The Nomics Update

Blockchain Projects I'd Start (If I Wasn't Building Nomics) - (Ep. 0049)


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So Pravin, and I hope I'm pronouncing your name correctly Pravin, but Pravin from Block.Kitchen wrote in with a question, and I'm gonna address it. First off, Block.Kitchen, I didn't even know there was a dot Kitchen domain name. There's just so many now, it's crazy. It's hard to follow. I'm always looking at these domain names and be like, "Wait, is this a dot com? It's a ..." That's the extension, dot Kitchen. Anyway, he wrote in [00:00:30] with a couple of questions. The first question he asked is this, if ... So here's the question, if you are not pursuing Nomics, what other business opportunities or categories in the blockchain space would you be executing on? Good question. So I think first and foremost I wanna mention that I really don't know. This question stumped me, and it's not like I have a [00:01:00] list of things in the back of my head that I'm just waiting to do. I'm very focused on what we're doing and in another update I'll speak about why I'm so excited about what we're doing in the Pathron and the problem that we're really solving, versus the problem that a lot of people think we're solving.


But the answer is, I can't think of anything of the top of my head. I'm very interested in distributed datasets [00:01:30] and in data platforms, which is really at the core of what we're doing at Nomics, and core to the infrastructure that we're building. Much of which people can't see. And right now there's just nothing that excites me as much as data platforms. By the way, data platforms as an interest, like I've never been interested in anything that bored people to death as much as data platforms, but they're really [00:02:00] exciting if you ever wanna talk data platforms. Sometime maybe can have that conversation if we see each other at a conference or something. I think all of this said, if I have to think about it for a bit and stretch, I think I'd be interested in blockchain based lending, so on the Flippening Podcast, my other podcast, I did an interview with [00:02:30] Nadav Hollander from Dharma. I'm very impressed with what they're doing, I think that is potentially the killer use case, or one of many killer use cases.


And if you look at US bond markets, they're bigger than the stock market, and both the bond market and the stock market individually are much larger at the into money supply, which is just the amount of money people have in [00:03:00] back accounts and savings accounts and cash. And that doesn't even include ... The bond market doesn't even include personal loans and household debt and things like that. So, I think there's a ton of opportunity there, everyone borrows money and because of hurdles around user experience and knowledge, access to technology. I don't know that the average [00:03:30] person would use Bitcoin just to use it unless they live in a place like Argentina or Venezuela and there isn't another reliable form for storing value, there isn't another reliable means of doing that. Obviously if you live in a place where the banking system is terrible, then Bitcoin is potentially a great place to put your money, I don't know, I don't give [00:04:00]


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Website: https://nomics.com

Crypto Market Data API: https://nomicsapi.com

Personal Twitter: https://twitter.com/ClayCollins

Company Twitter: https://twitter.com/NomicsFinance

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The Nomics UpdateBy Clay Collins

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