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A comment on Ethereum set to become first blockchain to settle $1T in one year. Parent comment

Re:Ethereum set to become first blockchain to settle $1T in ... by intotheabyss on Friday October 23, 2020 @12:56PM (#24871475)
Santander bank has settled at least 20 million in bonds directly on Ethereum (shorturl.at/lnFNV)

The applications you're talking about require infrastructure first. That's like criticizing devs in the 90s that an app like Netflix doesn't exist yet. Hmm I wonder why Netflix wasn't viable in the 1990s.

As for a simple "primitive" use case, I have a lot of my cash savings in DAI and I get 4% interest on it. There are a multitude of other use cases, if you care to look.

But you don't care, because it's obvious you think it's all just a scam, so there's no point even discussing any of this with you.

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Re:Ethereum set to become first blockchain to settle $1T in ... by Daishiman on Friday October 23, 2020 @01:58PM (#24872098)
It's obvious that it's mostly a scam because the number of crappy altcoins, the number of wallets that ended up failing because they were criminal fronts or scams, and the absolute failure to demonstrate even one killer application show the reality of this.

I'm wondering how much of those coins that accrue "interest" you'll actually be able to offload into cold, hard cash that can be used to purchase goods.

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