Negotiator
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I'm curious about what gets Crypto enthusiasts most excited about Cryptos. I will give a few possible headings below but mine would probably be the idea of being able to store 'money' in a decentralized manner and be able to send money instantaneously anywhere around the world to any person or organization with absolutely no transaction fees or with the help of a third party (think IOTA with their zero transaction fees on the Tangle).
For me another use case is the storage of all my personal data on the blockchain/tangle/other DLT platforms. Imagine a world where you are oversees in say Germany and you need to go to the hospital and they can access your entire medical history and data with the scan of a QR code that pulls the info from the Blockchain. The point is that you would be in complete control of your data and it would not rest in the hands of centralized entities.
Machine to machine economy is another use case that gets me really excited. Imagine where your car can pull up at a parking meter and it communicates directly with the parking meter automatically and pays by the second. As soon as you drive off it stops.....all happens seamlessly. You might ask why this can't be done by existing technologies but for IoT devices to all work independently they will need to be ultra secure and also use minuscule power. IOTA are working on some really interesting solutions to this using Jinn technology.....watch this space!
Would love to hear what others think and what gets you excited about Cryptos. If it's purely speculation that's fine too, post whatever it is for you.
Here are a few other possible reasons that you may want to consider:
The list is endless so what is yours? I'm happy to hear from anyone who think this is all a load of 'hot air' too, it contributes to a robust debate!
For me another use case is the storage of all my personal data on the blockchain/tangle/other DLT platforms. Imagine a world where you are oversees in say Germany and you need to go to the hospital and they can access your entire medical history and data with the scan of a QR code that pulls the info from the Blockchain. The point is that you would be in complete control of your data and it would not rest in the hands of centralized entities.
Machine to machine economy is another use case that gets me really excited. Imagine where your car can pull up at a parking meter and it communicates directly with the parking meter automatically and pays by the second. As soon as you drive off it stops.....all happens seamlessly. You might ask why this can't be done by existing technologies but for IoT devices to all work independently they will need to be ultra secure and also use minuscule power. IOTA are working on some really interesting solutions to this using Jinn technology.....watch this space!
Would love to hear what others think and what gets you excited about Cryptos. If it's purely speculation that's fine too, post whatever it is for you.
Here are a few other possible reasons that you may want to consider:
- Pure price speculation
- Storage of value
- In control of your own data and personal ID
- Decentralized social media platforms
- Disruption to financial industry (not least payment systems)
- Reducing government interference
- Smart contracts that could revolutionize how business is conducted (eg- Sweden creating a land registry on the blochchain which would help bypass all the ridiculous bureaucracy and legal fees when transferring a property etc)
- Intellectual property rights and trademarking etc by creating time stamps on the blockchain
The list is endless so what is yours? I'm happy to hear from anyone who think this is all a load of 'hot air' too, it contributes to a robust debate!