Infrastructure Lacking: We need more Templates.

avatar

automationlogistics.jpg

Crypto is very much still in the Wild West phase. I look at a lot of these tokens coming out and it reminds me of the ridiculous inventions from 1980's science fiction. No one knows what they are doing; everyone is running around like a chicken with their head cut off.

When ERC-20 was developed the ICO craze followed shortly after. Most of those projects were totally bogus solutions looking for a problem to solve combined with offensively greedy cash grabs. Four years later in the cycle we see that DEFI and yield farming are the ICOs of 2021. Surely, some of these projects will have staying power but for the most part greed still rules the market, unfortunately.

When someone has a good idea and makes a ton of money on it, that idea is going to copied into the ground. This dead horse will get beaten until all the blood is squeezed from the turnip. Unfortunately, many of the templates we do have at this point just aren't that great for where we need to go.

Adaptations:

Many developers are trying to twist old models and add crypto to it and then try to act like this is a "decentralized" solution. These projects are all quite clearly heinously centralized with a very small dev team in control for years and years after the product launches.

Jobs are not being created.

This is the ultimate metric that tells us how much we are failing. Decentralized solutions create jobs and passive/active income for everyone. Everyone is going to be their own boss (freelance). These are the targets we need to be shooting for, not JPEG NFTs that aren't even on chain.

Possible templates.

  • Decentralized development
    At a certain point centralized dev teams will be looked at as the archaic solution that they are. These networks don't need a dozen devs working on the core protocol, they need thousands of devs all contributing in a way that makes sense. However, the logistics of such things are so much easier said than done. Once again, we need a template that can be copied over and over again that actually works.
  • Local Community
    Crypto is all about community and governance. There will be templates in place to empower communities with their own currency. Imagine going into a city with dozens of people and airdropping a big chunk of the people who live there. These kinds of things are going to happen. Crypto might be borderless, but most communities are not. Many airdrops will be limited to the borders of a certain area.
  • Gaming
    Gaming is a huge focus that has been falling flat on its face over and over and over. These game companies are coming in and trying to incorporate crypto to their centralized product but then they retain all the power for themselves. I have not even come close to seeing a decentralized solution when it comes to gaming. Sure, there is some decentralization on the fringe, but the meat and potatoes are nowhere to be found.
  • Healthcare
    Big Pharma does not have a financial incentive to pump billions of dollars into certain forms of research that we actually need. Plants/Animals don't get researched because they can't be patented. There's also the issue of food, that is clearly tied to healthcare. For some reason we're being told to get a vaccine 10 times a day but never being told to diet and exercise and get the proper vitamins. At the end of the day the more healthy we are the more money the health industry loses. This is the sad truth of corporate healthcare, and this model will eventually be obliterated by the proper crypto template.

Conclusion

Crypto is an infant and has no idea what it is doing. It will take time to build up the infrastructure and see what works and what doesn't. The entire world will be changed by this technology. Crypto is ten times bigger than the Internet itself in the long run. The entire planet is about to quake with disruption. Soon™.

Posted Using LeoFinance Beta



0
0
0.000
22 comments
avatar

The development tools that @blocktrades is working on sound very promising. And the half or so of SPKnetwork that I grok would open up all kinds of avenues for decentralization.

0
0
0.000
avatar

I agree! I think HAF is going to help a lot with the development of new products and solutions on the blockchain

Posted Using LeoFinance Beta

0
0
0.000
avatar

These are the targets we need to be shooting for, not JPEG NFTs that aren't even on chain.

NFTs are probably not the most overrated thing out there and I do not see any decentralized model to it, except a few people selling these things for outrageous amount and not really adding any sort of value whatsoever. Anyways like you said, it still feels like the wild wild west. We haven't seen most models adopting Crypto for their projects to really make impact and provide true ownership.

