AMA crypto | Doubts? Ask!

[Ott0]

Not trying to give financial advice just to approach some knowledge if you have questions about crypto. I will try to answer.

I have dealt with cryptocurrencies since 2015. Sometimes you don't realize how far you are from people who have not even started to use it.

The technology is absolutely groundbreaking. It is still really early for mass adoption. Don't be scared, jump in. Not only as investors, take the entrepreneur position.

Hope this helps someone =)

[Stack]

What projects do you see most profitting from a entrepreneur perspective in the next months/years

[Allura]

The technology is absolutely groundbreaking

Biggest LOL to that. Blockchain is a buzzword in industry and after more than 10 years, I haven't seen a feasible use case for it yet.

[Ott0]

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What projects do you see most profitting from a entrepreneur perspective in the next months/years

Good question.

As with many things this will definitely depend on the level of work and commitment you would like.

As an investor just wanting to put money I would look into #defi initiatives around Ethereum. A simple example would be the compound protocol. You deposit and it starts "compounding". You can see the returns on that page.

As a proper entrepreneur willing to build the question is more complicated, I am not completely sure. I think those who can bridge normal people into this complicated space will profit big on the next coming years. Not only offering fiat>crypto options.

For example there are good initiatives on the issuing and validation of e-learning certificates. E-learning is a major topic nowadays but is still centralized on the validation/issuing of the certications. There are forging problems with the certificates since they are mostly a pdf. When the institution validates publicly on a public blockchain there is no way to forge it.

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Biggest LOL to that. Blockchain is a buzzword in industry and after more than 10 years, I haven't seen a feasible use case for it yet.

I have just posted above an example not related to "money" with a clear utilization of the technology. Forget your ideas about speculation, cryptocurrencies is the first implementation of blockchain. Not the only one.

Think about blockchain as the improvement of peer to peer technologies, no central validator. If you can't imagine how that will modify existing technology then of course you will still be seating on the "buzzword" table.

[Allura]

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Good question.

As with many things this will definitely depend on the level of work and commitment you would like.

As an investor just wanting to put money I would look into #defi initiatives around Ethereum. A simple example would be the compound protocol. You deposit and it starts "compounding". You can see the returns on that page.

As a proper entrepreneur willing to build the question is more complicated, I am not completely sure. I think those who can bridge normal people into this complicated space will profit big on the next coming years. Not only offering fiat>crypto options.

For example there are good initiatives on the issuing and validation of e-learning certificates. E-learning is a major topic nowadays but is still centralized on the validation/issuing of the certications. There are forging problems with the certificates since they are mostly a pdf. When the institution validates publicly on a public blockchain there is no way to forge it.

- - - Updated - - -



I have just posted above an example not related to "money" with a clear utilization of the technology. Forget your ideas about speculation, cryptocurrencies is the first implementation of blockchain. Not the only one.

Think about blockchain as the improvement of peer to peer technologies, no central validator. If you can't imagine how that will modify existing technology then of course you will still be seating on the "buzzword" table.

Everything you listed imo is better as being centralised. There was a time where I believed de-centralised was the way, then I realised ALL the problems de-centralised has and its easier to stick with centralised.

[Ott0]

Everything you listed imo is better as being centralised. There was a time where I believed de-centralised was the way, then I realised ALL the problems de-centralised has and its easier to stick with centralised.

Both have pros and cons. For entrepreneurs usually centralised is the way to go, it is not easy to get a profitable model for yourself if you choose the non-custodial (decentralised) structure.