So what's the deal with Slock.it? - page 2.

LegendaryMiner

sr. member

Activity: 407

Merit: 250

DAG, Built-in Chat and Conditional Payments

Quote from: JollyTrades on May 15, 2016, 08:22:50 AM

[...]
... If someone could come up with a real use case potential, even if that potential be just an idea, the answer is valid. Then that would mean people do not just throwing money to a project with no known possible use case, but they throw money to a potentially cool one.

I think we need to distinguish between different kinds of believing in a project's potential. One may believe in a project blindly, or one may believe in a project by knowing its potential. People may even believe that the outcome of a "head or tails" game will be heads, and put their money into that bet. So my question is, what type of believers are the Slock.it believers?

Best,

Jian

"real use case potential..." I would enjoy to see this on the table.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: JollyTrades on May 15, 2016, 08:22:50 AM

Quote from: tokeweed on May 15, 2016, 08:04:47 AM

Quote from: JollyTrades on May 15, 2016, 08:01:50 AM

Quote from: tokeweed on May 15, 2016, 07:58:04 AM

Quote from: JollyTrades on May 15, 2016, 06:42:00 AM

Quote from: tokeweed on May 15, 2016, 06:35:31 AM

Could be something big, or not. Could be ahead of its time, or nothing.

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

Yup. The same with people who threw money into Ethereum. Or with Bitcoin for that matter.

@tokeweed,

Bitcoin has at least one real use case which proves better than its traditional counterparts, that is, sending money with low costs and with increased anonymity and transparency. So I believe it would be wrong to equate Slock.it with Bitcoin.

Best,

Jian

That wasn't the case back in 2010 - 2011 when some people were buying BTC in huge chunks because they believed in its potential.

@tokeweed,

I strongly disagree. The implications regarding the abovementioned use case of Bitcoin exist even in Satoshi's paper. The fact that the potential was actualized much later does not change anything. If someone could come up with a real use case potential, even if that potential be just an idea, the answer is valid. Then that would mean people do not just throwing money to a project with no known possible use case, but they throw money to a potentially cool one.

Best,

Jian

Sure. But did everyone even realize that it could be possible? I believe only a small group of people did at that point. So all in all, as far as the whole of crypto is concerned, there's still only a small group of people who really believes that cryptocurrencies is the way of the future. But then again, like anything, it might not be.

JollyTrades

hero member

Activity: 602

Merit: 500

Quote from: tokeweed on May 15, 2016, 08:04:47 AM

Quote from: JollyTrades on May 15, 2016, 08:01:50 AM

Quote from: tokeweed on May 15, 2016, 07:58:04 AM

Quote from: JollyTrades on May 15, 2016, 06:42:00 AM

Quote from: tokeweed on May 15, 2016, 06:35:31 AM

Could be something big, or not. Could be ahead of its time, or nothing.

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

Yup. The same with people who threw money into Ethereum. Or with Bitcoin for that matter.

@tokeweed,

Bitcoin has at least one real use case which proves better than its traditional counterparts, that is, sending money with low costs and with increased anonymity and transparency. So I believe it would be wrong to equate Slock.it with Bitcoin.

Best,

Jian

That wasn't the case back in 2010 - 2011 when some people were buying BTC in huge chunks because they believed in its potential.

@tokeweed,

I strongly disagree. The implications regarding the abovementioned use case of Bitcoin exist even in Satoshi's paper. The fact that the potential was actualized much later does not change anything. If someone could come up with a real use case potential, even if that potential be just an idea, the answer is valid. Then that would mean people do not just throwing money to a project with no known possible use case, but they throw money to a potentially cool one.

I think we need to distinguish between different kinds of believing in a project's potential. One may believe in a project blindly, or one may believe in a project by knowing its potential. People may even believe that the outcome of a "head or tails" game will be heads, and put their money into that bet. So my question is, what type of believers are the Slock.it believers?

