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/biz/ - Business & Finance

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30151792 No.30151792 [Reply] [Original]

>6 years after release there still is no legitimate use case for a smart contract

>> No.30152083

>>30151792
one legitimate use is making you seethe

>> No.30152920

>>30151792

we have DeFi apps worth billions with millions of people using them. WTF are you talking about?

>> No.30152977

>>30152920
are they though? are they really?

>> No.30153026

>>30152920
The only use case for smart contracts is to swap smart contract tokens.

Wow amazing.

1 year from now they'll all be worthless.

>> No.30153032
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30153032

>>30151792

>> No.30153100
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30153100

Doggy, doggy, loyal pup!

Gnash this soul and gobble it up!

If I run for fear of death,

Rend my lungs and steal my breath!

>> No.30153432

DAOs?

>> No.30154145
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30154145

You've been warned

>> No.30156042

>>30153026
What exactly will made billions upon billions of dollars in contracts obsolete in just one year
>inb4 eth killer
Not gonna happen

>> No.30156153

>>30151792
Implying making me filthy fkn rich is t a use case

>> No.30156327

>>30151792
>What is DEFI?
The state of you newfags

>> No.30156366

>>30151792
airport companies already use smart contracts for tickets.

>> No.30156466

>>30151792
are you retarded or something?
sageru

>> No.30156555

>no use case
>no PoS after announcing it 4 years ago
>no sharding after announcing it 5 years ago
The ultimate shitcoin

>> No.30156671

Idk man I took a loan out with collateral and 2x that loan. Lmao

>> No.30156924

>>30151792
> decentralized lending is not a legitimate use case
Are you trolling or just completely retarded? Decentralized finance/ lending is a huge innovation and is being used by tons of people. A lot of other financial contracts can be decentralized in similar ways. It’s only a matter of time.

>> No.30157080

>>30156366
Every corporate or government use of smart contracts is a meme for marketing purposes only.

There's not a single use case that can't be implemented cheaper, faster and better using normal software architecture instead of on a blockchain.

>> No.30157127

>>30151792
you don't even know what that means, massive retard

>> No.30157206

>>30151792
>no use cases
>rug pulls
pick one, scammers love smart contracts, using mint function is like being a central bank and hyperinflating the currency to zero

>> No.30157278

>>30156924
>lend out your shittoken X in return for interest paid in shittoken Y
>by the time the loan is due both shittokens have gone to 0 value

>> No.30158471

>>30157278
>>30157278
You really don’t know what you’re talking about. You can lend/ borrow tokens backed by FIAT currency. And you can sell those tokens for actual FIAT currency to spend on consumption or investing (in non-crypto assets).

I have a background in finance, DeFi truly is revolutionary. There’s literally nothing preventing stocks, real estate, commodities, PMs, bonds etc. from being tokenized and collateralized in the future.
Sorry you missed out on crypto bro. Hope you make it with something else.

>> No.30158556

>>30152920
All the apps are exchanges though

>> No.30158855

>>30157080
it i for buying under age sex slaves and cp on the dark net thats the entire reason for smart contracts

>> No.30158935

>>30157080
Name one (1) solution for making a (financial) contract that doesn’t involve a third party in the enforcement. Hint: you can’t. And enforcement has a huge cost/ price. Have a look at the spread between the risk free rate and the lowest possible borrowing rate ANYONE (other that the government) can get. A large percentage of this spread is a market inefficiency. And decentralized financing can solve it.

>> No.30158994

>>30158935
just admit it you only want a decentralized market so you can buy degenerate shit like slaves on the dark web...

>> No.30159071
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30159071

>>30153026
>>30158556
>

You should spend like 30-40 minutes researching defi before you invest in crypto currency or talk about it in a public setting.

>> No.30159142

>>30153026
i can't imagine being this retarded
>lending and borrowing
>no-loss lottery
>compound interest gains as a great alternative to finance 1.0 savings accounts with 0.01% APY
>escrow with no middle man
>NFTs with the potential for things like property deeds, copyright
>synthetic assets
>decentralized energy marketplaces
>automated yield farming with, again high APY %
i have a feeling the use case for your existence is fucking nothing

>> No.30159214

>>30158994
Sorry, I forgot. Don’t worry about crypto, OP. It’s all just a massive scam used for drugs and CP. you didn’t miss out on anything. There’s absolutely no use cases for decentralized contracts that can reduce huge market inefficiencies. Just forget about crypto and go on with your life.

>> No.30159764

There is a usecase, it's called "make dollar number go up", and yeah that's about it

>> No.30159803

>>30153026
this
blockchain was designed for monetary use and thus stores of value (pretty much just bitcoin) and means of exchange (stablecoins, but not any one in particular) will be the only use cases to survive this cycle
I wouldnt expect any particular defi/dapp token to survive the next ten years, and platforms like eth/link/ada etc. will exist only bc people will keep attempting to create vaporware and pnds built on these platforms
not saying that decentralised applications other than money wont happen eventually, just that itll probably take at least a few decades

>> No.30159818

Smart contracts aren't even smart

>> No.30159851

The use case is to turn fake money (USDT) into fake money (USD).

>> No.30159895

>>30151792
Who cares. Stop using your brain and buy whatever has cool aesthetic

>> No.30161025

>>30159895
Retards like this is who you converse with daily about impactful financial decisions. Let that sink in. This board is full of legit retards with a 4 figure net worth

>> No.30161405

>>30159803
no it wasn't. https://cryptonews.com/news/a-key-insight-for-the-blockchain-came-in-1991-1895.htm
it's original purpose was simply archiving.