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by kalado 1838 days ago
People always talk about the simple monetary aspect and I don't see much benefit in just bitcoin without a well working lightning network either.

I'm still semi young and not a senior developer yet, so can someone explain to me how the following blockchain projects "have no clothes" as in "would be much easier without blockchain"

- Helium Is building wifi coverage, incentivized by rewards based on coverage provided (that the users don't have to pay)

- Several projects providing decentralized cloud storage.

- SingularityNET is an AI marketplace that allows easy access to different ML apps with the goal of making those work with each other.

I also find the ethereum infrastructure really cool (except the huge fee problem right now which is getting fixed with proof of staking/2.0 soon).

You have a whole "new" internet that you can access via ether nodes and you can just consume other smart contracts on the network with no hassle. No need to create an account for a service or purchase some monthly traffic etc. You just interact with other apps because payment is decentralized and everything is public.

I've made a small demo project for myself in .NET to see how it works and it really isn't too difficult.

It seems to me that people who say that all "cryptocurrency" is a scam barely investigated more than bitcoin.