Best,

Jian

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: JollyTrades on May 15, 2016, 08:01:50 AM

Quote from: tokeweed on May 15, 2016, 07:58:04 AM

Quote from: JollyTrades on May 15, 2016, 06:42:00 AM

Quote from: tokeweed on May 15, 2016, 06:35:31 AM

Could be something big, or not. Could be ahead of its time, or nothing.

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

Yup. The same with people who threw money into Ethereum. Or with Bitcoin for that matter.

@tokeweed,

Bitcoin has at least one real use case which proves better than its traditional counterparts, that is, sending money with low costs and with increased anonymity and transparency. So I believe it would be wrong to equate Slock.it with Bitcoin.

Best,

Jian

That wasn't the case back in 2010 - 2011 when some people were buying BTC in huge chunks because they believed in its potential.

JollyTrades

hero member

Activity: 602

Merit: 500

Quote from: tokeweed on May 15, 2016, 07:58:04 AM

Quote from: JollyTrades on May 15, 2016, 06:42:00 AM

Quote from: tokeweed on May 15, 2016, 06:35:31 AM

Could be something big, or not. Could be ahead of its time, or nothing.

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

Yup. The same with people who threw money into Ethereum. Or with Bitcoin for that matter.

@tokeweed,

Bitcoin has at least one real use case which proves better than its traditional counterparts, that is, sending money with low costs and with increased security, anonymity and transparency. So I believe it would be wrong to equate Slock.it with Bitcoin.

Best,

Jian

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: JollyTrades on May 15, 2016, 06:42:00 AM

Quote from: tokeweed on May 15, 2016, 06:35:31 AM

Could be something big, or not. Could be ahead of its time, or nothing.

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

Yup. The same with people who threw money into Ethereum. Or with Bitcoin for that matter.

JollyTrades

hero member

Activity: 602

Merit: 500

Quote from: tokeweed on May 15, 2016, 06:35:31 AM

Could be something big, or not. Could be ahead of its time, or nothing.

Do you mean people are throwing money to a project which has equal possibilities for being big or worthless, without knowing the potential ahead? I don't think so. At least, I don't want to believe that. What I want is someone to explain what it could be done with Slock.it which renders it a revolutionary project.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Could be something big, or not. Could be ahead of its time, or nothing.

JollyTrades

hero member

Activity: 602

Merit: 500

Quote from: sandiman on May 15, 2016, 06:31:24 AM

slock.it white paper : https://download.slock.it/public/DAO/WhitePaper.pdf

So what's the deal with it?

sandiman

hero member

Activity: 560

Merit: 501

slock.it white paper : https://download.slock.it/public/DAO/WhitePaper.pdf

JollyTrades

hero member

Activity: 602

Merit: 500

In a previous post (So what's the deal with smart contracts?), I questioned what smart contracts may do any good to humanity, and the only valid answer was about their use in gambling. Ponzi schemes might be another use. However, I hope you will also agree that those use cases are far from being revolutionary.

Now let's ask the same for Slock.it. What's the deal with it, I mean, in what ways does Slock.it serve better than its centralized counterparts, apart from enabling payments to be made in a cryptocurrency? Payments are already doable in cryptocurrencies via certain payment processors. So let's say an alternative Slock.it builds gadgets which work in a centralized way, and at the same allows bitcoin payments.

You want to rent your car in an automated way? Install that PayPal/BitPay integrated gadget to your car, or get it installed in this or that way. What does Slock.it offer better than this alternative?

Thank you for your answers in advance,

Jian

Post Script

Quote from: JollyTrades on May 16, 2016, 09:39:41 AM

Let me clarify my point by giving an answer of the kind I'm looking for.

What will be the exclusive real use cases of the Waves platform?

Fee-free, transparent and secure equity crowdfunding projects, international money transfers and payments in fiat currencies, and a secondary security market.

I am looking for such an answer for Slock.it, or for smart contracts in general.

Topic: So what's the deal with Slock.it? - page 2. (Read 1609 times)