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Dapps

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Re: Dapps

#41

Post by rrdharan »

StavrosK wrote: post #36
common_ wrote: post #24

So much of VC funding is just about being in the right place at the right time. A lot of these guys seem like geniuses because of winning bets, but that's because nobody talks about their flops. It's entertaining watching all of the VCs who have made a major bet on crypto, who are now doubling down on what looks more like an overheated casino losing steam. Fred Wilson might end up watching the tide go out on this one…

Maybe it wasn't important at the time. Instagram only became wildly popular after they introduced stories, which they didn't have at the time, did they?

Instagram passed Twitter's DAU count well before the introduction of stories.

https://www.yahoo.com/news/instagram-hits-300-million-users-...

Stories is what they introduced to kill Snapchat's growth.

Re: Dapps

#42

Post by pavlov »

jeswin wrote: post #21
htormey wrote: post #7

So what Dapps does anyone here use apart from decentralized exchanges and crypto kitties? One I came across recently that looks promising is joy stream: http://joystream.co Joy stream appears to be a service which rewards people for hosting torrents. I could see this being used by a lot of people. Are their any services that provide usage figures for any of these Dapps? I’d be curious to know how much they are used a…

> So what Dapps does anyone here use apart from decentralized exchanges and crypto kitties? I use patchwork everyday, just like FaceBook or Twitter. Content quality is excellent. https://github.com/ssbc/patchwork That is, if Dapps can be taken to mean distributed apps - instead of just apps on blockchain with consensus.

Patchwork looks great. But it's an old-school distributed/federated app in the vein of IRC or XMPP, right?

The definition of a "dApp" these days seems to require blockchain, either for storage or for a token ecosystem. This co-opting of the word "distributed" is unfortunate but probably as difficult to fix at this point as the misuse of "crypto".

Re: Dapps

#44

Post by RexetBlell »

keeptrying wrote: post #29

The big elephant in his post is the fact that you need to pay (ie buy ETH) to start using dapps. That’s a big stumbling psychological stumbling block that the “regular” internet doesn’t have. And I think that fact will shape whether any of us or the regular public ever launch a dapp. There will be a small set of services I believe which will cross this threshold. Not sure if it will be a large number or not.

In the future it will be possible to use Ethereum Dapps even if you don't have any ETH. The way it works now is that ETH is needed in order to pay for gas. However, it will be possible for the contract to pay for gas in the future. Developers would be able to add some ETH to their contract, so that it is free to use (or some parts of it are free) if they wanted to.

Re: Dapps

#45

Post by dereg »

keeptrying wrote: post #29

The big elephant in his post is the fact that you need to pay (ie buy ETH) to start using dapps. That’s a big stumbling psychological stumbling block that the “regular” internet doesn’t have. And I think that fact will shape whether any of us or the regular public ever launch a dapp. There will be a small set of services I believe which will cross this threshold. Not sure if it will be a large number or not.

The whole concept of gas is user hostile and is a huge setback to broad adoption.

Re: Dapps

#46

Post by paulgb »

lifty wrote: post #28
sancha_ wrote: post #10

Can someone explain to me why I should pay to use the dapp Twitter clone?

One reason is to move from being the product to being a user, so that your attention is not sold to the highest bidder and your behaviour manipulated in such a way that it produces the highest value. Of course, paying with your attention is a valid way of paying for things as long as the implications are clear. edit: spelling mistakes

IMO, federation is a better model of this. With Mastodon, sure somebody is still paying server costs, but there is no unavoidable fee for the software/service and it has the same censorship-resistent properties.

(I'd like to see signed messages in Mastodon but that's not a problem inherent to a federated model)

Re: Dapps

#47

Post by dagaci »

htormey wrote: post #7

So what Dapps does anyone here use apart from decentralized exchanges and crypto kitties? One I came across recently that looks promising is joy stream: http://joystream.co Joy stream appears to be a service which rewards people for hosting torrents. I could see this being used by a lot of people. Are their any services that provide usage figures for any of these Dapps? I’d be curious to know how much they are used a…

https://steemit.com/ is very popular

Re: Dapps

#48

Post by ElCapitanMarkla »

RexetBlell wrote: post #20
htormey wrote: post #7

So what Dapps does anyone here use apart from decentralized exchanges and crypto kitties? One I came across recently that looks promising is joy stream: http://joystream.co Joy stream appears to be a service which rewards people for hosting torrents. I could see this being used by a lot of people. Are their any services that provide usage figures for any of these Dapps? I’d be curious to know how much they are used a…

The Dai stable coin. Many different smart contracts are constantly working together to keep the token worth very close to 1 USD: https://coinmarketcap.com/currencies/dai/

I hadn’t heard of this, it’s an interesting concept

Re: Dapps

#49

Post by taylorwc »

common_ wrote: post #24

So much of VC funding is just about being in the right place at the right time. A lot of these guys seem like geniuses because of winning bets, but that's because nobody talks about their flops. It's entertaining watching all of the VCs who have made a major bet on crypto, who are now doubling down on what looks more like an overheated casino losing steam. Fred Wilson might end up watching the tide go out on this one…

This comment could benefit from a little more research. Sure, being a successful venture investor is about being in the right place at the right time, but USV is one of the best out there. Fred Wilson has written extensively about his flops and misses (they passed repeatedly on Airbnb for example), and has also written extensively about the dynamics of investing across risky-enough ideas that there are a lot of failures in a successful portfolio. Sure, Twitter has made a lot of ridiculous decisions, but as an early-stage investment, it returned the fund.

Re: Dapps

#50

Post by RexetBlell »

htormey wrote: post #40
sanderjd wrote: post #33

Earlier quoted context omitted.

Why is that good?

I assume because it allows you to trade in and out from crypto positions to something that tracks fiat. This of course assumes that this coin can actually hold its value in the event of a market crash. I also assume it’s not backed by real dollars held in a bank but some kind of basket of other cryptoassets right?

No it is not backed by real dollars in a central location. It's a kind of a derivative. The way it works is very interesting. Recently Andreessen Horowitz and others invested 12M into the project.
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