Posted Using LeoFinance Beta

0
0
0.000
avatar

If many countries can regularise crypto currency.It will lift many people out of poverty

Posted Using LeoFinance Beta

0
0
0.000
avatar

Everyone is going to be their own boss (freelance). These are the targets we need to be shooting for, not JPEG NFTs that aren't even on chain.

Word. I'm amazed to see how millions are wasted on shitty JPEGs, instead of directing them to real life working projects. Crypto world is not the perfect world, but at least it's trying...

Posted Using LeoFinance Beta

0
0
0.000
avatar

Do you think CUB will survive the DeFi craze???

Posted using Dapplr

0
0
0.000
avatar

Maybe you wrote this article thinking about this, but I can't help but appreciate how hive addresses several of the issues you rightly highlighted from jobs to a truly decentralized developer framework. I expect these money grabbers will be taking a back seat in the not so distant future and the true innovators will emerge

0
0
0.000
avatar

These networks don't need a dozen devs working on the core protocol, they need thousands of devs all contributing in a way that makes sense.

I think that smart contract platforms have this in a way.

The core team handles the blockchain development but, once this reaches a certain level, the main development is in creating the apps. And this is done by a large number of individual teams.

Since smart contract development follows a functional programming / lego block approach, future teams can leverage different elements of work done by prior teams. So there is a level of integration / coordination and building together.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I'd really like to see more and more tokenized communities. That's one of the use cases of crypto that interests me the most

Posted Using LeoFinance Beta

0
0
0.000
avatar

Dead on as usual.

Local Community
Crypto is all about community and governance. There will be templates in place to empower communities with their own currency.

I really wish there was like a Tribes-Lite on HIVE purpose built for local communities. Think like a social media area specifically built for Smalltown, USA or pick another country.

The creative weirdo in me would absolutely love to do this to my hometown, sub 6k population. I could imagine business cards or stickers with these new fangled QR codes on them (I'm thinking in hick terms right now) that's "like a facebook that you can make money on." Pass them around the little shops or at the townsquare festival every year. It's all part of my dream of living in a weird sort of techno-primitive community of decent down to Earth folk with trustless money.

If only there was a simple template to spin that up on HIVE, hopefully cheaply as well.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Well the gaming decentralization is quite tough. After all I don't think there is a way to avoid having an account issue and control the things happening. It seems tough since games and updates have to be issued somehow

Posted Using LeoFinance Beta

0
0
0.000
avatar

i wasn't going to respond because i still feel this will go over many of you guys heads. I'll try anyway maybe it's one person out there that will understand. I don't think you all want cryptocurrencies to solve any real issues is number 1. Many of you just wanna get a pump coin going so you can take the money back to the real world and use it in the real world.

What you don't understand if your cryptos really solved a problem you wouldn't even care about it being a profitable business. That brings me to my second point. i guess myself and the bitcoin maximalist share this idea. That creating more and more businesses on the chain doesn't make any sense. That's why bitcoin doesn't care if anything gets built on top of it or not.

So i won't go into detail why trying to keep creating these for profit businesses on the chain are a bad idea. It's alot to unpack there so i'm going to move to the end summary and some of you will get it. Others will never get it. However it will remain the issue. The final step im the problem is you need to create an actual currency. We don't have a problem in creating businesses. We have a problem in creating a currency that works for us. Bitcoin tried to do it and failed miserably at it. That's what we're really looking for. Now i believe a solid currency can be built on the concept of metcalfe's law but you all won't achieve the greater part of metcalfe's law not one project i've seen. Anyway that's why you seeing a problem.

Posted Using LeoFinance Beta

0
0
0.000
avatar

What you don't understand if your cryptos really solved a problem you wouldn't even care about it being a profitable business. That brings me to my second point.

You just planted a stick of dynamite under the foundation of the argument here.
You are seeing this from such a different perspective from me that I don't even know where to begin.

Name any economic system that had staying power and was able to scale without being profitable.
This is the entire problem with capitalism and macro economic growth.
Things that don't pay for themselves have to be subsidized from another source.

