How does Blockstack make money?
Dapps
51–60 of 139 posts
Re: Dapps
#52So 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
Here is a really good video on steem:
Guy uses it a lot. The video goes into its history and some of the issues that have emerged on the platform.
Re: Dapps
#53Earlier quoted context omitted.
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/
Why is that good?
In general, it is better if the value of your money that you want to use to buy things does not fluctuate every minute like in the case of Bitcoin.
People are working on Dapps for insurance, lending, prediction markets. It is not practical to take out a loan that is denominated in a volatile currency. Also, If you want to bet on the next president in 2020 for example, it is not practical to make the bet using a volatile currency such as Bitcoin.
Re: Dapps
#54Earlier quoted context omitted.
>have a separate name for programs using NoSQL too? Yeah, horrible legacy projects that are a pain in the ass to maintain Source: I am working on a legacy API based on a noSQL database with a very dumb design (because the data was relational of course) in a very large company
> Yeah, horrible legacy projects that are a pain in the ass to maintain How can a "legacy" project be using noSQL? In my company, "legacy" projects are projects that have been around for 10+ years. MongoDB hasn't even been out a full 10 years, yet...
>How can a "legacy" project be using noSQL?
A project doesn't need to be 10+ years old to be legacy.
This API is 3y old, and was the first iteration, the v1, of the company's digital asset management API, it's only maintained for a few teams around the world, whereas the v2 is well crafted and has a way more logical datamodel
Legacy != old
Re: Dapps
#55The 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.
I'm also on the skeptic side of things though this intrigues me because it perhaps provides an alternate model to online ads which we're finally discovering the negative side effects of.
Re: Dapps
#56So 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…
>, but that's because nobody talks about their flops.
The KPCB flops in "green tech, clean energy, etc" were widely reported.[1] Also, the VC firm DFJ and Tim Draper in particular were laughingstocks for investing in the Theranos scam because they didn't do proper due diligence.
>Fred Wilson [...] was part of Twitter's clueless board, the one that didn't think it was important to buy Instagram?
Is there a source that says it was Fred Wilson who blocked the acquisition of Instagram?
The story I read was that both Jack Dorsey of Twitter and Mark Zuckerberg of Facebook were courting Instagram at the same time.
Jack offered ~$500 million (all in Twitter stock).
Mark offered ~$736 million ($300 million of that in cash).
Basically, Facebook had the more enticing offer.
In 2012, Twitter wasn't generating any profits and didn't have any excess money in the bank to include any cash component to their bid.
On the other hand, Facebook was already profitable for 3 years and had ~$4 billion in cash in the bank even before the IPO in May 2012. Having a stock that was backed by real profits and a war chest of cash lets Facebook make more attractive acquisition offers.
[1] https://www.google.com/search?q=kpcb+green+tech+lost+money
Re: Dapps
#57The 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.
It will eventually be automatically calculated. It currently is in some apps.
Re: Dapps
#58The 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.
It adds an extra hurdle to developing dapps as well.
So many users in gitter channels I frequent run into problems with gas.
But one thing is amazing is that once your dapp is deployed your backend is fully permanent and replicated 19,000 times [0] (which is both super good and super bad at the same time - no bug fixes in prod).
Re: Dapps
#59One project I really like is Streamr. It looks promising. Monetizing realtime data on top of ethereum. It's great to see projects on top of ethereum creating real value.
There's no value here! Even their own examples are so tenuous it's bizarre to me that anyone could post that with no sense of shame. 'what if what people know for free today would be wrapped up in an insane network of constantly negotiating prices for that same information'
I respect your point of view. I like the project as i like Golem. They are trying to build decentralized cloud services on top of an existing blockchain.
Hacker news is not read by idiots, so please don't accuse me of trying to deceive readers. The average reader here is quite smart, they don't need your defense.
Re: Dapps
#60So 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.
Anyone else a programmer/tech person that thinks blockchain is awful for storing information?
Centralized servers are extremely good at what they do. I feel like most of the time blockchain isnt needed unless things need to be decentrally verified.
I was considering doing my own 'cryptocurrency', but I decided a centralized server was better for doing the job at hand.