Are you asking about Bitcoin or Crypto? Bitcoin doesn't do much atm, but Ethereum does stuff, and Bitcoin Cash is pretty practical as a currency at the moment. There's plenty that can be done, but the market will have to decide what to converge on.
Unlike with the whole gambling where people mostly set their money on the big coins regardless of if its actually useful (its mostly not). There are some big companies out there building amazing stuff. Crypto people especially bitcoin people often hate them because they represent the "real world" with banks and regulations and all that. And ofc they dont build anything on BTC because its tech s*cks and is p much useless for anything beside speculation
Both BTC and ETH could be gone some day, the technology however will not go away. Most of the "bad" thing people point out is exclusively to PoW system anyway, like the whole energy wasting things. Its completely irrelevant for 99% of all other projects. Its kinda like if people would yell at cars because there are these huge diesel trucks that blow out black smoke in a world where ~99% of all cares are EVs. And then comes an article like this one here calling for banning cars because of the black smoke he saw the other day.
Reality check: We dont ban cars because some cares blow out black smoke. We dont ban crypto because some (one) uses whole coal mines of energy.
- in an ancestor post, crypto skeptic asks "but what does it doooo?"
- response, "Bitcoin doesn't do much, but Ethereum does stuff"
- me, skeptical "But does Ethereum actually do stuff?"
- answer: "no, but something else in the future might"
We're 13 years into blockchain technologies, and it seems like there's still not a convincing case of it being a good, useful solution to a real need. Saying that the next thing will be better stretches credulity.
Like the original use-case of p2p-money (ignore if this use-case actually makes sense or not). It does not work with bitcoin, its way to slow and expensive.
Now if you create a new "bitcoin" that does work for the use case p2p-cash then this should in theory replace the old bitcoin. But in reality it does not. Bitcoin turned into a gambling thing and tribalism over what the real bitcoin is and should do. And your actual solution likely gets no attention at all because its just one of many thousands of other blockchains from which 99+% are useless and probably hundred also say they solved the p2p-cash problem. The chance to taking over bitcoin is essentially zero in the near time future it doesn't matter how much better something is. We have tech that objectively way way better than bitcoin since at lest 8 years now and no one who is not into crypto has ever heard form it. Low TPS/Longe blocktims/energy consumption etc. etc. all solved problems since many many years, yet this is what mainstream crypto talks about.
So your better bitcoin does not "succeed" since 8+ years...
Does that mean the tech you made for p2p-cash is bad/useless? Does that mean the tech does not work for the use-case? Does that mean another XX years without anything useful coming out? It sure looks like that but maybe it just means that everyone else has no clue what tech and use-cases actually could/would/do work because they are all in the shadow of the big 1 coin that failed at everything it tired to be but gets all the attention anyway.
I'm not saying the next thing will magically do everything better. But its just a matter of time before projects that actually do something get the attention. It may take a long long time for that to happen. Most of the new people who came into the crypto space in the last years are in no way able to distinguish between useless stuff like bitcoin, stuff that is straight out a scams and stuff that actually solve a problem better than solutions without blockchain tech could. They are often not even into tech, they are into money. All the scams would not work if a majority of people would have a decent understanding of the tech.
And even the people who have the skills, can not evaluate the different techs in a meaningful way. Ive dug into many projects myself over the years and almost everything is useless but most I will never even look at because it somehow has to get my attention first.
Nonetheless there is n doubt the tech is revolutionary and it will sooner or later power stuff normal people use likely without them knowing, also likely stuff that has nothing to do with money. Its kinda funny how the whole crypto space focuses on how to use the tech with money but there so much more that can be done.
What does this mean ? Do you really need handholding to figure it out ?
It means that services will incur less fees for the client, and end up putting more money in the pocket of the vendor.
More money from the same transaction to the vendor == value by definition to the vendor.
Less fees from the same transaction for the client == value by definition to the user.
Saving money on services is perhaps the greatest value to society you can do. Who wouldn't want more money ? Is this not valuable to you ?
It's not all that different from (transfer)wise except a bit less owned by one central firm.
It can be "pay this vendor when this thing ships" or "pay out this pot when this event or game score happens." Any measurable metric online can turn into the IF of an if then statement.
It sold NFTs (characters from the show with random properties, look at https://opensea.io/collection/stoner-cats-official for some examples) and each owner of an NFT obtains the right to view the actual episode when released. As these NFTs can be resold, people are collecting their favorite characters, bidding against each other. The makers of the series get a kickback for each sell
Because this is on Ethereum, this unlocks all sorts of other possibilities, some of which are described in the FAQ. Additionally:
* people could rent out their NFT in the future for others to view the episodes
* NFTs can be used as collateral for loans
* the makers of the series could distribute additional earnings back to the NFT holders
Of course, this is doable without a blockchain. But then it wouldn't have these directly on launch:
* a platform to sell the initial set of NFTs, publicly accessible and distributed provably fair
* a large number of wallets (and websites), all able to visualize the NFT to their owners
* a simple method of restricting access to the series to NFT buyers
I don't understand why everyone is looking for a swiss-army knife like application from BTC. The value has already been proven in the marketplace, hence why everyone is buying it.