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/biz/ - Business & Finance

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10202307 No.10202307 [Reply] [Original]

>Nick Szabo predicted the Ethereum blockchain in 1997
>it allows for reputation systems (e.g. ChainLink nodes) and self-enforcing secured credit
>smart contracts can save billions in frictional fees typical with business and financial agreements per year
>smart contracts are immutable
>LINK solves the oracle problem

>> No.10202347

So we’re all gonna make it?

>> No.10202366
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10202366

NOOB SAIBOT!?

HOLLLLLY FUCK ARE YOU SEEING THIS!?

>> No.10202368
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10202368

>>10202347
First we need the following things:
>a programmable blockchain that can actually handle DAPPs (maybe Ethereum after sharding, galaxies)
>to overcome the hurdles involved in adoption
>the ChainLink project to be completed

>> No.10202434
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10202434

>In the future cryptocurrency won't be viewed as a security or asset but as a means of payment for utilizing a decentralized system by incentivizing its maintainers.
>Any cryptocurrencies that serve as nothing but a ledger only derive value from speculation.
>Cryptocurrency's that have their blockchains serve as Swiss army-knife protocols will all be rendered redundant by smart contracts whose executions will be paid in LINK and something like ETH or EOS.
>Most people who actually use these smart contracts won't even know what they're interacting with or ever directly touch the cryptocurrency involved.

>> No.10202456
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10202456

We're automating the 1%.

>> No.10202480
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10202480

OH MY GOD IM FUCKINH FREAKING OUT SO BAD

>> No.10202591

>>10202307
Posting in high IQ thread

>> No.10202660

>>10202307
Keep going I'm almost in.

>> No.10202741
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10202741

>>10202591
>>10202660
DAPPs will one day be used to prevent election fraud, for logistics and supply chains, powering entire exchanges.
Pretty much any institution that relies on an economic mechanism that can be replaced algorithms can be implemented using LINK and a programmable blockchain.

>> No.10202778
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10202778

DAPPs also provide the potential for self-regulating capitalism to actually succeed by minimizing room for corruption and error by replacing humans with smart contracts.

>> No.10202812

>>10202741
>muh dapps
>muh utility tokens
kys newfag. only monero and bitcoin matter. everything else is pure trash and some junk like hyperledger will make you faggots obsolete

>> No.10202818

>>10202778
and this is exactly why it has zero chance for adoption. corruption is human nature.

>> No.10202882

>>10202818
If implimented correctly it will save more money than can be gained by being corrupt.
>>10202812
Centralized blockchains are self-defeating in purpose.