Let's Settle This

[Anonymous No.19770828]

Which of these use cases for crypto are a meme and which aren't?

For me, in order of actual possibility of catching on in the real world it goes:
1. Smart Contracts (ETH/LINK)
2. Transaction Mechanism (XRP/NANO)
3. Store of Value ("Digital Gold": BTC)

[Anonymous No.19770854]

>>19770828
No one needs transaction mechanisms when you can tokenize everything though a smart contract.

You can tokenize stocks, bonds, currencies and securities. Why would you need cripple and nano?

[Anonymous No.19770893]

>>19770854
My intention was not to say that I think ripple or nano are likely candidates for being the winners if "Transaction Mechanism" becomes a leading use-case for crypto, I simply chose those 2 as examples because it is quite literally the only thing that they are good for.

Obviously you could use a stablecoin on ETH for a transaction mechanism too, I just wanted to pick coins that do nothing else but act as a vehicle for transactions to showcase the use-case

[Anonymous No.19770913]

>>19770828
Store of value?
Smart contracts?

Fucking lol, crypto has only three use cases:

>Money laundering
>Drug/organ trafficking
>Child porn distribution

And that's it.

[Anonymous No.19770914]

>>19770893
I'm telling you, that "transaction mechanism" is obsolete. It's like saying "if horse carriages become the leading use case for transportation". It's obsolete tech and no one will use it.

[Anonymous No.19770948]

>>19770914
I think I see the point you're making, but crypto will always, in some capacity, be utilized as a transaction mechanism, especially through the adoption of smart contracts.

A smart contract cannot execute if there is no transaction that occurs. I mean theoretically it could, but in 99% of all scenarios, there will be some kind of payment that is facilitated via the smart contract, with the blockchain acting as the anchor which supports this transaction

[Anonymous No.19770956]

>>19770914
Oracles arent even needed lmao.

[Anonymous No.19771048]

>>19770948
The transaction occurs on the smart contract platform.
You take USD, tokenize it into USDT and transact, then turn it back into USD on the other end.
You take AAPL stock, make a token out of it and transact, the stock transaction and ownership are stored on the blockchain in perpetuity. You can conduct complete stock trades on the blockchain, using fiat tokenized into stablecoins and tokenized assets.

Shitcoins that don't have smart contracts are useless, because of the volatility and because the whole conversion process is conducted offchain, i.e. the conversion of USD to XRP is not stored on the blockchain.

To have a completely decentralized and trustless environment you must have both smart contracts and orcales.

[Anonymous No.19771068]

>>19770828
XRP was just declared not a security. last chance to get a bag.

https://twitter.com/ForbesCrypto/status/1273221436639977474

[Anonymous No.19771136]

Store of value is just medium of exchange over time.

It the stable store of value comes with more users. Bitcoin can't support many more users. Smart Contracts haven't been able to find a problem to use their solution on.


Cryptocurrency will only ever be good as a CURRENCY. XRP is also shit

[Anonymous No.19771193]

>>19771136
>Smart Contracts haven't been able to find a problem to use their solution on.

I'm curious why you feel this way.
Specifically with the recent introduction of Baseline Protocol with major companies like EY & Microsoft testing smart contract capabilities

Chances are, they didn't just decide to randomly start testing smart contracts with 0 data backing up the fact that they might ultimately be useful in increasing profit margins.
The numbers guys met with the tech guys and they came to an agreement that its at least worth looking more into, and developing a proof of concept to explore how it works in a production environment.

[Anonymous No.19771216]

>>19770828
They are all legitimate use cases.

[Anonymous No.19771231]

>>19771193
>testing smart contract capabilities
For...............? What?

>Chances are, they didn't just decide to randomly start testing smart contracts
That’s actually way more common than you think. Companies like this always explore tech to understand the landscape they’re in. It doesn’t actually mean anything as far as an indicator of adoption.

[Anonymous No.19771301]

>>19771231
>for what
I would refer you to the baseline protocol website for more information: https://docs.baseline-protocol.org/

But being brief, the main advantages are:
The Baseline Protocol is an approach to using the public Mainnet as a common frame of reference between systems, including traditional corporate systems of record, any kind of database or state machine, and even different blockchains or DLTs. It is particularly promising as a way to reduce capital expense and other overheads while increasing operational integrity when automating business processes across multiple companies.

Business processes like supply chains & supply chain management, service agreements, and thinks like SAPs ERP as well as CRM.

To be able to automate a significant portion of these processes allows you to essentially fire dozens or even hundreds of employees and replace them simply with code. You can then hire 5-10 guys to manage that codebase and do any troubleshooting, but ultimately this would lower overhead costs and increase profit margins.

[Anonymous No.19771346]

Smart contracts semi-decentralize data feeds, which can be useful when a trusted third party cannot be found (gambling in a decentralized casino for example).

Feeless and instant means of value transfer (NANO) serve obvious purposes, and allow for a microtransactional pay as you go type economic system. This is important for machine to machine and IoT payments. Combined with smart contracts, autonomous decentralized smart networks can be created.

Store of value is a hedge against inflation. BTC in specific being a PoW coin also adds a sort of value due to the electricity cost used to mine coins and support the network. It is paying with electricity to purchase a hedge against inflation that also can serve as an investment.

Decentralized computing also needs to be mentioned, and should not be placed in the same boat as a service such as Chainlink, as it offers different options, such as immutable content (websites), applications, and more.

I don't think anything else in the space offers much value, as these four cover everything. Anonymous coins do have merit. As do DAO's. However I think DAO's can be solved by ETH, under the decentralized computing platform. But the use case depends on the purpose. Not all DAO's will be created equally or provide similar benefits, if any. So I would put the value here under ETH.

Shitcoins get the bullet.

[Anonymous No.19771375]

>>19770828
Store of value is a meme in any fucking regard. Wanna know what's also a store of value? Child porn. Heroin. Collectible coffee mugs. Literally anything you can buy and resell for a similar or higher value later is a store of value.

[Anonymous No.19771667]

>>19770828
>XRP/NANO)
lmao
Doge all the way bitches