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by Igelau
1670 days ago
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I thought the article did a fairly good job pointing out: - The only applications anyone is implementing on progcoins are exchanges and/or gambling. So far, dApps are a circular argument. - Smart contracts aren't so smart. They are ticking time bombs waiting to get exploited DAO-style. That doesn't leave a whole lot of room for utility. |
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There's an argument that that's okay for now - the finance applications are effectively capitalizing infrastructure construction, which will make future applications easier to build, more scalable, etc. The amount of $ in these applications incentivizes bad actors to help expose the failure modes of the infrastructure - which again would be nice to know and document before it becomes widely useful.
^ that's a prediction - I'll be the first to admit that this crypto stuff may go nowhere. But it might go to some interesting places.