Re:Ask HN: Ex-blockchain engineers, why did you get out?
by itamarst on Wednesday May 31, 2017 @01:55PM
(#14454529)
As far as I can tell the only current real-world use case for blockchain technology is flight capital from China (https://ftalphaville.ft.com/2017/01/19/2182669/chinese-capit... - see graph at the end).
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Re:Ask HN: Ex-blockchain engineers, why did you get out?
by ruyi on Thursday June 01, 2017 @10:33AM
(#14460562)
If flight capital from China really were the only/major use case, most of these people would probably convert at least 50 percent of their bitcoins into a different currency once they moved the capital overseas. However, nearly 99 percent of the transactions are paid by CNY. These look more like domestic transactions to me.
Re:Ask HN: Ex-blockchain engineers, why did you get out?
by big_spammer on Wednesday May 31, 2017 @08:30PM
(#14457007)
Overstock accepted Bitcoin since 2014 https://www.overstock.com/bitcoin and now trades its own stock on it https://www.wired.com/2016/12/overstock-com-issues-stock-via...
Re:Ask HN: Ex-blockchain engineers, why did you get out?
by eadz on Wednesday May 31, 2017 @03:36PM
(#14455273)
... and bitcoin of course.
Re:Ask HN: Ex-blockchain engineers, why did you get out?
by saurik on Wednesday May 31, 2017 @08:16PM
(#14456942)
I don't understand your comment, because that's the entire point of the person you are responding to: that only current real world product of blockchain technology is Bitcoin, and the only real world use case of Bitcoin is flight capital from China; like... what exactly do you mean by "and"?