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GOLD! Web 3.0 (Ethereum) is happening, and most people have no idea what it even is.

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karakoram

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I found Monero and Ripple to be better for moving money around. Lower fees and far faster confirmation than ETH, BTC, or LTC
 

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csalvato

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That was a great explanation, thank you.

Quick clarification.

The value I am getting by adding liquid to the pool is interest, as it is a loan system, correct?

Another value I am getting is the ability to swap my coin for another coin.

Are these the main two value propositions for adding funds to the pool?

If we're talking about Uniswap, for example, you don't need to add to a liquidity pool (LP) in order to swap tokens. You can just make a trade at any time, from any token to any other token.

To ensure that there are tokens to swap, we need to make sure the liquidity pool has enough of both tokens to facilitate the exchange. So you can be a liquidity provider. As a liquidity provider, you lock your tokens into the pool, and get a percentage of the fees generated, based on how much you have in the pool.

Let's say you have 0.2% of the liquidity in a liquidity pool on Uniswap. If there are $1,000,000 in fees collected on a given day, you've made $2000 just for staking your tokens.
 

LifeTransformer

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Avoid Tron like COVID, that’s coming from a former fan of it.

See what they did to Steemit.com as evidence of why you definitely do not want anything to do with Justin Sun, I’m pretty sure it’s just a pipe dream/false project at this point
 

Mark_Entr

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Blockchain technology has been around since 2009. When most people think about blockchains, they think about bitcoin, a slow, expensive antiquated technology that is hard to scale, and is not innovating. Every now and again you will hear about bitcoin reaching new all time highs, yet nothing has really changed with the technology in years.

Then there are alt coins. Coins things like litecoin or dogecoin that are basically carbon copies of bitcoin, and coins like monero that are similar to bitcoin, but have a few extra bells and whistles.

There is one platform however that you will be hearing a lot more about in the future that is really going to change the way we do things. If you haven't heard about ethereum already, luckily you are hearing about it now. Ethereum is a programmable blockchain, and this makes it a very robust platform. Due to the blockchains ledger system, and ethereums programability, smart contracts are able to be created, along with a ton of other cool things.

What does this all mean? Trustless systems can be created that completely cut out middle men. Micropayments. Royalties paid for time listened to music or watching a video, etc etc.

There are thousands of developers in this space, and lots of big household business names are trying to implement the ethereum blockchain into their business. So what exactly is there for you to gain? Well you can become an investor or better yet, you can create distributed applications in this space, and reap the benefits that come along with it. I have made a lot of money in this space, and I believe it is going to continue to grow.
Are there any novel applications that are truly only enabled or substantially improved by blockchain ? ( the examples you mentioned like paying royalties for video or music are already being done by youtube & spotify, micropayments is already achieved by many companies, so what does blockchain really offer ? )
 

Mark_Entr

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I mean we already have good ol' fashioned stamp and letters, who's gonna use that "Email" thingie anyway

The jump from slow paper mail to email is huge, however, I don't see the value in changing your email to use the blockchain technology
1. what value do users get if current services switch to blockchain ?
2. any value to companies if they switch to blockchain ?
3. what are the novel applications only allowed by blockchain ?

Thanks.
 

Mark_Entr

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This efficient way is the blockchain
How is the blockchain more efficient ? from my understanding, it actually is a lot less efficient than using typical databases, but I believe their strength is the zero trust + full transparency + storing data so it can't be altered ( unless you do a 51% attack ).
 

CryptoCurt

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The jump from slow paper mail to email is huge, however, I don't see the value in changing your email to use the blockchain technology
1. what value do users get if current services switch to blockchain ?
2. any value to companies if they switch to blockchain ?
3. what are the novel applications only allowed by blockchain ?

Thanks.
Check out these Infos:

Blockchain is still in the pioneer-phase but many big companies have integrated it into their processes already.

In my view, we are now in the times where ebay was in the mid 90's.
Everyone who heard about it said "na, that won't work. auctions over the internet? never!"

Same is now with blockchain tech and also the whole crypto-space.
 

MarkSabier89

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Thank you for throwing a great idea, I will definitely study this topic, I just think about where to invest my money, but I definitely do not want to invest in bitcoins
 

Coalission

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Or just wait until Visa processes your payments over blockchain so you don't have to worry about all the weird scary techy stuff happening behind the scenes to make it all work. Either way, it's coming and you WILL use it.


Gradually, then suddenly...
 

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maverick

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Not hit the peak of the bull run yet judging by the comments here :)
 

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