Blockchain’s Hype Is Dying According to Corporate America’s Earnings Calls

Re:Blockchain’s Hype Is Dying According to Corporate America... by gibsons77 on Wednesday November 14, 2018 @02:19PM (#18452946)

Yeah, but it's a stablecoin pegged to the USD. This allows other projects, like dydx to create derivatives products based on this peg. You have other protocols that use the DAI peg to create stock market derivatives. Today, I can trade ETH for a token pegged to AAPL's stock on the blockchain.

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Re:Blockchain’s Hype Is Dying According to Corporate America... by brokensegue on Wednesday November 14, 2018 @03:03PM (#18453323)

I can do that for free on Robin Hood with dollars that I already have. Explain why I should care.

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Re:Blockchain’s Hype Is Dying According to Corporate America... by gibsons77 on Wednesday November 14, 2018 @03:16PM (#18453437)

I remember showing a friend this really crappy online video stream in the late 90s, and I think he said something like "How can this ever be useful? I can rent a DVD and watch high quality video without any interruptions." He wasn't wrong.

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Re:Blockchain’s Hype Is Dying According to Corporate America... by heavenlyblue on Wednesday November 14, 2018 @04:02PM (#18453914)

So it is a coin that is backed by the law system of the country you may not be residing in?

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Re:Blockchain’s Hype Is Dying According to Corporate America... by rhlsthrm on Wednesday November 14, 2018 @08:48PM (#18456208)

Yes, but right now it's much more stable to be holding that than one of the pure crypto assets. Anyone can make a stablecoin backed by another country's currency.

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