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by _7fvc 2359 days ago
I have a different view of the 2020s. We don't need more tokens or programmable technology. Money is the dominant use case for crypto. We still haven't figured out how to make crypto money that people can use beyond speculation. Notable projects will be around money use cases. Currently, we see Bitcoin, Tether, and stablecoins. In the 2020s, there will be more coins that people can use as money. We'll spend the next decade searching for them.

Tech-focused projects, like Ethereum 2, Algorand, won't be successful. Decentralized coins, Libra, corporate coins, government coins will be.

For decentralized coins, I think the market needs to find a way to incorporate inflationary economics into the system. Bitcoin needs an inflating parallel blockchain. It's all about money. I put my focus there.

I wrote a post on the topic: Emerging Markets of Cryptocurrencies

https://bitflate.org/post/2019/11/10/emerging-markets-of-cry...

1 comments

Check out open bazaar. It is a decentralized p2p market place similar to ebay. Even has a decentralized escrow system with moderators that get paid to resolve disputes. Best part of it is that there are no fees at all to buy/sell stuff other than the cryptocurrency transfer fees. You also pay a fee if there is an issue with the product you bought/sold etc.

Not much people using it though. Seems like best selling items are gift cards.

> Seems like best selling items are gift cards.

So either this is a way for crypto to be "used" for purchases at popular stores, or it's being used for money laundering. (those gift cards are easily sold on eBay and other marketplaces for fiat; this is how you'd take payment in mostly untraceable crypto and cash out without having to subject yourself to exchange KYC/AML)

Almost certainly money laundering.