Re:Cryptocurrency is driving innovation in the financial sector
by annabellish on Thursday July 05, 2018 @06:05AM
(#17462039)
This is literally my point.
>most interesting
not most successful
>the first implementations of smart contracts
the latest in the long line of "no, _this_ is what cryptocurrency was always for! All the previous examples were wrong!"
>Imagine holding a real decentralized crypto-currency that is pegged to the USD. That will open many doors for commerce, and decrease transaction costs. The ability to swap this token back and forth using atomic swaps will allow people to remain in crypto longer, without exposure to crypto price swings.
Imagination is not a successful project. This is literally talking about things which _don't even exist yet_.
>Once this happens
And here we reach the crux of the issue.
_If_ this happens, not once. Just like all the previous things that would have "changed the world", if only a long series of long-unsolved problems in cryptography and distributed computing were solved.
>most interesting
not most successful
>the first implementations of smart contracts
the latest in the long line of "no, _this_ is what cryptocurrency was always for! All the previous examples were wrong!"
>Imagine holding a real decentralized crypto-currency that is pegged to the USD. That will open many doors for commerce, and decrease transaction costs. The ability to swap this token back and forth using atomic swaps will allow people to remain in crypto longer, without exposure to crypto price swings.
Imagination is not a successful project. This is literally talking about things which _don't even exist yet_.
>Once this happens
And here we reach the crux of the issue.
_If_ this happens, not once. Just like all the previous things that would have "changed the world", if only a long series of long-unsolved problems in cryptography and distributed computing were solved.