Crypto can subsidize exponentially better, in addition to having access to tools that allow a million new ways to monetize things and make them self-funding.

So i won't go into detail why trying to keep creating these for profit businesses on the chain are a bad idea.

A "Bad Idea"?

Excuse me? Like we have a choice in the matter?
Like we have the power to stop people from building the things they want to build?
These are permissionless networks.
Opinions about what other people should do are irrelevant.
Going to happen whether we like it or not.

Anyway that's why you seeing a problem.

I don't see a problem.
Things are moving faster than I could have ever hoped.
Any theory-crafting done today will get completely scrapped and refactored in 5 years.

0
0
0.000
avatar

No No No No No, lol. That's all wrong lol.i don't know how to highlight what you say but i'll just put it in quotation marks lol.

"Name any economic system that had staying power and was able to scale without being profitable.
This is the entire problem with capitalism and macro economic growth.
Things that don't pay for themselves have to be subsidized from another source."

This is a ridiculous statement and let me tell you why. So you're saying i'm assuming you're from the united states or some western country because most such countries can only see economics this way. So you're saying that you walk around with the let's say us dollar in your pocket looking for it to be profitable?

Do you need it to be profitable or do you need it to be stable? So basically what you guys trying to do and this is weird thing about it. You saying that okay i go start this computer internet blockchain website gaming whatever. The markets determines it's more profitable than the let's again use the dollar.

So the assumption is that it gains strenght against the dollar and because of that it is more desirable and valuable than the dollar. All this entire idea is predicated on a false strange weird idea and not one i believe that father's of blockchain's like satoshi intended. He couldn't have intended anything like what ethereum has done and i think vitalik smart kid but in a long drawn out thought process i think even he'd have to agree with my conclusions here which are:

So you start these gaming internet businesses and the blockchain ledger says i own this whatever because i own the crypto. okay fine so if i owned a share in a business i'd maybe get a stock certificate in the standard economy and i'd use this certificate to prove i own shares in company xyz. Now lets say company xyz declares you don't own anything in our business. Okay then i go well i'm taking you to court. you say take me to court and you go you and what army? i say myself and the us army. So you say bring it on i'm not honoring anything and the final step the us army shows up on your doorsteps with guns to enforce my stock certificate. thats not going to happen ever on the blockchain unless we agree and enough people agree and everybody agrees that this whatever you call value and money is worth what we say. i know this long and drawn out but maybe i need to do this to make this point for everyone reading.

so you got this unenforcable ledger basically. Satoship talked about a currency because controlling money and controlling your own money is the easiest way to solve the problem. Nobody is going to enforce your rights if you own gaming company xyz on the blockchain. however merchants may by default indirectly enforce it by taking your currency. State and municipalities may indirectly enforce it by accepting your bitcoin or crypto x to pay your taxes or pay utilities etc.,

What you all are focusing on to me is like a fun casino game that may as well be a loyalty reward token or something. I'm not saying it's not fun but it's kinda dumb i think in the end. Now some arguments are that they could combine into one big economic if you will ecosystem? Maybe .. maybe not but in any event i have to agree with the bitcoin maximalist idea of a sound money being more effective than this i would say nonimportant approach.

An although i'm not a bitcoin maximalist their arguments about putting all this stupid stuff on teh blockchain makes sense. Which is why bitcoin doesn't put anything on their chain or care .. or the maximalist community doesn't care if you ask them because they think its stupid. So i understand now why they think it's stupid. I would'nt say its stupid i'd just say its the least most important part of teh effectiveness and use of the chain. those are my thoughts on it. i'm not going to slam communities or what i think are dumb ideas to create businesses on blockchains. i think we create businesses just fine. I think the only issue is we need actual control of our money. now you may say and i'll say this in conclusion. Maybe on hive or steem or whatever some may say well we build all this infrastructure and businesses and that gets enough value and circulation and this that and the other. okay maybe but then again bitcoin is still number one it's not doing any of that nor is doge coin and all of them doing a million times better than you all. So i dont know how effective that argument is but again you can try it. i think the focus should have stayed on like a stable coin built around such infrastructure but none of your mechanisms can achieve a stable coin because you simply don't have the demand you got like now i believe 1.8 million users which is nothing in like 5 years or so. listen i'm like the chinese i read my books from the end.

