Bitcoins/Litecoins/Virtual Currencies

James said:

People who purchase a driver's license from the Non-Uber protocol. You find them by loading up the Non-Uber App through your wallet, which functions nearly identically to the Uber App. You pay a rate determined by the Non-Uber protocol through the app as you would normally, and that rate is then distributed to the driver minus a small protocol fee which collects in a treasury managed by governance tokens.

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Who updates and improves the non-uber app? Who is responsible for safety and vetting of drivers?

James said:

It's not a subscription model. Users will either have to pay to watch the video to cover the costs of transcoders and orchestrators, or they'll have to watch enough ads to do it.

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But this is already what happens so why would we add the extra layer. An extra layer that incentivizes people to bot boost numbers and try to get more people to sign on to that model after them (the pyramid scheme)

Flobee said:

The best use cases I can think of are proof of digital ownership.

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That's just the current use case with an extra step. The NFY guy is talking about wrapping entire economies into an NFT, DeFi positions are moving towards being NFTs. The supply chain implications alone are massive.

Jive Turkey said:

Who updates and improves the non-uber app? Who is responsible for safety and vetting of drivers?

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1) The Non-Uber DAO which manages the treasury.
2) Depends on the system that gets implemented, but it would be tied to obtaining the driver's license I'm sure.

Khane said:

But this is already what happens so why would we add the extra layer.

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Because we think Google is evil and doesn't need to be rewarded for doing something when we can do it ourselves.

James said:

Because we think Google is evil and doesn't need to be rewarded for doing something when we can do it ourselves.

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That's "fair enough". Except another Corp will seize control of that model and become the "Crypto Twitch". It just doesn't really add up to me. Its wishful thinking and not a real boon to the crypto space as far as I can tell.

Khane said:

Except another Corp will seize control of that model and become the "Crypto Twitch".

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Only if that's what the users decide. Defunding the company if it fucks up is much, much easier in the crypto world.

No, it isnt.

Yes it is. You can literally copy the "company" and run it yourself, the blockchain is open source. It's happened already many times, it's exactly what the SushiSwap fork was.

Khane said:

Its wishful thinking and not a real boon to the crypto space as far as I can tell.

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There's over $60 billion locked in this model right now.

It's very naive to think any successful model would be run by the users.

It's stupid to discount Uniswap because you don't understand how it's run by the users.

No, blockchains are permissionless you fucking retard.

Yes, it's a huge problem. Cardano thinks you need to bake metadata into the protocol itself in order to solve it, other people aren't sold that it's a problem.

Many meta, much wow.

Might the new internet be too unstructured for the average person? Like trying to live in a civilization with no government?

Unlikely, Vitalik wrote a blog about legitimacy that explains it fairly well: The Most Important Scarce Resource is Legitimacy

Jive Turkey said:

Might the new internet be too unstructured for the average person? Like trying to live in a civilization with no government?

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I am not claiming I know since I am asking questions too, but I think the complex part of it would be hidden from most. I think, if I am reading correctly here and I'm very interested if someone has a more in depth read on the topic, that it's more like changing the root layer at which we operate.

For example, right now I use different services, maybe uber/lyft, grubhub/doordash, amazon, netflix, etc..

If my understanding of the above is correct I would have some "fingerprint" that is me and only me, but it's some type of crypto wallet/private key. On the surface there are still apps and companies, not much different than today. However under the hood there are these crypto/coin layers. So if I "take uber" frequently I would be a "coin holder" essentially, adding to the validity and trust of the system, maybe even earning "rewards"(in the form of that coin aka, free rides in todays world). However if I chose to leave new-uber, i would be taking my coins with me and if my reason was something the rest of the masses also agree with, we would all be taking our "new-uber" coins with us, which would take the value, reliability, and trust of the system...or something like that?

Anyway it doesn't sound much different than our current world. If some company makes a stupid statement online and everyone says "we wont buy their product/service anymore" they would also change or go broke...I mean the entire expression "get woke go broke", right? I think the one major difference, which may not even be true, is that in the real world you have such a fucking tangled mess of bigger companies owning smaller ones and shit you never really hurt the man because the products and services all come from about 4-5 sources.

I think Patreon came close and was vastly different than youtube in this same way. People on youtube make money from youtube(views/popularity) or direct sponsers(whoring in the actual video). The idea with patreon was give a few of your dollars directly to whomever is making the video, patreon gets a small cut for hosting it all and prodiving the service, but the majority is direct. I see the coin thing the same way(maybe?) but with far more than just videoes. Basically connecting people directly and removing the middle man from a lot of simple service transactions.

Mark Cuban: The Brilliance of Yield Farming, Liquidity Providing and Valuing Crypto Projects | blog maverick

Now its time to put this in context. As an automated depositor to borrower, matchmaking service, there are no buildings, no huge departments, no branches, no paperwork, no approvals, no confirmation calls to make. All that matters to Aave and their competitors is volume. They can make a FORTUNE for their depositors and token holders because their overhead vs their revenue is miniscule. Automated Financial Market Makers are so much more capital and operationally efficient than similar traditional companies. Banks should be scared.

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