LogFAQs > #975108897

apocalyptic_4 posted...

What's your thoughts on ISO coins?

Never heard of it. Sorry bro.

Kuuko posted...

True. Any day now we will figure out what the real usecase for bitcoin is. Then we will all be rich. We simply need to find this one small final piece of the puzzle.

My sarcasm detector is blinking, but in case it's faulty, the bitcoin already has served its purpose and is doing what it was intended to do, be an alternate banking system from the traditional banking world with a currency completely removed of influence from the US dollar (mainly the US government's and military's interference).

With this next bull run, right now the focus is on tokenizing assets.

https://gamefaqs.gamespot.com/a/user_image/3/2/1/AAWh3OAAEs3B.jpg

Full Bank of America report here:

https://twitter.com/chainlink/status/1680700585648201729?s=20

But ideally, a vision for a lot of Web3 developers is to replace Web2 services. Basically everything is up for grabs. To give an example, Uber can be recreated in the Web3 space and it'll be could appealing as it could be reconstructed with a more transparent and potentially profitable wage calculation for individual drivers via smart contracts (which reduce administrative overhead already) and also give them a voice in the direction of the company through a DAO (decentralized autonomous organization) where whatever currency of this Web3 version of Uber they use could double as governance votes.

The reason why they want to use Smart contracts is because it's basically a coded obligation that you essentially can't change once it has been deployed. "If X event happens, then Y is executed." This gives people guarantees unlike in Web2 and this has created more profitable opportunities as people can collaborate together without the fear of getting screwed over (aside from hackers and fundamentally flawed protocols).