[tinyhouse]

Because people here try to understand the technology and its usage before riding the hype train. Most people investing in Ether for example have no idea what it even means. But when you ask them they would spit answers like "it's going to revolutionize finance..". When you ask them how, they have no answer. When you ask them for specific applications that they know of outside of the stupid NFT, they send you to Google. Yesterday someone on Youtube gave an example about a fridge that will order you eggs and milk when they run out, and everything will be done on the blockchain.

Not a crypto hater. I even invest for fun and because you cannot deny the opportunity to make money rn. But don't expect people to ride the train blindly. I do think that crypto isn't going anywhere. But the current valuation of these coins is just absurd rn.

[intotheabyss]

There are plenty of useful applications on Ethereum. Maker, Compound, Aave, dYdX, Synthetix, UMA, Uniswap to name very few.

[notJim]

IMO these things are basically driven by speculation as well. From what I can tell, they mainly provide liquidity for financial institutions. Financial institutions are interested in crypto so that they can make money trading it. IMO there is very little actual utility here.

[arberx]

Very actual real utility here?

What's utility to you? Is buying a in-game COD skin utility? Or how about roblox bucks? How about the trillion dollar derivatives market?

All those things easily disrupted by DeFi.

[notJim]

I think it's a fair question, but these are not great examples, IMO.

COD skins and Roblox bucks can only be produced and sold by one company, so I don't see why you would need a decentralized protocol for them. CS:GO doesn't use DeFi, and apparently the market was active enough to be used almost entirely for money laundering.

For other financial markets, I can definitely see more of a case to be made, but it remains to be seen whether that will actually take off. From what I've seen, the crypto markets right now are primarily dealing in crypto, as I said.

[arberx]

The difference with COD skins being in-game vs on a blockchain is not only can you associate a universal identity to them (your wallet address), but anyone can see and trade for them anywhere. Maybe not the best example, but if you generalize to artwork/digital content it really makes sense.

[aero-]

Why would you need to trade your COD skin through a decentralized distributed network if that skin is only usable through a specific centralized game?

The use cases for CRYPTO and NFT are extremely small.

Its a solution that's been looking for a problem for over 10 years.

[thegreatpeter]

why would COD allow that to happen

[tnzm]

Did you accidentally a word?

>Is buying a in-game COD skin utility? Or how about roblox bucks? How about the trillion dollar derivatives market?

No.

[tnzm]

I suspect financial institutions are interested in crypto because they don't want a new financial system with a more democratic organizational model to make them obsolete.

Maybe there are some forward thinking people there who want crypto to be the driving factor behind refactoring from COBOL, who knows.

[tinyhouse]

Thanks. I will take a look.