• John@lemmy.ml
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    3 days ago

    I love how every defense for crypto platforms like this (or eth based stuff or solana etc etc) is always somehow about censorship and personal freedom stuff but then pretty much everything built on all of this is to pump the crypto more.

    The beauty of an open and permissionless platform is that it can be used however anybody wants, whether that’s sending aid to Gaza, accessing financial tools you’re otherwise locked out of, or pumping Trump’s shitcoin.

    It seems the only things crypto does is increase the value of crypto, scam people, and throw ridiculously expensive parties attended by those trying to increase the value of crypto.

    Some useful applications of crypto include:

    Simple large sum transfers with ZERO friction and instant settlement. (eg: transferring $193,000,000 with a fee of $0.17 (0.00000008839779%))

    Treasury bonds (maker, EIB)

    Social Media (Farcaster, lens)

    No-loss lottery (pool together)

    mortgages (tinlake)

    insurance (Nexus Mutal)

    pay-day loans (Alchemix)

    lending/borrowing (AAVE, Compound)

    CDPs (Maker)

    Exchanges (Uniswap)

    Yield Aggregator (yearn)

    derivitives (dydx)

    Certificates (OpenCerts)

    Streaming payments (llamapay)