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by miguelmota 1379 days ago
> I still cannot find any legitimate use cases for blockchain

Blockchains solve the double-spend problem. Allows for scarcity in the digital realm. Ethereum is a platform for decentralized finance, anyone can borderlessly lend and borrow in seconds. Endless possibilities.

4 comments

Since when do we want scarcity? One of the largest advantages of the web was that it allows for a digital post-scarcity economy.
> anyone can borderlessly lend and borrow in seconds.

You can only do _secured_ lending and borrowing, and only where the security is, itself, a highly liquid digital token.

Person A lending USDC to person B, taking ETH for security, isn't doing much for the world at large except allowing B to defer his capital gains tax.

Unsecured lending, backed only by the faith or expectations we have around future cash flows, is how the world creates opportunity for true investment and growth... and impossible in a trustless and anonymous system like crypto.

Hardly limitless possibilities

> allows for scarcity

Sounds great...

When will those endless possibilities meet reality though?
It's a reality to the people of Latin America who use stablecoins on Ethereum to hedge against their own country's inflation.