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by semicolonandson 2070 days ago
I know this question is probably intended as a technical one, but from a pragmatic/empirical perspective, the number one use-case of the blockchain is to raise money in a way that side-steps traditional causes of friction (e.g. financial regulations).

(I make no judgement on whether these sources of friction are worthwhile or not.)

1 comments

That's an use-case for cryptocurrency, not blockchain. The title asked use-cases that are not currency.
you misunderstood - it's not limited to cryptocurrency or even DLT - in making the whole scheme elaborate you bypass the traditional AML/KYC regulations - anyone can buy your 'token' without setting up a legal account or using a legal source of funding such as a credit card.
If you're buying and selling "tokens" that don't do anything other than provide proof that you've added or subtracted an appropriate amount of value into the system, you've just created a currency. That's basically the definition