| Thanks for the reply. At a basic level there isn’t anything you can “do” in crypto (outside of gambling / tax evasion / other crime ) that you can’t do in the banking system. If you are looking for the “wow it can do that!”, it doesn’t really exist. Crypto offers a way for more companies to provide the services banks and exchanges provide. I wouldn’t say anyone could do it due to the technical knowledge required. Crop futures - this was an example. More useful stuff will come along. My Linux analogy is that anyone who I spoke to in the 90s “I might install Linux” would laugh. Why not just use Windows. What can Linux do that Windows can’t? It’s for geeks etc. It then found a use case in powering most of the web by being the OS of choice for web servers. I think this is a good analogy because Linux still requires you to be technical and Ethereum will require this, but companies will build services to make it easier for ordinary people to get use of the system. Business is all about trust so a completely trustless and still useful outcome is probably not possible. I probably am not explaining this well enough and that’s my fault. It might be a tacit thing where if you use cryptos a little bit (in a playful way, small amounts of money) and keep an open mind you start to understand. Once you’ve done an exchange of one token to another with no central party, no company involved in that exchange with the price figured out by a contract no one can manipulate, to me that’s when you feel the potential of the tech. That said there are so many problems with crypto it has some way to go. Number one is carbon emissions, number two is scams and number three is technical difficulty. I think these could be solved longer term. |