RE: Offline by eeks

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machine-learning · @eeks · Jul 4 '17

$4.63

Many blockchain projects are some old world business model plus decentralization.  Decentralized storage, Decentralized compute, Decentralized Match.com, etc.

Numerai is one of the few whole original applications of blockchain and smart contracts and it's live already.  It and Steem are arguably the most used noncurrency blockchains right now.  So exhilirating!

👍 eeks, kevinwong, elgeko, skrt, notevenclose, deadsec, protegeaa

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@kevinwong · Jul 4 '17

$1.01

> most used noncurrency

First time I'm seeing the word noncurrency, what's your take on these blockchains?

👍 eeks

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@eeks · Jul 5 '17

$0.75

Bitcoin has one function: as a currency.  That is it, despite what anyone says or any semantic games people might play.

Ethereum has many functions, including currency, but right now it's mainly used as a currency and a test-bed.

Steemit and Numerai are blockchain projects that have specific purposes (social networking/media and quant hedge fund auctions) with which they lead.  Sure, they can both serve as currencies, too, but neither has the scale to win on that dimension.  But they both are showing unique blockchain applications that are non-currency and useful right now and used right now.  It's awesome.

👍 kevinwong

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@kevinwong · Jul 6 '17

$1.02

Interesting that all of these experiments somehow postulate that their cryptoeconomics tend to add value to their systems as a whole over time. So basically non-currency are what some of us call app-coins xD

👍 eeks

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