Can someone explain to me why I should pay to use the dapp Twitter clone?
Unless you are involved in neo-nazi organizations or narcotics distribution, i do not see it either.
Dapps
61–70 of 139 posts
Re: Dapps
#62visit the real data of dapps
http://dappinsight.com
Re: Dapps
#63The 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.
Isn't it integral to the way these dapps work however? Is there an other way to achieve the same results? After all eventually somebody has to pay the bill for there computations.
It seems to me that the big problem of dapps is not so much the fact that you need to pay to deploy them but that you have to pay so much to do anything meaningful. The system is extremely expensive compared to regular "not-trustless" distributed/cloud computing offerings out there.
For instance while browsing through the blockstack website I saw that the first such application was a "docs suite" (à la office/google docs) called "graphite": https://www.graphitedocs.com
That seemed interesting but my first thought was "man, if they store the files in the blockchain that must be absurdly expensive to use". They probably thought the same so, according to the FAQ at https://www.graphitedocs.com/faq :
>By default, your data is stored in a dedicated Microsoft Azure Blob. But you can and should connect your Blockstack Browser to your own cloud storage solutions (preferably multiple).
Oh. So that makes sense but doesn't that destroy the whole point of it? What if I decide to, say, use OpenOffice on my computer, encrypt the files using GnuPG and then upload them to dropbox, spideroak and some AWS bucket, wouldn't that effectively grant me the same privacy and control over my data?
I'm going to sound like a naysayer but it just looks like yet an other example of using blockchain for the sake of saying that you use the blockchain.
But of course it's just one dapp out of many. Let's see the next one, "stealthy": https://www.stealthy.im/
It's a "A secure decentralized communication platform". Now storing small text messages in the blockchain would still be very expensive but it might be acceptable, especially if you worry a lot about censorship or your message remaining available "forever".
>By default, your data is stored in a dedicated Microsoft Azure Blob. But you can and should connect your Blockstack Browser to your own cloud storage solutions (preferably multiple).
Oh. Nevermind then.
Re: Dapps
#64know the real data of dapps
https://dappinsight.com
Re: Dapps
#65crypto should not mean cryptocurrency it should mean cryptography
And distributed should mean distributed, not 'using a blockchain'.
Re: Dapps
#66So 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…
So you're saying after Bitcoin has gone up 300% and crashed equally 15 times, exactly
now this won't happen anymore?
Re: Dapps
#67> it sure feels like 2018 is the year we start getting decentralized applications (Dapps) we can use. does it, though?
Yes, it does to me: 0) Augur, decentralized prediction markets and a very early ICO has reached the bug bounty phase, getting much closer to launch ( https://medium.com/@AugurProject/announcing-the-augur-bug-bo... ) 1) Golem, another early ICO has launched ( https://www.coindesk.com/golem-arrives-one-ethereums-ambitio... ) 2) Distense, a decentralized code-cooperative with be running on the Ethereum mainnet in a few…
So they're close to launching or just launched. Any evidence suggesting they're not going to crash and burn in the short term?
Re: Dapps
#68Sure Dapps might be an interesting concept but let's not pretend it is free from manipulation. Miners are the gatekeepers to the system. F2Pool is one of the biggest pools in Ethereum. It was alleged that they manipulated the Status ICO: https://themerkle.com/f2pool-allegedly-prevented-users-from-... They controlled 26.6% of the total Ethereum hashing power. So, lets say this twitter clone - Peepeth takes off. And th…
> And then there is someone who wants to post some stuff against F2pool. What is stopping F2pool from manipulating the feed?
It's the difference between 'unstable equilibrium' vs 'stable equilibrium'.
The power of a centralized entity on their service, like twitter on a feed is a stable equilibrium, they can modify something and not face too many repercussions (like when we see what happened with Wells Fargo scandal).
On the other hand, the power of a major player in a decentralized setup is an 'unstable equilibrium', if you modify something into your favor, your power goes away really fast. And cryptocurrency networks have shown that they are extremely sensitive towards any changes or abuse of power made by a major player. It also makes a lot of sense from game theoretic perspective.
The hard fork made by the Ethereum community was such an example, it was so contentious that even though they succeeded, they are very resistant towards any such changes in future.
With Proof of Stake, the 'stability' of unstable equilibrium of F2Pool (presuming F2Pool is a large staking pool at that point) becomes even more unstable. In PoW if F2Pool performs a harmful action, then any attempts to undo that harmful action does not harm F2Pool, they just neutralize their attempt.
Whereas in PoS consensus, any attempts by F2Pool to perform a harmful action would result in them losing their wealth.
Re: Dapps
#69So 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…
A VC is willing to take 20 flops to get one breakout bet.
Re: Dapps
#70So after browsing through Blockstack's website and a few of these Dapps there's something I don't quite understand. Storing data into the blockchain itself is obviously extremely expensive so I wondered how they did that. Turns out that for most of these apps they either don't tell (as far as I can see) or have this exact same snippet of text in their FAQs:
>By default, your data is stored in a dedicated Microsoft Azure Blob. But you can and should connect your Blockstack Browser to your own cloud storage solutions (preferably multiple).
So... what's the idea here? I don't need ethereum to encrypt my data and upload them to various cloud storage services. Sounds to me like blockstack is an app framework like Google Play or the App Store, only you pay with ethereum instead of fiat and your data is encrypted locally before being uploaded. I mean that last bit is definitely a good thing but where's the famous "blockchain technology(c)(tm)" exactly?