When the prices go down a lot of people get exhausted and sober up on where we are at with the technology. I was literally hearing the same thing about the "technology not being ready" back in 2014.
"It's new technology" Blah Blah Blah
People were saying that back in 2013 / 2014. It isn't that new anymore and unfortunately Bitcoin has been unable to scale properly. That won't stop the speculators. So the question is this.......
Does Blockchain Solve Any Real World Problems? Problems that can't be solved by relational databases and current payment systems. After all our payment and banking system are fairly reliable and even if us basement dwellers and tin foil hat wearing crypto nerds don't trust banks most people to trust them and accept them as their reality.
Here is my take after being in this space since 2013.
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Blockchain via steemit makes people earn money to put food on the table or get the medicine or medical treatments that they need like in my case @brianphobos
That is a big reason why when I get upset about STEEM I just realize it is changing a lot of lives around the world!
Yes, it solves a ton of problems in various different industries, but not too many people are aware of it yet, or the tech is still in developmental phase.
I've dived deep into some examples where blockchain has veyr real usecases: digital advertising will be disrupted by blockchain solutions, as will lending and supply chains
There will be an increasing number of uses for sure. I think the next 2 years are going to be crucial to the growth of blockchain and crypto currencies.
I don't know it is a real problem but now I can save files on #eos blockchain https://steemit.com/eos/@luigi-tecnologo/eosfilestore-preview-save-immutable-files-on-eos-blockchain
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
I think non USD/EUR countries have more benefit to switch to cryptocurrencies.
Currently contactless card payments are good enough for mainstream people, even if there are negative interests, inflation, single point of failure and you don't really own your money.. but it probably will change, at the beginning people didn't what to learn the emails because the FAX was just fine to send messages, but then the killer apps came and now a world without internet is impossible to imagine
Yeah I agree. I think it will happen first in other countries and then will happen in Europe and the United States. But there are already people here accepting Bitcoin for cars and stuff. I was seeing that back in 2013/2014 as well here.
https://phoenix.craigslist.org/nph/cto/d/2011-line-red-a4-super-car/6611787987.html
I think suddenly everyone will sort of be apart of it kind of like Facebook, Twitter, Instagram....etc Or at least they will know about it and hear about it all the time.
I saw one study that was saying 20% of college students here used their student loan money to buy Bitcoin. Hahhhahah
Just think if that cranks up and everyone is trying to get a piece of it. Then it will go super parabolic and just blow our minds again. It will happen where we are just blown away again.
I was going to ask you what are your goals with EOS? Do you have a particular goal or mainly just trying to learn as much as possible about the tech? Or do you have the goal of having your own project built on EOS?
Yeah the same here, people sell cars, houses and used stuff for Bitcoin https://www.subito.it/annunci-italia/vendita/usato/?qso=true&q=bitcoin but in the daily life isn't very popular. I think currently the biggest daily usage is in Lithuania.
About #EOS, I'm going to finish and publish
eosfilestoreas open source and probably integrate it in on a webpage with Scatter wallet, and you? Do you plan to build a project on EOS?That is going to give you some major street credit in the EOS community for publishing that! Also you might want to try to get on board with the Hackathons. I tried to get on board with the one in Hong Kong but there are more coming up. IT would be amazing but to be honest I would really need to step up my skills in a big way and keep learning way more than I know now.
One of my issues is I'm more of a systems guy so running other people's code and being on the command line is one thing but doing any heavy coding is another thing that I'm not that great at. I would really have to update my skills on C++ and Javascript as well to really do much of anything myself.
Assembling a team would be tough because I feel like I don't have enough capital to really commit to it and getting full time developers to crank away at it.
To be honest I think what I would want to do if I could would be to do an airdrop on EOS where it was focused on a video platform where there was the model we see with DTube and DLive but also with responsible advertisements as well where part of that revenue would pump back into paying content creators as well but instead of actually building it on EOS basically clone STEEM and then tweak the Interface of DLive and market it well and do a fair launch and better distribution.
the reason I would just work off the STEEM code is because it is like 3 years of development. Building on EOS would likely be like reinventing the wheel unless somehow a person could ride a bunch of the STEEM code on top of EOS somehow.
That way with the airdrop there wouldn't be the securities issue and then also STEEMians with 500SP and a reputation of 50 would also get an airdrop as well to get them to come over to the new system.
This chain is still plagued by the bad initial distribution.
It would still cost a lot of market and rework the system to different branding and a little different User interface.
What do you think of all that?
I think EOS is a more programmable on chain than Steem. Steemit/Dtube/Dlive are successful social experiments but I'm not sure they will be sustainable in the long run, the main use case of STEEM is to buy votes to gain visibility, Dtube/Dlive are good for the people who are censored or out from Google AdSense, but in the long run they do not guaranteed that the video uploaded on IPFS will be online forever.
A solution could be to pay in STEEM some nodes to keep the videos online.
In general I'm skeptic about many token used as store of value or app tokens, because if their value increase the services provided became less competitive and if the value decrease they aren't a good store of value.
I get what you are saying. The storage of large files is certainly an issue because it is so expensive to serve them up making it extremely tough to take on YouTube or Facebook at this point.
Personally I feel like another way it has been unsustainable is that the distribution was so messed up from the beginning that now a lot of us are mainly relying on delegated power to DTube, DLive, Busy, and eSteem. It is actually hard to earn real votes that are worth anything at this point. If feels a little bit like it did in 2016 where it is all about hope that a whale will maybe upvote you.
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