Let's check this out!
Any HN users, who use blockchain technology? And if so, what for?
Considering the popularity of "custodial wallets" today, I might argue that scamming less-intelligent people is the primary business strategy around crypto.
Worked on teams looking at it for a few interesting use cases, but in every case we prototyped, the increasing ubiquity of network signal makes alternatives better.
Many of the use cases that seem ideal for blockchain really need just need digital signatures.
It’s cool tech, but more niche than the hype cycle made it out to be.
With cryptocurrency on the other side, the most "legit" usage case I've seen so far, is hybrid-NFTs, from DC Tracing Cards. Where you get physical cards, and an NFT alongside it. Not sure how successful or scammy this is, but considering trading cards are an established semi-legit business, I would say this kinda counts as real world.
Sure, it has quarter to quarter volatility, but year on year, given the 4 year halvening cycles, it is proven to be a tremendous store of value.
Mostly thanks to built-in scarcity, dollar-printing and nothing else.
Example: Figure (providing home equity loans) used provenance chain for backend functions such as origination, securitization, and lifecycle management. Many of the "business" use cases are in these opaque areas such as settlements.
When you see knee-jerk comments “tHeRe’s nO uSe CaSe” it’s understandable that most people don’t know what they don’t know about the backend of finance. Yes, there’s a lot of bullshit in the space, and there’s also a lot of valid infrastructure being built. It’s not going away.
Disclaimer: I’m an investor.
If you search for Chris Dixon in the podcast sphere you can find a lot of interviews (to promote the book) and get the digest in 1h-ish.
https://ycharts.com/indicators/ethereum_transactions_per_day
Slightly less libertarian use than what some blockchain enthusiasts are envisioning, but a real use case.
https://de.m.wikipedia.org/wiki/Technische_Sicherheitseinric... (sorry, can only find German info right now)
hold enough amounts of main cryptocurrencies (such as btc, eth, bch, usdc, usdt) and you can be a market maker making a few bps per transaction.