Re:Do kwon sent $80M a month to secret wallets?
by r00fus on Thursday June 09, 2022 @05:54PM
(#31687421)
Feel free to provide actual examples instead of theorizing they exist. Proof of working, so to speak.
Re:Do kwon sent $80M a month to secret wallets?
by satyrnein on Thursday June 09, 2022 @05:48PM
(#31687362)
Can you tell us about some of these projects that aren't getting noticed?
Re:Do kwon sent $80M a month to secret wallets?
by yieldcrv on Thursday June 09, 2022 @06:39PM
(#31687870)
One of Sila Money's applications was that they were able to convince banks to do faster domestic ACH transactions by putting the transfer messages on a public blockchain, instead of bothering with some kind of shared database or permissioned consortium blockchain. (You can add arbitrary data to most cryptocurrency transactions).
Another one that comes to mind is pNetwork. That is a big bridge, was the subject of a large and amateurish hack. There are now many bridge technologies. I had found it interesting that it was so popular but had no token, seemed like it was popular in Asia which contributed to me missing it before the headlines. Nowadays most bridges don't have a token associated with them though.
Sometimes what I do to find projects that don't surface from seeing a big token price movement or don't surface from hearing people talk about it, is to search for certain code signatures for a constructor or a popular function that programmers might re-implement.
One of the interesting things about crypto to me, is that the projects that don't involve pollution, speculation, theft and crime don't get noticed because of the lack of controversy or speculation.
People are like "but what if there wasn't artificial scarcity", well those projects exist, they just fail to coordinate humans to care. What you see is survivorship bias. There are many onchain-only versions of other onchain projects without any token at all! Annnnd thats exactly why nobody knows about them. (some are pretty active though, they just don't bubble up and out to a broader community)
Theft and crime? I mean if that's the headlines you see, (or even if its your actual experience), thats still not nearly everything.
Pollution? Proof of work still taking up all the headlines when only like 2 out of like a thousand blockchains are heavy on that, with one of those 2 trying as hard as it can to go off of that.
(I'm not opining about the "revolutionize" part, that one is so subjective that its not worth bothering.)