Re:What Does the Post Crash VC Market Look Like?
by enos_feedler on Thursday September 22, 2022 @03:08AM
(#32935631)
This seems logical but I always think if it was that obvious it would already happen. We don't even know if there is ONE good idea with crypto yet, but there are whole funds and firms dedicated to chasing the plethora of crypto businesses.
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Re:What Does the Post Crash VC Market Look Like?
by lawn on Thursday September 22, 2022 @03:21AM
(#32935701)
Well, the one good idea is using it as money. Although the adoption didn't really happen, and its difficult to earn money from crypto being used as money, so people are desperately searching for other things to do with it.
Re:What Does the Post Crash VC Market Look Like?
by friendzis on Thursday September 22, 2022 @05:46AM
(#32936704)
> Well, the one good idea is using it as money
The major component of crypto being distributed consensus it has absolutely no way to work with external world, therefore it can only work with blockchain-borne stuff. The only thing dreamed up yet are cryptotokens.
Since blockchains have no way to interact with external world it can only be used to exchange cryptotokens between wallets - there is no way to ensure that other side of the transaction involving anything else but cryptotokens is upheld. So it CANNOT be used as money by probably any sane definition of money.
Crypto scams are natural consequence of this inherent property.