philippz

Multi-Chain Trading API across 60+ Blockchains (swapping and bridging / any-to-any)

Stable-Coins are the first crypto product with global product-market-fit and real economic impact. That's just to start with.

Please take a look at Ethereum and adjacent tech (L2s, L3s).

...yeah, surprise

Not all of them, of course. It's not a wonder child that aims to solve all of humanity's problems. It'll bring humanity closer, though and make it more efficient in many ways. People always try to look so narrow at it.

There are plenty of use cases and attributes (permissionlessness, immutability, zero-trust sources, etc.), and of course, not always all of these count all the time or are even desired. But it allows us to have and apply those as needed in an interoperable way.

We're not running in circles.

> Businesses aren't built around this technology because it's not advantageous to use it in a legally compliant environment.

This is just one of the reasons. The technology is also not scalable and abstracted enough yet. No one is pretending anything here.

It's very early, as I stated in another answer on the same comment here: https://news.ycombinator.com/threads?id=philippz#34479955

Standardization also plays a huge role, and yes, in many ways, it's a technological chicken-and-egg problem whereby systems have to work with each other and the chain in a way that makes intermediaries as obsolete as possible.

The transfer speed of money or the general transaction speed - well, that's something that is being solved as we speak. These systems (e.g. Ethereum) have to mature, and many ways are being explored, using known principles like separation of concerns, e.g., separating settlement, execution, and data layers - but in a decentralized manner.

The public and many entrepreneurs need to understand how early this tech is and rush use cases that don't add value as of now. You must go deep and understand that this has to grow from the bottom up.

* If I resell my phone, transfering the remaining guarantee and/or insurance should be nothing else then a transaction. On the blockchain that's 10x more efficient than the status quo.

* If an artist sells his art the first time for $10, and the person resells it for 10000$, then the artist should be compensated too. Royalty mechanisms can solve for that and avoid secondary markets or at least create a more beneficial secondary.

There are an endless amount of examples which will make a lot of things more efficient, transparent and enforce standardization on a global level. Long way to go, but absolutely worth it.

1. The internet you know today allowed people to connect and share information globally.

2. Over the years, we've found value in digital things and may, thus, call them assets: e.g., data, media, and information/knowledge.

3. We have no way to deal with digital assets, which has implications and inefficiencies. DRM was a symptom & soft way to deal with this problem.

4. While the internet connects globally, it is not made to reflect ownership on a global level. Real ownership either doesn't exist or is not transparent. And while privacy is important, ownership should at least be cryptographically provable.

5. Blockchains do not aim to replace the internet or your database; they are a layer on top of the internet, giving us a new foundation to rethink and rebuild how we deal with digital value creation.

In some way, it will bring humanity closer on a global level.

On top of that, there are many philosophic, societal, and idealistic ideas. A lot of them require or trigger a systemic change—many of them we might never see happening, at least not in our lifetime.

If you want to learn more, you need to dig in.