What Is Value Prop?
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Polygon launched a database for crypto that has real use cases and what they have compiled so far is what I would label disappointing. This is unfortunately not Polygon doing this as it is crowd sourced so is open to anyone to add to the list of 150 or so already listed cryptos. The real use case cryptos are most likely too busy developing and working on their use cases to worry about this database.
Rebecca Rettig, chief policy officer at Polygon, tells Axios, and in part, to push back on Washington criticism enshrined in the President's economic report that its innovation has been mostly about creating "artificial scarcity."
Between that criticism, the crime and fraud, the good in crypto is being eclipsed by the bad.
I do think the reason for creating this database of blockchain projects is a great idea as there is more to blockchain than just creating wealth through scarcity which I do believe the majority in crypto are all for creating. I know I love the idea of scarcity with my investments as supply and demand tells you prices will no doubt rise in value.
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When I entered this database I was hoping to find some hidden gems, but it is not designed like that and shows for example a regional restaurant using a blockchain for promotion and publicity. Another being a coffee shop using a blockchain for customers to show their NFT experiences and to keep their customers entertained. Personally I see no difference to using the web as this to me is starting to sound too gimmicky. This is something you would expect to see on FaceBook and why it doesn't appeal to me one bit.
I have never been a fan of NFT's as I still don't get the idea unless it is with something real and tangible like a building where I can earn some of the rentals each month. I am not the type of person to by a monkey picture thinking I can make some crypto out of it because I am not the guy buying the monkey picture because it makes no sense to myself. Everyone to their own and if you enjoy that stuff then great, but it is not for me.
I understand why polygon have done this but I would liked to have seen some more proper use cases being highlighted that we already know about that are working. This is not about promoting a select few crypto projects but the entire industry as some of these listed here I find laughable and questionable as to why they need a blockchain at all.
I am sure if this is to turn doubters in Washington that blockchains are offering value in every day life they already know about it. This is just political right now and they are not stupid enough to believe blockchains don't add any real value as they are not allowed to think like that until policies change.
The benefits are endless where this can lead into the future and no doubt blockchains will be the next big thing being used in all walks of life. Medical, social, supply chains, carbon monitoring, finance and the list can go on as every industry will be working on the blockchain within the next 5 to 10 years. Making a database of real use cases for Washington is not going to change anything and it is up to technology to change them whether they are ready or not.
Posted Using LeoFinance Alpha
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