/biz/ - Business & Finance

I am unironically a SME in my field of marketing, copywriting, paid traffic etc. I know more than 99.999% of people including people with $250k advertising degrees. Here’s my take:

The core idea of decentralizing DR is very promising. There are however flaws with some use cases, but that doesn’t invalidate the core premise, in fact it strengthens it. I think the problem most anons ITT have is that they are conflating ALL possible use cases with each other. I will agree that not every use case is perfect.

You need to realize that not every industry has the same needs. Take LINK for example. There are use cases where centralized oracles make way more sense than decentralized oracles. That doesn’t invalidate the whole project though. LINK is without peer in their specific use cases they are targeting (insurance, finance, data, medical, legal etc).

Kleros is the same way. Just because it might not work for some industries doesn’t mean it won’t for others. Amazon and EBay are literally paying salary + benefits to tens of thousands of people to sit around and issue refunds to people for stupid returns. They would jump at a chance to cut those costs.

Another example, I entered a business contract with an Indian sociopath a couple years ago. I always to get paid X to deliver Y marketing results. We went above and beyond, and deliver 10X what was expected. He turned around and basically used some technical loophole to refuse to pay me and threatened with legal action. If those funds had been locked up in a smart contract with Kleros as arbitration mechanism, I would have a large sum of money today that I don’t have. This use case is so strong to me personally that I would have paid thousands to leverage it. So not every industry is equal. This isn’t work for some industries, but the ones it does work for will be transformed.