Also after so many people trash crypto on HN daily - why’d you think it was even worth our time reading your post? At least some folks are funny with their takes.
Very little time.
ML has been creating meaningful results since the 1960s.
> Just because a space is riddled with 80% grifters
It is a strong indication that nothing useful will come out from the remaining 20%, which is probably wishful thinkers.
But then again, hope is not proof, lines of code is not a product, hours spent tinkering is not quality, big ideas is not real world impact.
Right now, and for the past 10 years, this space has been a lot less useful than what came out from imagining FTL travel or colonizing Mars.
But costed nearly as much (actually, more: going to Mars costs around ~2.7 billions, while This year, more than $3.8B has been poured into startups in the Web3 space)
If I believed in conspiracies I would say that the criminal cartels of the World have found the perfect tool to wash their dirty money. It works much better than pumping art.
I mean...yeah! Go builders! I wish you success. But I have my doubts around these ones.
Decentralized file storage seems maybe to be better addressed by IPFS, which uses cryptographic protocols but isn't cryptocurrency.
Stablecoins are mathematically and conceptually fascinating (like most of this space!), but what do they get you that you don't get with fiat currency? The answer I've actually seen applicable here (aside from "enable black markets") is to enable fairly paying people across borders that live in places with absurdly distorted exchange rates. So that's a win as a transfer medium; less so for storage (Cf. all the stablecoins that've unpegged recently).
I freely admit not being sufficiently educated around the current state of lending protocols in the cryptocurrency space to have an informed opinion.