The cryptocurrency bubble is strangling innovation?
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The cryptocurrency bubble is strangling innovation?
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Re: The cryptocurrency bubble is strangling innovation?
#2I think people will come up with good sharding and safe off chain solutions to mitigate transaction speed latency. I think the bubble actually incentivizes that.
Re: The cryptocurrency bubble is strangling innovation?
#3[deleted]
Re: The cryptocurrency bubble is strangling innovation?
#4I think people will come up with good sharding and safe off chain solutions to mitigate transaction speed latency. I think the bubble actually incentivizes that.
I think it already started in that direction with the next-generation of currencies like Raiblocks and IOTA. You will probably have currencies which will iterate on top of that in the future to improve it even more.
Re: The cryptocurrency bubble is strangling innovation?
#5There's a lot of infrastructure out there to come up with a solution to these problems. Someone will and get very very rich off it.
Re: The cryptocurrency bubble is strangling innovation?
#6> It remains an open question whether even much, much lower fees would be viable in the long run.
The problem is not fees rather usability. If today I speak to a layman about bitcoin he is confused. It doesn't help that people start talking about hardware wallets, multisigs, Segwit etc. Most of those guys find that using cryptocurrency is a pain and want to stick to real money. Yes, it doesn't stop them from speculating by putting some money in these coins.
One thing has to be noted, while there is a constant parallel drawn with dot com people forget that there was at least 7-8 years head start for a layman to understand "internet". There has been no run up here, things have just exploded.
Re: The cryptocurrency bubble is strangling innovation?
#7I think people will come up with good sharding and safe off chain solutions to mitigate transaction speed latency. I think the bubble actually incentivizes that.
We have this with our "Hybrid nodes" they are doing exactly that - compensating for the chain weaknesses until the technology catches up, and we have systems in place to easily migrate this functionality on-chain so that we're ready ahead of time
Re: The cryptocurrency bubble is strangling innovation?
#8Dapps can be awesome when you want to avoid counter-party risk. Ether Delta is a great example; however, it's super expensive to use ED (every interaction costs $0.80-$1.60) and unless you're playing with a lot of money it's cost prohibitive to use.
Even though they had the dns hijacking a while ago, you can still access the market via direct calls to the contract. When it's time to liquidate a large alt holding back into ETH, ED is the only place I trust because I don't have to trust anyone.
Re: The cryptocurrency bubble is strangling innovation?
#9It's a bit odd that the articles focuses entirely on Etherium. You can just build your Dapp on a different blockchain with smart contract support, that hopefully addresses the issues Etherium currently suffers from.
And, blockchain innovation isn't just Dapps. There are likely many markets that would benefit from several aspects of blockchain technologies that we've yet to come up with.
Re: The cryptocurrency bubble is strangling innovation?
#10I think people will come up with good sharding and safe off chain solutions to mitigate transaction speed latency. I think the bubble actually incentivizes that.
We have this with our "Hybrid nodes" they are doing exactly that - compensating for the chain weaknesses until the technology catches up, and we have systems in place to easily migrate this functionality on-chain so that we're ready ahead of time
Are there specific projects that are using hybrid nodes? I'm curious to read more about this.