 26, 2022 at 09:42PM by powderfinger303 https://ift.tt/pxuEQDn https://ift.tt/3wqpMoT

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