> How?
By simply eliminating intermediaries. A middle man always takes a cut somehow. If you can eliminate him, both parties can enjoy better rates. Here are some non vague ways blockchains can help real problems:
- What if a kind of youtube existed where advertisers paid content creators directly instead of youtube taking a large percentage? And it was censorship resistant.
- What if we could build app stores that don't take a 30-50% cut.
- How about an entire p2p marketplace without fees like ebay? openbazaar.org
- What about getting paid for things that are impossible right now because of CC tx fees? This unlocks microtransactions & an entire attention economy (see yours.org, steemit.com, more incoming)
- How about p2p digital rights management to allow artists to keep more of their income? Several in the works.
- How about any service that exists to keep records? I would love to see the day Pacer was replaced by a blockchain.
- What if a kind of reddit could exist without centrally moderated channels and armies of fake users?
- What if p2p rented data storage could be a fraction of the price of dropbox without selling your data?
- What if you could rent computing power in a p2p fashion?
- What if network/VPN rules could be tokenized in the hardware and network access could be metered and charged per minute in crypto?
- What if you could receive payroll as a minute by minute stream?
- What if the lottery was provably fair and 1000 times less of a ripoff?
- What if we could replace obviously flawed political polling with prediction markets?
I could write this list all day. Not vague handwaving, all of these things are being worked on or already exist.
- What if a kind of youtube existed where advertisers paid content creators directly instead of youtube taking a large percentage? And it was censorship resistant. - What if we could build app stores that don't take a 30-50% cut. - How about an entire p2p marketplace without fees like ebay? openbazaar.org - What about getting paid for things that are impossible right now because of CC tx fees? This unlocks microtransactions & an entire attention economy (see yours.org, steemit.com, more incoming) - How about p2p digital rights management to allow artists to keep more of their income? Several in the works. - How about any service that exists to keep records? I would love to see the day Pacer was replaced by a blockchain. - What if a kind of reddit could exist without centrally moderated channels and armies of fake users? - What if p2p rented data storage could be a fraction of the price of dropbox without selling your data? - What if you could rent computing power in a p2p fashion? - What if network/VPN rules could be tokenized in the hardware and network access could be metered and charged per minute in crypto? - What if you could receive payroll as a minute by minute stream? - What if the lottery was provably fair and 1000 times less of a ripoff? - What if we could replace obviously flawed political polling with prediction markets?
I could write this list all day. Not vague handwaving, all of these things are being worked on or already exist.