It's interesting to see your perspective on smart contracts and their current limitations. While it's true that they may not be as "smart" as some people would like to believe, it's important to note that they still represent a significant step forward in terms of decentralization and giving control back to the depositor.
As you mentioned, the next wave of blockchain innovation could very well be in the areas of proof of ID, reputation/credit ratings, and education credentials. It will be exciting to see how these technologies evolve and what kind of impact they will have on our society.
Overall, I appreciate your thoughtful insights on the current state of smart contracts and the potential future of blockchain technology. It's important to have a critical and realistic view of these emerging technologies in order to fully understand their capabilities and limitations.
-As for the next crypto craze...I don't expect a big change until the last 3-4 months of 2023....
smart contracts (bitcoin prospective) are not smart. or if they are they are not used properly to maximum effect
they are just glorified multisig where it diminishes someone sole custody to be cooperative custody
yes its one step forward and moves a bit away from full centralised custodian and atleast gives some % control back to the depositor. but its yet to actually be a "next craze" event
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i would say after a wave of craze over "virtual land/property real estate"
the next wave after that would or could be proof of ID, followed by things like reputation/credit rating.. and education credential stuff