| There are several thing you have missed 1) International transfers: crypto is the best here. No stupid regulations, fast and cheap unlike SWIFT or something like it. I've used to work as international freelance programmer since 2003 or about and payments were the pain all time before 2015 or about when I have moved to crypto. Lost transfers, compliance investigations without any real reason with blocking funds for many months, failed transfers because of some stupid errors like missed letter in the receiver name, etc. And even in the best case you should wait for day or two without any info about the transfer progress. Instant card payments are illusion only, it works only in some cases until it fails (for example, my country currency exchange rate is very volatile sometimes, and some people used to buy with card payments smth nominated in US dollars during this periods, hosting for example, and they thought they have saved their money with this buys, but they were really surprised when their accounts were decreased in several days after that, because real transfer takes several days, and it is executed with the exchange rate actual at that time). There is nothing comparable with crypto in international transfers. 2) Distributed storage. I can't believe you don't know about IPFS. When I've tried to download the book I've failed to buy last time I've found that pirate sites use IPFS links more often than torrents now.) 3) Smart contracts allows amazing things sometimes. Do you know about the flashloans for example? You can loan a millions without any credentials, use it for exchange arbitrage for example and if you fail to get your profit and can't return loan plus interest it suddenly becomes like you didn't loan it at all.) Looks like some kind of magic for me.) 4) NFT is misused tech. It really guarantees the ownership, but not for associated media.) Best cases for NFT are tickets or license keys. But this cases can't give you millions in a minute that's why nobody knows about them. |
2) I have heard about IPFS and other file storage projects like Filecoin or Siacoin. All of them are noncompetitive with any centralized service. And as for illegal filesharing - sure, it may be useful, bittorents are better though and have no shitty monetization attached to them.
3) Yes, I have heard about flashloans, a lot. It's an amazing source of lulz and comedy godl, finding out how another bridge had been abused, often by the flash loan. It's a completely bullshit and useless idea for a normal human, unless you are a technically inclined hacker, who looks for vulnerabilities in the shitty code running on a virtual machine actively discouraging writing longer code with test coverage and better programming practices, because the longer the code the pricier it is to run. To such hackers flash loans are invaluable to properly abuse broken contracts.
4) NFT doesn't guarantee ownership of nothing but the token itself (and token is useless, because of the tech limitations). Tickets have no benefits on the blockchain because they are always issued by the centralized source. Any property you wish can and MUST be set by that same centralized corporation. NFTs add zero, nothing to it. Same with license keys, again issued by a central authority. NFTs is a cargo cult by tokenbros who don't know how business works.