Do what you all think is best i just gave a thought out opinion . maybe you all make it to 2 million users in a few more years idk.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I wish we could stay in that "Wild West"/infant phase a little longer, just for me to accumulate 😄, and position myself.

For some reason we're being told to get a vaccine 10 times a day but never being told to diet and exercise and get the proper vitamins

Because that's the whole damn point, the government and big pharma needs dependant children, not free thinking folks! Let's hope they don't bypass us all with enforcing a Central global currency, and completely corrupt what we're trying to build here.

0
0
0.000
avatar

I wish we could stay in that "Wild West"/infant phase a little longer, just for me to accumulate 😄, and position myself.

None of the institutions Bitcoin is supposed to disrupt are disrupted yet... so it will basically be the wild west for the next ten years as regulators and permissionless networks are in constant conflict.

0
0
0.000
avatar

If what you say is true, then I have plenty of time :)

0
0
0.000
avatar

Once it starts and I think we are nearing the beginning of the space taking off, it will go very fast, even faster than the Internet!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Ninguna de las instituciones que se supone que Bitcoin debe interrumpir está interrumpida todavía ... por lo que básicamente será el salvaje oeste durante los próximos diez años, ya que los reguladores y las redes sin permiso están en constante conflicto.

Of course it is something that we are going to try to continue seeing in cryptocurrencies, both the SEC and the FMI are going to voicize all this in exchange for nothing, it is clear that this war for them is a lost war, but they will capture that FEAR from people it attracts this independent world in which each one is the owner of what he has and does not need a third party to control it. We will take a big step and the SEC will interrupt us again as happened when El Salvador accepted BTC as legal tender and consequently the complaint to coinbase about its lending / borrowing products, a matter of time that they do not find out that this ship is leaving for new ports and although it seems challenging without skipper or sailor!

Posted Using LeoFinance Beta

0
0
0.000
avatar

In order to combat this problem I would like to propose the introduction of a brand new blockchain that is designed specifically for tokens. It's called, 'BACS', short for Blockchain Asset Coin System. It is designed to be a simple, easy to use, and highly functional blockchain.

BACS' purpose is to be a simple, easy to use, and highly functional blockchain.

In simple terms, BACS is the first true smart token. It is a system where a token represents a block on a distributed blockchain, that is built on an open source base.

The entire cryptocurrency market is still very small. When you look at the whole picture, the technology that we are implementing has been around for some time, but the use is still relatively new.

In my opinion, most of the problems we are seeing now are due to inexperience with the technology itself. When people get into this field of work, they are too quick to jump into the deep end and have no idea how to swim.

The way the crypto market has developed is very similar to the way the internet developed. The internet started off as a few pioneers trying to do something that was completely new.

Another avenue

Health Insurance

Health insurance isn't going away anytime soon. That's the whole reason why this model is being used in the first place. These people are going to be paying for their own healthcare. Sure, they will have to have some kind of insurance but it can be a lot more than we are seeing today.

It all comes back to decentralization, governance, and community. If these issues aren't fixed then we are just going to be left with another iteration of centralized models.

We're still not there, yet.

Community Funding:
I'm all for decentralized fundraising. I think that in-house funds are not needed in a decentralized network and that if people want to give me money, it's really not an issue. However, this is not the model we have now and I'm still a proponent of having the community fund such things.

Community Fund: I want to make the argument for the community funding of DEFI's. Let's look at some of these networks that are trying to claim decentralization:

https://www.coingecko.com/en/coins/

0
0
0.000