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by code_devil 1521 days ago
Blockchain technology helps you create applications without the need to have a trusted 3rd party.

What it solves?:

- Sending money from Alice to Bob without the need of a trusted party like Venmo/Paypal/Bank.

- Vehicle registration / House title deeds are maintained by the local government. A decentralized application can potentially mint an NFT (ERC-721) and maintain such a DB. (Although, the physical society would need to come with laws to tie up physical good's with NFT's)

- In today's Gaming Economy all the digital goods bought/earned are controlled by the company (Zynga/Roblox). A blockchain powered game will allow the owners to have actual control of the digital goods ( money - tokens, wearables - NFT's) bought/purchased that they can sell/exchange in the open market. Imagine buying a souvenir from Disney Land and then not being able to sell/exchange it.

1 comments

In my opinion, none of those things are real problems that need solving. They’re fabricated to fit a technology.
I don't subscribe to Netflix because I'm not entertained by such things. That doesn't mean others don't have a need for low-cost narrative diversion.

The fact that you don't acutely feel the need for a trustless digital money is very telling of your position in the world. I would recommend you read the book "Check Your Financial Privilege", by Alex Gladstein. You will find that, as an absolute fact, the use case is in extremely dire need of solving, and Bitcoin is the solution.